REIT Oracle

Your data source for Singapore's REITs.
Top 5 YielderLastYieldDisc. to NAVGearing
Prime US Reit0.12643.57%83.2%42.8%
Manulife US REIT0.05538.91%85.5%56.7%
Keppel Pacific Oak US REIT0.21524.56%72.4%38.4%
Elite Commercial REIT0.24516.29%52.0%46.0%
EC World REIT0.28014.45%61.1%36.2%
All Singapore REITsAll Malaysian REITsAll Thai REITs
News about ESR-LOGOS REIT

ESR-LOGOS REIT Sells Tuas Property

ESR-LOGOS REIT is announcing the sale of an industrial property in Tuas, Singapore:

ESR-Logos Real Estate Investment Trust’s (ESR-Logos Reit) trustee has agreed to sell the Reit’s general industrial building at 2 Tuas South Avenue 2 for S$53 million.

This represents a 35.2 per cent premium above the asset’s valuation of S$39.2 million based on an independent valuation conducted by CBRE as at Aug 31, 2023, said the Reit manager on Monday (Oct 2).

News about CapitaLand Ascott Trust

CapitaLand Ascott Completes Sale of 4 French Properties

CapitaLand Ascott Trust (CLA) announces the completion of the sale of four hospitality assets in France for 44.4 million Euro:

The sum received represents 63% above the properties’ book value as at Dec 31, 2022, with the REIT receiving net proceeds of around EUR34.1 million. The exit yield, based on CLAS’s FY2022 ended Dec 31, 2022 EBITDA, is about 4% with CLAS receiving a net gain of some EUR1.2 million.

News about Frasers Centrepoint Trust

Frasers Centrepoint Sells Large Stake in Hektar REIT

Frasers Centrepoint Trust is unloading a large stake in the Malaysian trust Hektar REIT:

Frasers Centrepoint Trust's (FCT) manager announced that it plans to divest some 143.9 million units in Hektar REIT for the equivalent of $37.4 million. Following the divestment which completes in 4Q2023, FCT will hold around 2.12% of Hektar REIT after the sale, down from its current unitholding of 30.97%.

The divestment price of RM0.89 per unit is a 48.3% premium to the last traded price of RM0.60 as at Sept 22, but is at a discount of 26.9% to Hektar REIT's NAV of RM1.217 as at June 30.

News about Hektar REIT

Hektar REIT Acquires Campus for RM150 Million

Hektar REIT has announced the acquisition of Kolej Yayasan Saad Melaka's campus for RM150 million:

In a filing with Bursa Malaysia Secruities today, Hektar REIT said it has entered into a conditional sale and purchase agreement with KCSB for the proposed acquisition of a single, 1 ½, two and three-storey buildings which make up the administration, academic, residential and student facilities of KYSM.

It will fund the bulk of the purchase price through a combination of cash and issuance of 99,757,594 new units via a private placement, which will raise up to RM56.56 million for the company.

News about YTL Hospitality REIT

YTL Hospitality Buys RM138 Million Kuala Lumpur Hotel

YTL Hospitality REIT is announcing the purchase of Hotel Stripes Kuala Lumpur for RM138 million:

Hotel 25, a hotel operator, is an indirect wholly owned entity of YTL Corp Bhd, which is an indirect main stakeholder of Pintar Projek Sdn Bhd through its majority stake in YTL Land Sdn Bhd, Pintar Projek's parent company.

YTL Corp is also a significant unitholder in the YTL Hospitality REIT, which has a market value of around RM1.7 billion. The REIT is managed by Pintar Projek.

Following the conclusion of the proposed acquisition, the hotel will be leased back to Hotel 25 for an initial term of 15 years, with an option to renew the lease for another 15 years, according to a filing with Bursa Malaysia.

Market Averages

9.7% yield
28.4% discount to NAV