REIT Oracle

Your data source for Singapore's REITs.
Top 5 YielderLastYieldDisc. to NAVGearing
Prime US Reit0.11922.77%80.2%48.1%
Keppel Pacific Oak US REIT0.14117.73%79.6%43.0%
Elite Commercial REIT0.24012.79%38.5%41.5%
ARA US Hospitality Trust0.28512.04%59.9%43.5%
United Hampshire US REIT0.40511.83%43.8%42.2%
All Singapore REITsAll Malaysian REITsAll Thai REITs
News about ARA US Hospitality Trust

ARA US Hospitality Manager Sold to Acrophyte AM

The manager of ARA US Hospitality REIT has been sold by ESR Group to Acrophyte Asset Management:

In the same announcement, ARA Real Estate Investors 23, held by ESR, has also entered into a sale and purchase agreement to divest its 19% stake of 110.2 million stapled securities in ARA US Hospitality Trust to Acrophyte Limited, an entity held by Tang Jialei and Tang Jialin.

Acrophyte Pte Ltd, which used to be called Chip Eng Seng Corp, has been appointed the new sponsor of ARA US Hospitality Trust.

News about CapitaLand India Trust

CapitaLand India to Acquire IT Buildings in Hyderabad, India

CapitaLand India Trust is annoucing the acquisition of a portfolio of IT buildings in Hyderabad (India) from developer Phoenix Group:

The buildings are in Hitec City, which the trustee-manager highlighted as a “major IT and office hub in Hyderabad where many large multinational companies are located”.

Based on pro forma estimates, acquiring these buildings would have resulted in a financial year 2023 distribution per unit of 6.47 cents, up from 6.45 cents.

News about Keppel REIT

Keppel REIT Buys Half of Sydney Office

Keppel REIT is purchasing a 50% stake in Sydney office property:

The manager of Keppel REIT has entered into a contract of sale to acquire an effective 50% interest in 255 George Street for A$363.8 million ($321.0 million)

The 29-storey property is a freehold Grade A office building located in Sydney’s centre business district (CBD). It has a net lettable area (NLA) of 38,996.8 sqm (419,758.06 sq ft) comprising 38,805.0 sqm of office space and 191.8 sqm of retail space, as well as 188 car park lots.

Market news —

Maybe Another Mall REIT for Thailand?

Bloomberg reports that Thai mall owner Siam Piwat (which owns Siam Paragon) is considering an IPO:

The Bangkok-based company is asking international banks to submit proposals for a potential first-time share sale that may take place before the end of this year, the people said, asking not to be identified as the process is private. Siam Piwat is aiming to raise $500 million to $750 million in the IPO, they said, adding that deliberations are ongoing and it could decide not to list.

News about Frasers Logistics & Commercial Trust

FLCT Acquires Majority Stake in German Logistics Portfolio

Frasers Logistics and Commercial Trust (FLCT) is taking a 89.9% interest in a portfolio of 4 logistics assets in Germany from its sponsor:

FLCT said the agreed property purchase price of 129.5 million euros (S$173.1 million) represents a discount of 5.3 per cent to the assets’ appraised value by Colliers, and a 1.1 per cent discount to the value as appraised by CBRE.

The acquisition is expected to be distribution per unit and net asset value accretive to the real estate investment trust (Reit).

News about Keppel Pacific Oak US REIT

Keppel Pacific Oak Suspends Distributions to Shore Up Balance Sheet

Along with releasing it's results for the year 2023, Keppel Pacific Oak US REIT is announcing the suspension of distributions to shore up its balance sheet:

The manager noted a challenging borrowing environment as lenders remain concerned about the US office market. Meanwhile, Kore’s leverage rose to 43.2 per cent post the FY2023 valuation, approaching the 50 per cent limit set by the Monetary Authority of Singapore and bank covenants.

Market Averages

7.4% yield
24.4% discount to NAV