REIT Oracle

Your data source for Singapore's REITs.
Top 5 YielderLastYieldDisc. to NAVGearing
First REIT0.26015.96%47.9%49.0%
United Hampshire US REIT0.6758.98%6.3%36.2%
Eagle Hospitality Trust0.1378.61%19.7%65.5%
Prime US Reit0.8408.26%2.3%33.5%
IREIT Global0.6457.80%14.4%34.8%
All Singapore REITsAll Malaysian REITsAll Thai REITs
Market news —

IGB Commercial REIT Makes Some Purchases Before IPO

IGB Commercial Real Estate Investment Trust is buying some properties from its sponsor IGB, ahead of its listing on the Bursa Malaysia:

GB said the REIT's trustee MTrustee signed 10 sale and purchase agreements (SPAs) today with IGB to purchase Menara IGB and IGB Annexe, Centrepoint South, Centrepoint North, Boulevard Properties, Gardens South Tower, Gardens North Tower, Southpoint properties, Menara Tan and Tan, GTower and Hampshire place.

IGB announced on March 31 that IGB Commercial REIT has been established upon the registration of the deed of trust executed between IGB REIT Management and MTrustee, with the Securities Commission Malaysia.

News about Mapletree Logistics Trust

Mapletree Logistics Enters Indian Market

Mapletree Logistics Trust is announcing the purchase of two properties in India, its firsts in this country so far.

Assets

The purchased assets, located around Pune, are:

  • A 4 blocks single-storey warehouse, fully occupied, with 88 years left on the land tenure
  • A 2 blocks single-storey, 88% occupied, with 86 years remaining on the land tenure

Together, they have a 2.2 years WALE and a total of 87,256 m² NLA.

Financing

The price of about S$84.2 million and associated fees will be financed by debt.

Expectations

The trust expects the operation to be DPU accretive. Upon completation, pro forma leverage would be about 40.1%.

News about Ascendas REIT

Ascendas REIT Buys 11 European Datacentres

Ascendas REIT isn't done shopping for more assets as it announces the acquisition of 11 data centres in Europe from a subsidiary of Digital Realty Trust (a specialized REIT listed in the USA).

Assets

The purchased assets are 11 properties spread across the UK, France, the Netherlands and Switzerland:

  • 5 properties are leasehold (with an average lease expiry of 42.9 years) and 6 are freehold
  • A total of 61,637 m² of Net Lettable Area, with a 97.9% occupancy (spread over 14 customers) and a 4.6 years WALE
Financing

The S$960.0 million total cost will be internally funded through debt and cash (from the proceeds of the fund raising done last Decembre).

Expectations

The manager expects the acquisition to be yield accretive, increasing DPU by 1.3%.

News about Cromwell European REIT

Cromwell REIT Completes 100M € Private Placement

Cromwell European REIT has completed a private placement and raised 100 million Euros, issuing 232.6 million new units at a price of 0.43 € per unit.

Roughly a third of the proceeds will be used to replenish working capital, following the Reit's recently completed 52.6 million euro acquisition of a logistics park in Italy.

Another 64 million euros will partially fund the Reit's acquisition of 11 properties in the Czech Republic and Slovakia, which is expected to complete before March 31, 2021.

Market Averages

7.5% yield (using last quarter)
-2.3% discount to NAV