REIT Oracle

Your data source for Singapore's REITs.
Top 5 YielderLastYieldDisc. to NAVGearing
Dasin Retail Trust0.37513.33%74.3%36.7%
First REIT0.3059.15%13.2%34.7%
United Hampshire US REIT0.6659.14%7.6%37.6%
Sabana REIT0.4308.77%17.3%34.8%
Prime US Reit0.8258.18%4.1%38.4%
All Singapore REITsAll Malaysian REITsAll Thai REITs
News about CapitaLand Integrated Commercial Trust

CICT Acquires Two Australian Office Buildings

CapitaLand Integrated Commercial Trust is announcing the acquisition of two properties in Sydney, Australia:

  • 66 Goulburn Street is a leasehold (with 95 years remaining) building with both retail and office space, bought for A$158.5 million
  • 100 Arthur Street is a freehold office tower, bought for A$172.2 million

The total transaction of A$381.0 million (including fees) is expected to be DPU accretive.

News about Frasers Logistics & Commercial Trust

FLCT Invests in English Warehouse Development

Frasers Logistics and Commercial Trust is announcing the acquisition of a warehouse project in Worcester, UK. At a price of £28.3 million (about S$51.5 million), the freehold property is pre-let to a flooring distributor for a 15 year period. Completion of the development is expected for Q1 2023.

The trust will fund the operation through debt or internal resources.

News about Manulife US REIT

Manulife US REIT Buys 3 Properties, Makes Private Placement

Manulife US REIT is announcing the purchase of three American office properties for a total of US$201.6 million:

  • Diablo Technology Park in Tempe, Phoenix area, a business park
  • Park Place in Chandler, Phoenix area, a set of two office campus buildings
  • Tanasbourne Commerce Center in Hillsboro, Portland area, a set of three flex-office buildings

All properties are freehold and leased to multiple tenants and have a weighted average of 93.4% occupancy and 5.9 years WALE.

In order to finance the operation, a private placement of about US$80.0 Million has been launched along with an advanced distribution to current shareholders.

News about Keppel REIT

Keppel REIT Buys Sydney Office Building

Keppel REIT is announcing the purchase of Blue & William, a grade A office in North Sydney. The freehold building is being transacted at a price of A$327.7 million, or about S$322.2 million.

Ms Shirley Ng, Deputy CEO and Head of Investment of the Manager, said, "In line with our active portfolio optimisation strategy, this DPU-accretive investment brings an initial net property income yield of 4.5%, which will enhance Keppel REIT’s overall portfolio returns. At the same time, regular coupon will be received throughout the development phase, providing robust risk-adjusted returns."

News about Mapletree Logistics Trust

Mapletree Logistics Buys 17 Properties, Makes Right Issue

Mapletree Logistics can't stop snapping up assets and is now announcing another round of acquisitions:

  • 13 logistics properties in China and 3 logistics properties in Vietnam, for about S$1 billion. The portfolio has with a committed occupancy of 91% and WALE (by NLA) of 2.9 years.
  • 1 freehold Japanese property for about S$416.3 million, with a committed occupancy of 82.5% and WALE of 1.7 years.

The trust is also announcing an early advanced distribution and an equity raising operation, with both a private placement and a public offering to raise about S$700 million in order to fund the operation.

News about Daiwa House Logistics Trust

Daiwa House Logistics Trust Files for IPO

Japanese REITs listed in Singapore have had a rocky history, with both Accordia Golf Trust or Saizen REIT coming and going after a handful of years. This isn't deterring Daiwa House Logistics Trust (DHLT) from trying its luck and filing for IPO. The trust has lodged its IPO prospectus on MAS website and will offer 244,438,000 units at S$0.80 per unit (with possible over-allotment option)

DHLT has an appraised ¥80.57 billion ($952.9 million) portfolio of 14 logistics properties in Japan and is forecasting a yield of 6.3% based on IPO price.

News about CapitaLand Integrated Commercial Trust

CICT Fully Exits One George Street Office Property

CapitaLand Integrated Commercial Trust (CICT) is announcing the sale of its remaining stake in One George Street, a Singapore property it had a remaining indirect 50% interest in. The total transaction of S$1.28 billion will bring about S$344.8 million into the trust coffers after deducting fees and loan settlement.

The Sale is not expected to have any material effect on the net asset value per unit of CICT and the distribution per unit of CICT for the financial year ending 31 December 2021.

Market Averages

5.6% yield
0.6% discount to NAV