Singapore REITs

JD.com-backed group picks banks for IPO of Singapore Reit: sources

The listing, which could raise about S$1 billion, may take place as soon as this year

Net proceeds from the divestment of the office property (above) will be used to make an early repayment of loans.

Manulife US Reit proposes US$92.5 million sale of Los Angeles property to trim debt

Divestment of 35-storey office property known as Figueroa will see S$10 million net loss

Amid a sell-off in S-Reits this month, Lendlease Reit’s S$196.6 million preferential offering garnered a subscription rate of only 62.2 per cent
MARK TO MARKET

S-Reits pursuing growth as Iran war escalates risk poorly timed equity raising exercises

A greater focus on value unlocking moves versus acquisitions could go a long way in sustaining investor enthusiasm

The global interest rate hikes in response to geopolitical disruptions are expected to weigh on the performance of S-Reits, says analyst Vijay Natarajan.
BROKER’S TAKE

RHB downgrades S-Reits to ‘neutral’ as Middle East conflict dims hope for rate cuts 

The brokerage recommends investing in Singapore-centric S-Reits to ride out market volatility

To allow S-Reits to punch above their weight, ARA co-founder John Lim believes regulators need to hand them heavier gloves.

What Singapore needs is not more Reits, but bigger ones: ARA co-founder John Lim

The local market must move towards consolidation and aggressive global expansion, says the industry veteran

Are there opportunities for Singapore players in the Chinese real estate market?

Will China’s real estate market rebound and what does the future hold for Singapore-listed Reits owning China properties?

Get a handle on what is happening in China’s real estate market and with the Chinese consumer. Learn what physical retail spaces work in China and get insights on China’s Reit market and Singapore-lis...

Hongkong Land says the acquisition enables the group to deploy recycled capital into prime, income-producing commercial assets in Singapore.

Hongkong Land acquires 10.8% stake in Suntec Reit for S$541 million

It says the move aligns with its ‘positive outlook and conviction in Singapore’s prime commercial property market’

The property has 30,398 sq m of net lettable area, with a nine-to-one warehouse-office split.

Sert buys logistics property in the Netherlands for 35 million euros

It is the stapled group’s first property acquisition since 2022

The  iEdge S-Reit Index has delivered a total return of less than 4% since the beginning of 2020, while the STI has returned 97.1%.
MARK TO MARKET

Iran war may hasten Reits’ waning popularity

A more hawkish tone from the Fed this week could further weaken sentiment towards real estate investment trusts

Blackstone-backed AirTrunk views Singapore as a key financing hub, says its founder and CEO Robin Khuda.

Data centre giant AirTrunk bets big on Singapore, mulls Reit IPO among other capital-raising options

The hyperscale specialist aims to treble headcount in the Republic to nearly 350 by 2030