Mapletree Pan Asia Commercial Trust (SGX: N2IU), or MPACT for short, formed following the merger of Mapletree Commercial Trust and Mapletree North Asia Commercial Trust in August 2022, invests in commercial properties used for retail and office purposes in key gateway markets in Asia. Currently, its portfolio comprises 18 properties valued at S$16.5 billion. Following the conclusion of the financial year on 31 March 2024 (i.e., FY2023/24), the REIT have published its annual report last Friday (28 June 2024), and in this post, you will find key highlights to take note of, together with details on its upcoming AGM…
What You Need to Know: Highlights from Mapletree Logistics Trust’s FY2023/24 Annual Report
When it was listed in the Singapore Exchange back in 2005, Mapletree Logistics Trust (SGX: M44U) was the country’s first Asia-focused logistics REIT. Currently, it has 187 properties in 9 countries valued at S$13.2 billion. Following the conclusion of the financial year on 31 March 2024 (i.e., FY2023/24), the logistics REIT have published its annual report yesterday (25 June) morning and in this post, you will find key highlights to take note of, together with details of its upcoming AGM…
Battle of the Titans: CapitaLand Integrated Commercial Trust vs. Mapletree Pan Asia Commercial Trust
Both CapitaLand Integrated Commercial Trust (SGX: C38U) and Mapletree Pan Asia Commercial Trust (SGX: N2IU) invest in properties primarily used for retail and office purposes. For those who only have sufficient funds for one, which should he/she invest? In this article, I will be putting the key statistics reported by the 2 REITs side-by-side to find out which potentially makes a ‘better buy’…
Key Highlights from Mapletree Industrial Trust’s Annual Report for FY2023/24
Mapletree Industrial Trust (SGX: ME8U) invests in real estate assets used primarily for industrial and data centre purposes. Following the end of financial year on 31 March 2024 (i.e., FY2023/24), the REIT has published its annual report on Tuesday (18 June). In this post, you’ll find key highlights from the report, along with information about the upcoming AGM…
From Singapore to the Wall Street: 5 Singapore-Headquartered Companies on the U.S. Exchange
While Singapore have a stock exchange, why do some of the Singapore-headquartered companies choose to list in the United States instead? 2 key reasons – access to a much larger capital pool, as well as liquidity. In today’s post, you will find 5 companies that are headquartered in Singapore, but listed on the US stock exchanges…
EC World REIT’s Q1 FY2024 Results: What You Need to Know
EC World REIT (SGX:BWCU) is a China-based port logistics and e-commerce REIT listed on the Singapore Exchange, where it currently has 7 properties in its portfolio. Trading of the REIT has been suspended since 31 August 2023 due to a lack of funds necessary to repay its interest expenses due. The REIT released its financial results for Q1 FY2024 ended 31 March yesterday evening (13 May), and in this post, you will find my review of its latest financial performance, as well as its portfolio occupancy and debt profile…
DBS, UOB, or OCBC – Which Singapore Bank Led the Pack in Q1 FY2024?
The trio of Singapore banks in DBS (SGX: D05), UOB (SGX: U11), and OCBC (SGX: O39) have released their business update for Q1 FY2024 ended 31 March. In this post, I have put their financial results and key financial ratios together to find out which of the 3 banks displayed the strongest improvement. I have also put their valuations (based on their closing price last Friday, 10 May) to find out which bank is currently the ‘cheapest’ and the ‘most expensive’…
DBS, UOB, and OCBC’s Business Updates for Q1 FY2024: What You Need to Know
DBS (SGX: D05), UOB (SGX: U11), and OCBC (SGX: O39) are among the biggest banks in Singapore by assets, and they are very highly rated in terms of their credit ratings. Collectively, the 3 banks also hold a 47.9% weightage in Singapore’s benchmark Straits Times Index. Now that all 3 Singapore banks have already released its 1st quarter business update ended 31 March 2024 (i.e., Q1 FY2024), in this post, you will find a review of each of the bank’s financial figures and key financial ratios…
An Analysis of Results by the Trio of Mapletree REITs for Q4 & FY2023/24
There are a total of 3 Mapletree REITs listed on the Singapore Exchange, and I am invested in all of them. This time round, Mapletree Pan Asia Commercial Trust (SGX:N2IU) was the first to release its Q4 and full-year results for 2023/24 ended 31 March 2024 on 24 April, followed by Mapletree Industrial Trust (SGX:ME8U) a day later on 25 April, and then Mapletree Logistics Trust (SGX:M44U) on 29 April. In this post, you will find my analysis of each of the 3 Mapletree REITs’ results in terms of its latest financial performance, portfolio occupancy and debt profile, as well as its distribution payout to unitholders…
CapitaLand Integrated Commercial Trust’s AGM for FY2023: My Summary
Debuted as CapitaLand Mall Trust when it was listed back in July 2002, it was renamed as CapitaLand Integrated Commercial Trust (SGX:C38U), or CICT for short, after its merger with CapitaLand Commercial Trust in November 2020. As at 31 December 2023, its portfolio comprises retail, office, and integrated development properties in Singapore, Germany, and Australia valued at S$24.5 billion. Earlier this afternoon (29 April), the REIT held its AGM for FY2023 which I’ve attended virtually, and in this post, you will find a summary the CEO’s presentation, responses to questions raised by fellow AGM attendees, as well as results of the 4 resolutions put to vote during the meeting…
