United Overseas Bank Limited (SGX:U11), or UOB for short, is one of the leading banks in Asia. It currently has a global network of around 500 offices in 19 countries and territories in Asia Pacific, Europe, and North America. Early this morning (26 October), the Singapore-listed bank has released its business update for the 3rd quarter, and for the first 9 months of FY2023 (ended 30 September). In this post, let us have a look at some of its key financial figures, and financial ratios to find out if they have continued to remain resilient just like in the previous quarters…
CapitaLand Integrated Commercial Trust’s Business Update for Q3 FY2023 – Key Aspects to Take Note of
CapitaLand Integrated Commercial Trust (SGX:C38U), or CICT for short, is Singapore’s first and largest REIT. It invests in retail and office properties, and at the time of writing, its portfolio comprises 21 properties in Singapore, 2 in Frankfurt, Germany, as well as 3 in Sydney, Australia, with a total assets under management of S$24.2 billion. Early this morning (26 October), CICT have made available its business update for the 3rd quarter ended 30 September (i.e., Q3 FY2023), and in this post, you will find the most important aspects to take note of about its latest key financial figures, portfolio occupancy and debt profile…
Mapletree Industrial Trust’s Q2 and 1H FY2023/24 Results: What You Need to Know
Mapletree Industrial Trust (SGX:ME8U) invests in income producing properties used for industrial and data centre purposes, where at the time of writing, its portfolio comprises 85 properties in Singapore, 1 property in Japan, and 56 properties in North America (including 13 data centres held through the joint venture with Mapletree Investments Pte Ltd) valued at S$9.3 billion. After market hours yesterday (25 October), the industrial and data centre REIT have made available its results for the 2nd quarter, as well as for the 1st half of FY2023/24 ended 30 September, and in this post, I will be reviewing its latest financial results, portfolio occupancy and debt profile, as well as its distribution payouts to unitholders…
Frasers Centrepoint Trust’s 2H and FY2022/23 Results – My Review
Frasers Centrepoint Trust (SGX:J69U) is a Singapore-listed REIT that invests predominantly in retail properties – at the time of writing, its portfolio comprises of 10 retail malls located in the various suburban locations in Singapore, as well as 1 office property (also located in Singapore). This morning (25 October), the REIT have made available its results for the 2nd half, as well as for the full-year ended 30 September 2023 (i.e., FY2022/23), and in this post, you will find my review of its financial results, portfolio occupancy and debt profile, as well as its distribution payout to unitholders…
My Review of Mapletree Logistics Trust’s Q2 and 1H FY2023/24 Results
Mapletree Logistics Trust (SGX:M44U) was the first Asia-focused REIT when it was listed on the Main Board of the Singapore Exchange back in July 2005. As the name suggests, it invests in a diversified portfolio of income producing logistics properties. At the time of writing, it has 189 properties in its portfolio with a total assets under management of S$13.3 billion. In this post, you will find my review of the logistics REIT’s results released yesterday evening (24 October), in terms of its latest financial performance, portfolio occupancy and debt profile, along with its distribution payout to unitholders…
Suntec REIT’s Q3 FY2023 Business Update: What You Need to Know
Listed on the Singapore Exchange since December 2004, Suntec REIT (SGX:T82U) invests in income producing real estate properties in Singapore, Australia, as well as in the United Kingdom used for retail and office purposes. Last Friday (20 October) evening, the REIT have made available its business update for the 3rd quarter of the financial year ended 30 September (i.e., Q3 FY2023), and in this post, you will find my review of its key financial figures, portfolio occupancy and debt profile, along with its distribution payout to unitholders…
What You Need to Know about Keppel DC REIT’s Q3 FY2023 Business Update
Asia’s first pure-play data centre REIT in Keppel DC REIT (SGX:AJBU) has just made available its business update for the 3rd quarter of FY2023 after market hours in the evening (16 October). As a unitholder of the data centre REIT, I have studied its latest ‘report card’ and in this post, you will find my review of its key financial figures, as well as its portfolio occupancy and debt profile…
Impact of High Interest Rate Environment on REITs. Are They a Sell?
One of the questions I’m asked by many, in light of the current high interest rate environment, and distribution payouts being negatively impacted, is whether they should divest their investments in the REITs they have. No doubt distribution payout in the near-term is going to be weaker compared to last year, but are they really a sell? The best way for me to explain this is to show you a quick evaluation on the things I look at when I study a REIT’s latest quarter results/business update, which you can find in today’s post…
EC World REIT’s EGM on 07 September 2023: Key Highlights to Take Note
This morning (07 September 2023), EC World REIT (SGX:BWCU) held its EGM to seek unitholders’ approval on the Supplementary Agreement in respect of the Proposed Divestment (including the Long-Stop Date). I have attended the meeting in-person to seek the management’s update, and it was good to see the Chairman, Mr Zhang Guobiao, flying in from China to attend the meeting. He also provided an outlook, to which you can find a summary of, along with CEO Mr Goh Toh Sim’s presentation, responses provided by the management on questions raised by fellow EGM attendees, as well as results of the one resolution put to vote during the meeting…
EC World REIT – Responses to Clarifications Sought on its Q2 and 1H FY2023 Results
Following EC World REIT’s (SGX:BWCU) release of its Q2 and 1H FY2023 results on 11 August 2023, I have raised 4 questions for the REIT’s management – 2 on its portfolio occupancy profile, and 2 on its debt profile. In this post, you will find their responses, which I am sharing in this post with fellow unitholders of the REIT…
