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…
EC World REIT’s EGM on 07 September 2023 – What You Need to Know
EC World REIT (SGX:BWCU) will be holding an EGM on Thursday, 07 September 2023, to seek unitholders’ approval on the supplementary agreement in respect of the proposed divestment of the 2 properties to raise funds required to prepay 25.0% of its borrowings. In this post, you will find my summary of the most important pointers in the circular to unitholders to take note of…
EC World REIT’s Q2 & 1H FY2023 Results – My Review
Currently with 7 properties in its investment portfolio (do note that 2 of them are pending divestment with proceeds used for repayment of its borrowings), EC World REIT (SGX:BWCU) is a China-based REIT listed on the Singapore Exchange which invests in income-producing properties used for e-commerce, supply-chain management, and logistics purposes. Last Friday evening (11 August 2023), it has released its results for the 2nd quarter, and for the 1st half of FY2023, and in this post, you will find my review of its latest financial performance, portfolio occupancy and debt profile, as well as its distribution payout to unitholders…
A Comparison of the 3 Singapore Banks’ Results for Q2 and 1H FY2023
Now that all 3 Singapore-listed banks (in DBS, UOB, and OCBC) have released their results for the 2nd quarter, as well as for the 1st half of FY2023, let us put their results side-by-side to find out which one fared the best in terms of improvements in its financial results, key financial ratios, and dividend payouts to shareholders. Also, in this post, you will find which of the 3 banks are currently the ‘cheapest’, and which is the ‘most expensive’…
