Frasers Centrepoint Trust (SGX: J69U) invests mainly in retail malls located in the various suburban locations in Singapore. As of 30 September 2024, its portfolio comprises 9 retail malls and 1 office property worth S$7.1 billion. This morning (25 October 2024), the Singapore-listed REIT released its financial results for the 2nd half, as well as for the full year ended 30 September 2024 (i.e., FY2023/24), and in this post, you will find my review of its financial performance, portfolio occupancy and debt profile, as well as its distribution payout to unitholders…
Mapletree Pan Asia Commercial Trust’s Q2 and 1H FY2024/25 Results: What You Need to Know
Mapletree Pan Asia Commercial Trust (SGX: N2IU), or MPACT for short, invests in commercial properties in key gateway cities in Asia (including but not limited to Singapore, Hong Kong, China, Japan, and South Korea). As of 30 September 2024, its portfolio comprises 17 properties in 5 countries with a total asset under management of S$15.5 billion. Yesterday (24 October) evening, MPACT released its results for the 2nd quarter and 1st half of FY2024/25, and you can find my review of its latest financial figures, portfolio occupancy and debt profile, as well as its distribution payout to unitholders in this post…
Suntec REIT’s Q3 and 9M FY2024 Business Update: Key Aspects to Take Note of
Yesterday evening (24 October 2024), Suntec REIT (SGX: T82U), with retail and office properties in Singapore, Australia, and the United Kingdom, released its business update for the 3rd quarter, as well as for the first 9 months of FY2024 ended 30 September. In this post, you will find a review of its latest financial figures, portfolio occupancy and debt profile, as well as its distribution payout to unitholders…
CapitaLand India Trust’s Q3 FY2024 Business Update: What You Need to Know
CapitaLand India Trust (SGX: CY6U), or CLINT for short, invests in properties in India. As of 30 June 2024, its portfolio comprises 10 world class IT business parks, 1 logistics park, 3 industrial facilities, and 4 data centres in the country. Earlier this evening (24 October), the business trust released its business update for the 3rd quarter of FY2024, and in this post, you will find my review of its key financial figures, along with its portfolio occupancy and debt profile…
A Look into Mapletree Logistics Trust’s Q2 & 1H FY2024/25 Results
Mapletree Logistics Trust (SGX: M44U), or MLT for short, focuses on investing in logistics properties in Asia. As of 30 September 2024, its portfolio comprises 186 properties in 9 countries valued at S$13.4 million. Yesterday evening (22 October), the logistics REIT released its results for the 2nd quarter, as well as for the 1st half of FY2024/25, and you will find a review of its latest financial figures, portfolio occupancy and debt profile, as well as its distribution payout to unitholders…
Manulife US REIT: What Investors Need to Know Now
Manulife US REIT (SGX: BTOU), commonly known as MUST, focuses on investing in office properties across the US. As of 31 December 2023, its portfolio consists of 10 freehold properties with a total valuation of US$1.4 billion. Currently, its unit price has plunged by close to 90% from a peak of US$1.08 in January 2020. With interest rate cuts expected and more US companies calling employees back to the office, could this be the right time to reconsider the REIT? In this post, you will find all the key information you need about this Singapore-listed REIT, including its business operations, financial performance, distribution payouts, portfolio occupancy, and debt profile over the past 5 years…
The Essentials of Keppel Pacific Oak US REIT You Need to Know
Keppel Pacific Oak US REIT (SGX: CMOU), commonly known as KORE, focuses on investing in office properties across the United States. Its current portfolio consists of 13 freehold office buildings and business campuses located in 8 key growth markets, valued at US$1.36 billion. Since its peak trading price of US$0.87 in 2018, the REIT’s unit price has plummeted nearly 70%, prompting the question of whether it is worth revisiting at this point. In this post, I will be covering everything you need to know about KORE, including its business operations, financial performance, distribution payouts, portfolio occupancy, and debt profile over the past 5 years…
Key Takeaways from the 9th Annual REITs and Real Estate Investment Summit 2024
The Singaporean Investor had the honour of being an official media partner for the 9th Annual REITs and Real Estate Investment Summit 2024, held yesterday (03 October 2024). The event focused on the theme, ‘Profiting through Sustainable Technology and the Net Zero Imperative.’ In this post, you will find some of the key takeaways from the presentations and panel discussions, which I hope will offer you valuable insights into the significance of sustainability…
Prime US REIT: A 4-Year Financial Performance Breakdown and Insights from Management
Prime US REIT (SGX: OXMU) focuses on investing in office properties located in major office markets across the United States. As of 30 June 2024, its portfolio consists of 13 Class A freehold office properties spread across 12 key office markets in the country. Last week, I had the privilege of meeting with the REIT’s CFO and VP of Investor Relations to gain deeper insights into the REIT. I also took the opportunity to address some of the pressing concerns raised by retail investors. In this post, I will share the key takeaways from the meeting, along with a review of its 4-year financial performance, portfolio occupancy, debt profile, and distribution payout to unitholders…
5 Singapore REITs Poised to Benefit from US Federal Reserve’s Interest Rate Cuts
A high interest rate environment negatively impacts REITs, as they rely heavily on borrowings to fund acquisitions and asset enhancement initiatives. Last Wednesday (18 September 2024), we have seen the US Federal Reserve embarking on the first rate cut in 4 years by 0.5%, with more cuts in the pipeline in the coming Fed meetings. With that, lower financing costs could lead to a gradual recovery in distribution payouts to unitholders. That said, not all REITs will recover at the same pace – those with a higher proportion of borrowings at floating rates are likely to benefit first. In this post, you will find 5 Singapore REITs with the highest percentage of borrowings at floating rates, along with highlights of their latest financial performance…
