Real Estate Investment Trusts (REITs)

Frasers Centrepoint Trust (SGX: J69U): FY2024/25 Annual Report Summary

Frasers Centrepoint Trust (SGX: J69U), or FCT, is Singapore’s largest suburban retail mall REIT with 10 properties in its portfolio (9 retail malls and 1 office property) worth approximately S$8.3 billion. In late-December, FCT published its latest annual report for FY2024/25 ended 30 September 2025, to which you’ll find a summary to in this post, together with details of its upcoming AGM…

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Understanding Headwinds Faced by Mapletree Industrial Trust’s North American Data Centres: Insights from my Discussion with the REIT’s Investor Relations

One of the concerns I have regarding Mapletree Industrial Trust’s (SGX: ME8U) latest 2Q & 1H FY2025/26 results is the continued weakness in the occupancy rates of its properties in North America. With that in mind, I’ve decided to write in to the Investor Relation (IR) team to seek clarification about it, and they have kindly initiated an e-meet to address it directly. In this post, you’ll find a summary of my 45-minute discussion with the REIT’s IR team on the situation and how the management is approaching the issue moving forward. On top of that, I’ve also asked about Mapletree Rosewood Data Centre Trust (MRODCT) which the REIT holds a 50% interest with its Sponsor, and also about the spike in borrowings at fixed rate (which was at a high of 92.9% as at end of 30 September 2025)…

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EC World REIT: Key Highlights from its 3Q and 9M FY2025 Results

Listed on the Singapore Exchange, but with all of its investments in China, EC World REIT (SGX: BWCU) has an investment focus on properties used for e-commerce and port logistics, with its portfolio currently comprising of 7 properties in the country. Trading of the REIT’s units continue to remain suspended at this juncture. Earlier this evening (13 November), it has released results for 3Q and 9M FY2025, and in this post, you’ll find my review of its latest financial figures, along with its portfolio occupancy and debt profile…

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What Should Investors Know from CapitaLand Ascendas REIT’s 3Q and 9M FY2025 Business Updates

Singapore’s first and largest business space and industrial REIT, CapitaLand Ascendas REIT (SGX: A17U), or CLAR for short, has an investment focus on technology and logistics properties in developed markets. Currently, its portfolio comprises 228 properties in Singapore, the United States, Australia, as well as in the United Kingdom/Europe, valued at S$17.7 billion. Last Friday (31 October), CLAR released its business update for the 3rd quarter, as well as for the first 9 months of FY2025, and in this post, you’ll find my review of its latest portfolio occupancy and debt profile…

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Key Takeaways from CapitaLand India Trust’s 3Q and 9M FY2025 Business Update

CapitaLand India Trust (SGX: CY6U), or CLINT for short, invests primarily in business space properties (including completed assets, land acquisitions, and ongoing developments intended for such use) in key cities in India. Currently, its portfolio comprises of 10 IT business parks, 3 industrial facilities, 1 logistics park, and 4 data centre developments with a total value of S$3.7 billion. Last Friday (31 October) morning, CLINT released its business update for the 3rd quarter, as well as for the first 9 months of FY2025, and in this post, you’ll find my review of its latest financial figures, portfolio occupancy and debt profile…

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Mapletree Industrial Trust’s 2Q and 1H FY2025/26 Results: A Review of its Financial Figures, Portfolio Occupancy and Debt Profile, and Distribution Payout

Mapletree Industrial Trust (SGX: ME8U), or MIT, has an investment focus on industrial and data centre properties. Currently, its portfolio comprises 55 properties in North America, 79 properties in Singapore, and 2 properties in Japan, with a total value of S$8.5 billion. The Singapore-listed REIT have just released its results for 2Q & 1H FY2025/26 yesterday evening (29 October), and in this post, you’ll find my review of its latest financial figures, portfolio occupancy and debt profile, as well as its distribution payout to unitholders…

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A Review of Mapletree Logistics Trust’s 2Q and 1H FY2025/26 Results

Mapletree Logistics Trust (SGX: M44U), or MLT, has an investment focus in logistics properties in the Asia Pacific region. Currently, its portfolio comprises 175 properties in Singapore, Australia, China, Hong Kong, India, Japan, Malaysia, South Korea, and Vietnam worth S$13.0 billion. Last evening (28 October), the REIT released its results for the 2nd quarter, as well as for the 1st half of the financial year ended 30 September (i.e., 1H FY2025/26), and in this post, you will find my review of its latest financial figures, portfolio occupancy and debt profile, along with its distribution payout to unitholders…

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CapitaLand Integrated Commercial Trust’s 3Q & 9M FY2025 Business Update: How Did Singapore’s Largest REIT Perform?

Singapore, as well as Asia’s largest REIT, CapitaLand Integrated Commercial Trust (SGX: C38U), or CICT for short, invests in retail and office properties, most of them located in the home country. As of 31 December 2024, CICT’s portfolio comprises 21 properties in Singapore, 2 in Germany, and 3 in Australia, with a total portfolio value of S$25.9 billion. This morning (28 October), the REIT released its 3rd quarter and 9M FY2025 business update, and in this post, you’ll find my review of its latest set of financial figures, along with its portfolio occupancy and debt profile…

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Suntec REIT’s 3Q FY2025 Business Update: Key Highlights for Investors

Suntec REIT (SGX: T82U) has an investment focus on commercial properties used primarily for retail or office purposes. Currently, the properties in its portfolio are located in Singapore, Australia (Sydney, Melbourne, and Adelaide), as well as in the United Kingdom (London). Last evening (23 October), the REIT released its business update for the 3rd quarter, as well as for the first 9 months of the financial year ended 30 September (9M FY2025), and in this post, you’ll find my review of its latest financial figures, portfolio occupancy and debt profile, as well as its distribution payout to unitholders…

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Frasers Centrepoint Trust’s Performance Review for 2H & FY2024/25

Frasers Centrepoint Trust (SGX: J69U), or FCT, is Singapore’s largest suburban retail REIT, with its portfolio comprising a total of 9 retail assets scattered across the various heartland locations in the country, plus 1 office property, valued at S$8.3 billion. This morning (23 October 2025), FCT released its results for the 2nd half, as well as for the full year ended 30 September 2025 (i.e., FY2024/25), and in this post, you’ll find my review of its latest financial figures, portfolio occupancy and debt profile, as well as its distribution payout to unitholders…

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