Real Estate Investment Trusts (REITs)

My Analysis of Frasers Centrepoint Trust’s Q1 FY2023/24 Business Update

Frasers Centrepoint Trust (SGX:J69U) is one of the few Singapore-listed REITs that have all of its properties located in the country (making it a popular choice for investors whose preference is to invest in REITs that only invest in Singapore properties). Currently, its portfolio comprises 9 retail properties and 1 office property – all of them located in the various suburban locations in Singapore. Last evening (22 January 2024), the REIT released its business update for the 1st quarter of FY2023/24 ended 31 December 2024. In this post, you will find my analysis of its latest portfolio occupancy and debt profile numbers…

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A Summary of Frasers Centrepoint Trust’s Annual Report for FY2022/23

Following the conclusion of its financial year on 30 September, Frasers Centrepoint Trust (SGX:J69U) released its annual report for the FY2022/23 this morning (22 December). In this post, you will find my summary of the report, together with details about its upcoming AGM…

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The Impact of Online Shopping, Work from Home, and High Interest Rates on the Singapore REIT Industry

The first REIT was listed on the Singapore Exchange back in 2002. Since then, there are now more than 40 REITs for retail investors to choose from. These REITs are popular among retail investors for its high distribution yield (between 5-6% on average). However, the Covid-19 pandemic back in 2020 saw new habits being formed, including online shopping and working from home (which disrupted the retail and office industries respectively). Coupled with the current high interest rate environment (with interest rates set to stay higher for longer due to the stubbornly high inflation), many retail investors are concerned about the viability of REITs as an investment option to build their income portfolio. In today’s post, you can find my personal opinion on each of these concerns…

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EC World REIT’s Q3 and 9M FY2023 Results: What You Need to Know

EC World REIT (SGX:BWCU) is a China-based REIT which invests in e-commerce and port logistics properties located in the country. Trading for the REIT is voluntarily suspended since end-August, and troubles are mounting with every passing month due to cashflow problems. You can read more about it in this post, together with the essential about the REIT’s latest results released last evening (07 November), particularly its latest financial performance, portfolio occupancy, and its debt profile…

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Key Highlights from CapitaLand Ascendas REIT’s Q3 FY2023 Business Update

Singapore’s first and largest listed business space and industrial REIT in CapitaLand Ascendas REIT (SGX:A17U), or CLAR for short, have made available its business update for the 3rd quarter of FY2023 (ended 30 September) after market hours today (27 October). No financial figures were reported as the REIT have switched to half-yearly reporting. It only made available its portfolio occupancy and debt profile in its business update – both of which we will be looking at in today’s post…

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Mapletree Pan Asia Commercial Trust’s Q2 and 1H FY2023/24 Results: My Review

Mapletree Pan Asia Commercial Trust (SGX:N2IU), or MPACT for short, invests in income producing properties used for retail and office purposes. At the time of writing, its portfolio comprises 18 properties located in 5 key gateway cities in Asia – 5 in Singapore, 1 in Hong Kong, 2 in China, 9 in Japan, and 1 in South Korea, valued at S$16.6 billion. After market hours yesterday (26 October), MPACT released its results for the 2nd half, and for the 1st half of FY2023/24 ended 30 September, and in this post, you will find my review of its latest financial results, portfolio occupancy and debt profile, as well as its distribution payout to unitholders…

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The Essentials You Need to Know from CapitaLand India Trust’s Q3 FY2023 Business Update

CapitaLand India Trust (SGX:CY6U), or CLINT for short, is the first Indian property trust in Asia. At the time of writing, its portfolio comprises 9 world-class IT business parks, 1 logistics park, 1 industrial facility, and 4 data centre developments in India, with a total assets under management of S$2.7 billion. This evening (26 October), it has made available its business update for the 3rd quarter of FY2023 ended 30 September, and in this post, you can find the essentials you need to take note of relating to its key financial figures, as well as its portfolio occupancy and debt profile…

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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…

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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…

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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…

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