CapitaLand Ascott Trust (CLAS) achieved a 12 percent year-on-year increase in gross profit during the first six months of the year, with the hospitality trust’s managers attributing the Singapore-listed REIT’s improved performance to sustained demand for accommodation and rising room… Read More>>
Gordon Tang Family Set to Take Over as ARA US Hospitality REIT Sponsor From ESR
Mysterious mainland investor Gordon Tang and his wife Celine are set to expand their empire of Singapore real estate companies with the Tang family set to take control of the manager of ARA US Hospitality Trust at the same time… Read More>>
Activist Investor Admits Errors in Sabana REIT Manager Fight in Settlement with ESR
Activist investor Quarz Capital, which last year helped persuade investors in SGX-listed Sabana REIT to internalise the trust’s manager, now admits that the cost savings estimates it used to sell that campaign to investors were “incorrect and an error”.
Having… Read More>>
Manulife US REIT CEO Tripp Gantt to Depart in June
Tripp Gantt is stepping down as CEO of Singapore-listed Manulife US REIT, with a veteran of asset manager DWS set to succeed him in a dual role of chief executive and chief investment officer at the loss-making office trust.
Gantt… Read More>>
Digital Core REIT Upping Stake in Frankfurt Data Centre to 49.9% With $129M Buy
Digital Core REIT will exercise its option to acquire a further 24.9 percent interest in a Frankfurt data centre from its sponsor, US server-hosting giant Digital Realty, for €117 million ($128.7 million), bringing the Singapore-listed trust’s stake in the German… Read More>>
Singapore’s Keppel REIT in Talks to Buy Half-Stake in Sydney Tower From Mirvac
Keppel REIT continues to ramp up its presence Down Under with the Singapore-listed trust now in talks to buy into an office tower near Sydney’s Circular Quay owned by a Mirvac fund, according to market sources.
Keppel REIT is in… Read More>>
CICT Distributable Income Rises 1.9% as Conservative Approach Yields Results
CapitaLand Integrated Commercial Trust posted second-half distributable income of S$362.5 million, up 2.1 percent year-on-year, bringing the REIT’s full-year payout to S$715.7 million ($532 million), up 1.9 percent.
Singapore-listed CICT’s distribution per unit for 2023 was 10.75 Singapore cents, up… Read More>>
Keppel REIT Posts 2% DPU Drop as Borrowing Costs Rise, Interest Income Slumps
Singapore-listed Keppel REIT posted a 2 percent drop in distribution per unit for 2023 as borrowing costs jumped 16 percent and interest income plunged 70.9 percent.
Full-year net property income rose 3.7 percent to S$182.4 million ($136.2 million), boosted by… Read More>>
Frasers Centrepoint Trust Reports 99.9% Retail Occupancy as Foot Traffic, Sales Rise
Frasers Centrepoint Trust’s latest update paints a picture of robust health in Singapore’s retail sector, with the REIT reporting committed occupancy of 99.9 percent across its nine-asset mall portfolio amid rising foot traffic and store sales.
Committed occupancy during the… Read More>>
Manulife US REIT Inks Restructuring Deal After Winning Investor, Lender Approval
Manulife US REIT (MUST) signed a master restructuring agreement with its sponsor and creditors on Monday to avoid defaulting on $1.18 billion in debt.
MUST said in a regulatory filing that all 12 of its lenders approved the restructuring which… Read More>>
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