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REIT Watch - 17 S-Reits reporting earnings during the week

Schedule of S-REITs & Property Trusts’ Earnings or Business Updates

Company	Release date	Release time	Period	Type
$SABANA INDL REIT(SBBSF)$	19-Jul	Released	Half Year	Financial Results
$KEPPEL DC REIT(AJBU.SI)$	24-Jul	After Market	Half Year	Financial Results
$Frasers Centrepoint Trust(FRZCF)$	25-Jul	After Market	3Q	Business Update
$KEPPEL REIT(K71U.SI)$	25-Jul	After Market	Half Year	Financial Results
$MAPLETREE LOGISTICS TRUST(M44U.SI)$	25-Jul	After Market	1Q	Financial Results
$ESR LOGOS REIT(CGIUF)$	26-Jul	Before Market	Half Year	Financial Results
$KEPPEL PAC OAK US REIT(KEPPF)$	26-Jul	After Market	Half Year	Financial Results
$Mapletree Industrial Trust(MAPIF)$	26-Jul	After Market	1Q	Financial Results
$OUE COMMERCIAL REIT(TS0U.SI)$	26-Jul	After Market	Half Year	Financial Results
$PARKWAYLIFE REIT(C2PU.SI)$	26-Jul	Before Market	Half Year	Financial Results
$SUNTEC REAL ESTATE INV TRUST(T82U.SI)$	26-Jul	Before Market	Half Year	Financial Results
$AIMS APAC REIT(O5RU.SI)$	27-Jul	Before Market	1Q	Financial Results
CapitaLand Ascott Trust	27-Jul	After Market	Half Year	Financial Results
CapitaLand China Trust	27-Jul	Before Market	Half Year	Financial Results
Digital Core REIT	27-Jul	After Market	Half Year	Financial Results
$STARHILL GLOBAL REIT(P40U.SI)$	27-Jul	After Market	Full Year	Financial Results
$CDL HOSPITALITY TRUSTS(J85.SI)$	28-Jul	Before Market	Half Year	Financial Results
Far East Hospitality Trust	28-Jul	Before Market	Half Year	Financial Results
CapitaLand Ascendas REIT	31-Jul	After Market	Half Year	Financial Results
CapitaLand India Trust	31-Jul	Before Market	Half Year	Financial Results
$Mapletree PanAsia Com Tr(N2IU.SI)$	31-Jul	After Market	1Q	Financial Results
$CapLand IntCom T(C38U.SI)$	1-Aug	Before Market	Half Year	Financial Results
First REIT	1-Aug	Before Market	Half Year	Financial Results
$FRASERS LOGISTICS & Commercial Trust(FRLOF)$	1-Aug	After Market	3Q	Business Update
$Daiwa Hse Log Tr(DHLU.SI)$	3-Aug	Before Market	Half Year	Financial Results
$IREIT GLOBAL(UD1U.SI)$	3-Aug	After Market	Half Year	Financial Results
$FRASERS HOSPITALITY TRUST(ACV.SI)$	4-Aug	After Market	3Q	Business Update
$Lendlease Global Commercial REIT(JYEU.SI)$	7-Aug	After Market	Full Year	Financial Results
$Lippo Malls Indonesia Trust(LPMDF)$	8-Aug	After Market	Half Year	Financial Results
$Prime US ReitUSD(OXMU.SI)$	8-Aug	After Market	Half Year	Financial Results
$SASSEUR REIT(CRPU.SI)$	11-Aug	Before Market	Half Year	Financial Results
$UNITED HAMPSHIRE US REIT MGMT PTE LTD(UNHRF)$	12-Aug	NA	Half Year	Financial Results
$CROMWELL EUROPEAN REAL ESTATE INVT TR.(CRMWF)$	14-Aug	NA	Half Year	Financial Results

Source: Company announcements extracted as of 21 Jul 2023 before market opens. List above is based on trusts that have announced.

$SABANA INDL REIT(SBBSF)$ kicked off the financial reporting season for S-Reits last week with the release of its first half (H1) FY2023 (ended Jun 30, 2023) financial results.

Sabana Reit saw H1 2023 gross revenue rise by 23.2 % year on year (yoy) to S$55.3 million and net property income (NPI) increase by 0.5 % yoy to S$27.2 million.

Revenue growth was largely driven by higher portfolio occupancy rate while NPI was offset by higher property expense including higher utility costs.

As a result, the total distributable amount to unitholders for H1 2023 was S$17.8 million, 3.9 % higher yoy, while distribution per unit rose by 1.3 % to 1.61 Singapore cents.

Sabana Reit reported a higher overall occupancy rate of 93.9 % as at Jun 30, 2023, representing a 2.6 percentage point growth compared with the occupancy rate of 91.3 % a year ago.

It also achieved record rental reversions of 27.1 % and 20.1 % for Q2 2023 and H1 2023, respectively.

Sabana Reit’s manager noted that the improvement in occupancy rate was underpinned by the strong leasing momentum backed by robust demand from third-party logistics providers in the first half of the year.

However, the Reit maintained a cautious outlook and cited macro-economic challenges going into the second half of 2023 as well as the drop in occupancy rates across Singapore’s industrial property market.

According to JTC, overall occupancy rate for Singapore’s industrial property market fell 0.6 percentage point in Q1 2023 compared with the previous quarter.

This was due to new completions in Q1 2023, and as new supply continues to exceed new demand.

This coming week, another 17 S-Reits and property trusts will be releasing their earnings or business updates for the period ended Jun 30, 2023.

This will be followed by another 15 S-Reits that will be submitting their reports between Jul 31, 2023 and the middle of August.

Thank you for patience! Hope it can be helpful to your investment!

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REIT Watch - 17 S-Reits reporting earnings during the week

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