Overview of the Markets Global equity markets have shown mixed performance as investors weigh interest rate trends, inflation data, and sector-specific developments. In Singapore, the real estate investment trust (REIT) sector has been a focal point, driven by divestment strategies and financial repositioning moves. Paragon REIT’s $PARAGON REIT(SK6U.SI)$  announcement of selling its Australian shopping center stake highlights an ongoing trend of asset optimization, reflecting a broader strategy among REITs to fortify balance sheets amidst a rising interest rate environment. Segment 1: Singapore's REIT Market—Reshaping for Stability Paragon REIT’s A$192 million sale of its stake in Figtree Grove signals a prudent step to streamline its port

Overview of Market Sentiment The commercial real estate market is showing signs of resilience, with Lendlease Global Commercial REIT’s $Lendlease Reit(JYEU.SI)$  recent occupancy improvement serving as a positive signal. The REIT’s slight increase in committed occupancy for Q1, ending September 30, suggests demand in specific segments, especially in Europe. This news could provide a modest lift in investor confidence in REITs, particularly those with well-diversified portfolios and international exposure. The broader market is currently characterized by cautious optimism. Global real estate markets are still navigating through the challenges of economic recovery, inflationary pressures, and fluctuating intere

Overview of Overall Markets Global markets remain mixed as investors assess inflationary pressures and central banks' next steps on interest rates. U.S. markets exhibit caution due to ongoing Federal Reserve commentary, while Asian equities display resilience amid corporate earnings season. Singapore's REIT sector garners attention with Keppel DC REIT $Keppel DC Reit(AJBU.SI)$   completing an upsized private placement, marking a notable development in the region's property investment landscape. Keppel DC REIT's Upsized Placement: What Happened? Keppel DC REIT successfully concluded its private placement, issuing 334.9 million new units priced at S$2.09 each, raising approximately S$1.1 billion — exceedin

Market Overview The overall market sentiment has been cautious amid rising interest rates and global economic uncertainties. Investors are paying close attention to sectors like real estate investment trusts (REITs) and hospitality trusts, which are sensitive to economic fluctuations and changes in borrowing costs. In this context, Frasers Hospitality Trust's $Frasers HTrust(ACV.SI)$   recent announcement of a slight decrease in distribution per stapled security (DPS) underscores the impact of higher finance costs and tax expenses on returns, despite positive revenue performance. This scenario calls for strategic investment thinking to maximize potential benefits. Segment Analysis 1. Hospitality Sector Resilience The hospitality sector

$Frasers L&C Tr(BUOU.SI)$   https://sporeshare.blogspot.com/2024/10/frasers-l-tr-she-needs-to-overcome.html Frasers L&C Tr - She needs to overcome the recent high of 1.19 and 1.21 price level in order to rise up further towards 1.30! Beyond 1.30, we may see her rising up to test 1.40 than 1.45. Pls dyodd. 30th September 2024: Frasers L&C tr - She is rising up to retest the recent high 0f 1.19. A nice breakout of 1.20 with ease, we may see her rising up further towards 1.30. Beyond 1.30, we may see her testing 1.37. Pls dyodd. 26th September 2024: Frasers L&C Tr - She may rise up to re-attempt 1.19. A breakout smoothly plus good volume we may see her rising up further towards 1.30 and above! NAV is about 1.16. Yield is

$ParkwayLife Reit(C2PU.SI)$ Basic Profile & Key Statistics Key Indicators Performance Highlight Gross revenue and NPI declined slightly YoY, primarily due to the depreciation of the Japanese Yen. However, the amount available for distribution and DPU have improved YoY due to higher foreign exchange gains from the Japanese Yen forward contracts settlement. Acquisition On 30 July, PLIFE announced the acquisition of a nursing home in Osaka, funded by JPY debts. This acquisition is expected to be completed in Q3. Related Parties Shareholding The REIT sponsor and directors of the REIT manager hold a relatively high proportion of shares. However, the REIT manager holds a relatively low proportion. Lease Profile The committed occupancy is high and

SG REITs July 2024 Monthly Review Source: JPM, as of 20240801. For illustration purpose only, not to be construed as recommendation to buy/sell the above-mentioned securities. Past performance is not indicative of future performance. SREITs to BUY on Anticipated Rate Cut Singapore REITs 2H24 Outlook with Colliers Source: JPM, as of 20240714. For illustration purpose only, not to be construed as recommendation to buy/sell the above-mentioned securities. Past performance is not indicative of future performance. $CSOP S-REITs INDEX ETF(SRT.SI)$ Performance Source: CSOP, Bloomberg, performance as of 20240731 unless otherwise specified. * Pro rata of annual TER (60bp) is added back to ETF based on actual days/365. For illustration purpose only, not t

Cooler inflation prints have raised the probability of a September rate cut Regional REITs have seen gains in July Furthermore, SREITs outperformed relative to regional REITs as it increased 5.4% m/m in July The gains were mostly attributable to REITs with riskier capital management due to 2 main developments during the month Fed Chair Powell putting September rate cuts on the table at the July FOMC meeting MAS proposal to raise gearing to 50% and establish a single ICR floor of 1.5x for all SREITs DBS’s observation of 2Q24’s earnings results as it is still ongoing SG business parks remains soft though SREITs business park occupancies are at >80% (higher than submarket average of ~70%) Hotel RevPAR softer-than-anticipated as there was short-term supply overhang in Orchard and CBD area (

$CapLand Ascendas REIT(A17U.SI)$   https://sporeshare.blogspot.com/2024/08/capitaland-ascendas-reit-she-is-rising.html  CapitaLand Ascendas REIT - She is rising up to test 2.70 ! A nice breakout smoothly we may see her rising up further towards 2.80 and above! Next, 2.83 with extension to 2.90 to 2.96. Pls dyodd. 1st August 2024 update: CapitaLand Ascendas - She had a nice breakout today at 2.75 looks rather bullish and may likely continue to rise up further towards 2.83 than 2.90 and 2.97. 30th July 2024: CapitaLand Ascendas - 1st Half Results is out! Gross Revenue is up 7.2 percent to 770m versus 718m. NPI is up 3.9 percent to 528m. Distribution income is up 1 percent to 331m. Dpu is down marginally 2.5 percent due to larger no

With talks of interest rates possibly heading south, REITs are starting to look pretty good again. Lower rates mean cheaper borrowing costs for these guys, which can boost their profits and those sweet dividend payouts. Plus, property values tend to rise when rates drop, so that's another potential win. Data center REITs are especially hot right now. The cloud ain't going anywhere, and these guys own the buildings that make it all happen. It's a pretty solid long-term play, especially if rates start to cool down. Of course, not all REITs are created equal. Location, quality of properties, and management skills still matter. Anyone else excited about the potential of REITs, especially data center ones, in this changing interest rate environment$Kepp