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05-14 10:24

First REIT's 1Q FY25 Result Review

$First Reit(AW9U.SI)$ Basic Profile & Key Statistics Key Indicators Performance Highlight First REIT posted a YoY decline in gross revenue, NPI, distributable income, and DPU. The drop was mainly driven by the depreciation of the Indonesian Rupiah and Japanese Yen against the Singapore Dollar. However, the decline was partially cushioned by stronger rental contributions from its Singapore properties. Related Parties Shareholding REIT Sponsor's Shareholding: Favorable REIT Manager's Shareholding: Favorable Directors of REIT Manager's Shareholding: Moderate Lease Profile Committed Occupancy: Favorable Income Received in SGD/Major Currencies: Less Favorable Highest Annual Lease Expiry in 4 Years: Favorable WALE: Favorable Weighted Average Land
First REIT's 1Q FY25 Result Review
avatarREIT_TIREMENT
05-13 09:55

Stoneweg European REIT's 1Q FY25 Result Review

Basic Profile & Key Statistics Key Indicators Performance Highlight SERT delivered a stable set of results for 1Q 2025. Gross revenue remained largely flat year-on-year, while NPI rose 2.4%, helped by higher income from select properties and a reversal of bad debt provisions in France after two tenants settled their arrears. However, distributable income and indicative DPU fell year-on-year, primarily due to higher borrowing costs. Rental Reversion Portfolio rental reversion stood at +1.7% in the quarter. The logistics and light industrial segment saw a +4.9% uplift, while the office segment recorded a slight -0.6% reversion. Asset Enhancement Initiative and Development Two AEIs/developments are committed for Nove Mesto One Industrial Park 1 and Spennyoor, focusing on space expansion a
Stoneweg European REIT's 1Q FY25 Result Review

Frasers Centrepoint Trust's 1H FY25R Result Review

$Frasers Cpt Tr(J69U.SI)$ Basic Profile & Key Statistics Key Indicators Performance Highlight FCT delivered a stronger YoY performance, with improvements in gross revenue, NPI, distribution from investments, and distribution to unitholders. This was driven by the completion of the AEI at Tampines 1, better overall portfolio performance, and the acquisition of an additional interest in NEX. However, DPU remained flat, largely due to an enlarged unitholder base, lower proportion of management fees paid in units, and the absence of a retention release seen in the previous year. Rental Reversion The retail portfolio achieved a healthy rental reversion of 9%, with Central Plaza reporting an even stronger 10.3%. Shopper Traffic & Tenant Sales
Frasers Centrepoint Trust's 1H FY25R Result Review

Mapletree Pan Asia Commercial Trust's 4Q FY24/25 Result Review

$Mapletree PanAsia Com Tr(N2IU.SI)$ Basic Profile & Key Statistics Key Indicators Performance Highlight MPACT reported a YoY decline in gross revenue, NPI, amount available for distribution, and DPU, mainly due to the divestment of Mapletree Anson in July 2024 and weaker overseas contributions. However, performance was partly cushioned by lower property expenses and steady contributions from VivoCity despite ongoing AEI works. Rental Reversion Portfolio rental reversion for FY24/25 was 3.6%, supported by positive reversions from Singapore properties, while China, Hong Kong and Japan continued to record negative reversions. Shopper Traffic & Tenant Sales At VivoCity, shopper traffic declined marginally by 0.1% YoY, while tenant sales dip
Mapletree Pan Asia Commercial Trust's 4Q FY24/25 Result Review

Mapletree Logistics Trust's 4Q FY24/25 Result Review

$Mapletree Log Tr(M44U.SI)$ Basic Profile & Key Statistics Key Indicators Performance Highlight Mapletree Logistics Trust (MLT) reported a mixed set of results for 4Q FY24/25: Gross revenue and NPI dipped slightly year-on-year, primarily due to lower contributions from China, currency depreciation, and absence of revenue from divested assets. These were partially offset by stronger performance from Singapore, Australia, and Hong Kong SAR, as well as contributions from acquisitions completed in 1Q FY24/25. DPU declined 11.6% YoY to 1.955 cents, impacted by lower NPI, higher borrowing costs, and smaller capital distributions from divestments. Rental Reversion MLT achieved an overall portfolio rental reversion of +5.1% for the quarter. While m
Mapletree Logistics Trust's 4Q FY24/25 Result Review

Parkway Life REIT's 1Q FY25 Result Review

$ParkwayLife Reit(C2PU.SI)$ Basic Profile & Key Statistics Key Indicators Performance Highlight PLIFE delivered a steady performance in 1Q FY25, supported by contributions from acquisitions made in August and December 2024. Gross revenue, NPI, and amount available for distribution grew year-on-year, supported by: Full-quarter contributions from one nursing home in Japan and eleven nursing homes in France Step-up lease arrangements for the Singapore hospital properties However, DPU rose modestly by 1.3% due to an enlarged unitholder base following an equity fundraising exercise. Divestment On 21 April 2025, PLife REIT announced the divestment of its Malaysia portfolio for RM20.09 million (S$6.09 million), which is 4.6% above the average of t
Parkway Life REIT's 1Q FY25 Result Review

Keppel DC REIT's 1Q FY25 Result Review

$Keppel DC Reit(AJBU.SI)$ Basic Profile & Key Statistics Key Indicators Performance Highlight KDC delivered a strong YoY performance for 1Q 2025, with improvements across gross revenue, NPI, finance income, distributable income, and DPU. Key drivers include: Contributions from the acquisition of Keppel DC Singapore 7 & 8 and Tokyo Data Centre 1 in 2024 Positive rental reversions and escalations Higher finance income from the Australia Data Centre Note These gains were partially offset by the divestment of Intellicentre Campus and a one-off dispute settlement in 2024. Finance costs also declined, supported by lower interest rates and savings from loan repayments. Rental Reversion & Divestment KDC recorded a 7% rental reversion in 1Q
Keppel DC REIT's 1Q FY25 Result Review

Mapletree Group's REITs Comparison @ 20 April 2025

$Mapletree Ind Tr(ME8U.SI)$ $Mapletree Log Tr(M44U.SI)$ $Mapletree PanAsia Com Tr(N2IU.SI)$ Below is a comparison using the latest data from comparison tables on S-REITs Comparison page. The most favorable figures are marked in blue and given a +1 score, while the least favorable are in red with a -1 score. The highest score in each category determines the winner. Note that this is a simple comparison without weightage assigned to each figure and this may not be an apple-to-apple comparison as each focuses on a different sector or a different geographical location.  Fundamental Overvie
Mapletree Group's REITs Comparison @ 20 April 2025

Keppel Group's REITs Comparison @ 16 April 2025

$Keppel DC Reit(AJBU.SI)$ $KEPPEL REIT(K71U.SI)$ $KepPacOakReitUSD(CMOU.SI)$ Below is a comparison using the latest data from comparison tables on S-REITs Comparison page. The most favorable figures are marked in blue and given a +1 score, while the least favorable are in red with a -1 score. The highest score in each category determines the winner. Note that this is a simple comparison without weightage assigned to each figure and this may not be an apple-to-apple comparison as each focuses on a different sector or a different geographical location.  Fundamental Overview, Related
Keppel Group's REITs Comparison @ 16 April 2025

Frasers Group's REITs Comparison @ 15 April 2025

$Frasers L&C Tr(BUOU.SI)$ $Frasers HTrust(ACV.SI)$ $Frasers Cpt Tr(J69U.SI)$ Below is a comparison using the latest data from comparison tables on S-REITs Comparison page. The most favorable figures are marked in blue and given a +1 score, while the least favorable are in red with a -1 score. The highest score in each category determines the winner. Note that this is a simple comparison without weightage assigned to each figure and this may not be an apple-to-apple comparison as each focuses on a different sector or a different geographical location.  Fundamental Overview, Rela
Frasers Group's REITs Comparison @ 15 April 2025

CapitaLand Group's REITs/BizTrust Comparison @ 13 April 2025

$CapLand Ascendas REIT(A17U.SI)$ $CapLand Ascott T(HMN.SI)$ $CapLand IntCom T(C38U.SI)$ $CapLand India T(CY6U.SI)$ $CapLand China T(AU8U.SI)$ Below is a comparison using the latest data from comparison tables on S-REITs Comparison page. The most favorable figures are marked in blue and given a +1 score, while the least favorable are in red with a -1 score. The highest score in each category determines the winner. Note that this is a simple comparison without weightage assigned to each figure and this may&n
CapitaLand Group's REITs/BizTrust Comparison @ 13 April 2025

U.S. Office REITs Comparison @ 8 April 2025

$KepPacOakReitUSD(CMOU.SI)$ $Prime US ReitUSD(OXMU.SI)$ $ManulifeReit USD(BTOU.SI)$ Below is a comparison using the latest data from comparison tables on S-REITs Comparison page. The most favorable figures are marked in blue and given a +1 score, while the least favorable are in red with a -1 score. The highest score in each category determines the winner. Note that this is a simple comparison without weightage assigned to each figure.  Image Generated by AIEASE Fundamental Overview, Related Parties Shareholding & Lease Profile: Debt Profile, Diversification Profile & Key Finan
U.S. Office REITs Comparison @ 8 April 2025

Singapore Retail Focused REITs Comparison @ 6 April 2025

$Frasers Cpt Tr(J69U.SI)$ $CapLand IntCom T(C38U.SI)$ $Lendlease Reit(JYEU.SI)$ $StarhillGbl Reit(P40U.SI)$ $PARAGON REIT(SK6U.SI)$ Below is a comparison using the latest data from comparison tables on S-REITs Comparison page. The most favorable figures are marked in blue and given a +1 score, while the least favorable are in red with a -1 score. The highest score in each category determines the winner. Note that this is a simple comparison without weightage assigned to each figure.  Image Generated
Singapore Retail Focused REITs Comparison @ 6 April 2025

Hospitality Trusts Comparison @ 3 Apr 2025

$CapLand Ascott T(HMN.SI)$ $Far East HTrust(Q5T.SI)$ $Frasers HTrust(ACV.SI)$ $CDL HTrust(J85.SI)$ $Acro HTrust USD(XZL.SI)$ Below is a comparison using the latest data from comparison tables on S-REITs Comparison page. The most favorable figures are marked in blue and given a +1 score, while the least favorable are in red with a -1 score. The highest score in each category determines the winner. Note that this is a simple comparison without weightage assigned to each figure.  Image Generated by AIEASE Fu
Hospitality Trusts Comparison @ 3 Apr 2025

Singapore Office Focused REITs Comparison @ 1 April 2025

$Suntec Reit(T82U.SI)$ $Mapletree PanAsia Com Tr(N2IU.SI)$ $KEPPEL REIT(K71U.SI)$ $OUEREIT(TS0U.SI)$ Below is a comparison using the latest data from comparison tables on S-REITs Comparison page. The most favorable figures are marked in blue and given a +1 score, while the least favorable are in red with a -1 score. The highest score in each category determines the winner. Note that this is a simple comparison without weightage assigned to each figure.  Image Generated by AIEASE Fundamental Overview, Related Parties Shareholding & Lease Prof
Singapore Office Focused REITs Comparison @ 1 April 2025

European Office Focused REITs Comparison @ 27 March 2025

$EliteComREIT GBP(MXNU.SI)$ $IREIT Global SGD(UD1U.SI)$ $Stoneweg Reit EUR(CWBU.SI)$ $Cromwell Reit SGD(CWCU.SI)$ $IREIT Global EUR(8U7U.SI)$ Below is a comparison using the latest data from comparison tables on S-REITs Comparison page. The most favorable figures are marked in blue and given a +1 score, while the least favorable are in red with a -1 score. The highest score in each category determines the winner. Note that this is a simple comparison without weightage assigned to each figure.  Image Gener
European Office Focused REITs Comparison @ 27 March 2025

Industrial REITs Comparison - Part 2 @ 25 March 2025

$AIMS APAC Reit(O5RU.SI)$ $Stoneweg Reit EUR(CWBU.SI)$ $DigiCore Reit USD(DCRU.SI)$ $Sabana Reit(M1GU.SI)$ $ESR-REIT(J91U.SI)$ Below is a comparison using the latest data from comparison tables on S-REITs Comparison page. The most favorable figures are marked in blue and given a +1 score, while the least favorable are in red with a -1 score. The highest score in each category determines the winner. Note that this is a simple comparison without weightage assigned to each figure.  Image Generated by AIEASE
Industrial REITs Comparison - Part 2 @ 25 March 2025

Industrial REITs Comparison - Part 1 @ 23 March 2025

$Mapletree Ind Tr(ME8U.SI)$ $Keppel DC Reit(AJBU.SI)$ $CapLand Ascendas REIT(A17U.SI)$ $Frasers L&C Tr(BUOU.SI)$ Below is a comparison using the latest data from comparison tables on S-REITs Comparison page. The most favorable figures are marked in blue and given a +1 score, while the least favorable are in red with a -1 score. The highest score in each category determines the winner. Note that this is a simple comparison without weightage assigned to each figure.  Image Generated by AIEASE Fundamental Overview, Related Parties Shareholding &
Industrial REITs Comparison - Part 1 @ 23 March 2025

Logistics Focused REITs Comparison @ 20 March 2025

$AIMS APAC Reit(O5RU.SI)$ $Mapletree Log Tr(M44U.SI)$ $Daiwa Hse Log Tr(DHLU.SI)$ $ESR-REIT(J91U.SI)$ $EC World Reit(BWCU.SI)$ Below is a comparison using the latest data from comparison tables on S-REITs Comparison page. The most favorable figures are marked in blue and given a +1 score, while the least favorable are in red with a -1 score. The highest score in each category determines the winner. Note that this is a simple comparison without weightage assigned to each figure.  Image Generated by AI
Logistics Focused REITs Comparison @ 20 March 2025

Data Centre Focused REITs Comparison @ 16 March 2025

$Keppel DC Reit(AJBU.SI)$ $Mapletree Ind Tr(ME8U.SI)$ $DigiCore Reit USD(DCRU.SI)$ Below is a comparison using the latest data from comparison tables on S-REITs Comparison page. The most favorable figures are marked in blue and given a +1 score, while the least favorable are in red with a -1 score. The highest score in each category determines the winner. Note that this is a simple comparison without weightage assigned to each figure.  Image Generated by AIEASE Fundamental Overview, Related Parties Shareholding & Lease Profile: Debt Profile, Diversification Profile & Key F
Data Centre Focused REITs Comparison @ 16 March 2025

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