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05-03 09:04

Mapletree Pan Asia Commercial Trust's 4Q FY23/24 Result Review

$Mapletree PanAsia Com Tr(N2IU.SI)$ Basic Profile & Key Statistics Key Indicators Performance Highlight Gross revenue and NPI improved YoY due to better performance from Singapore properties. The amount available for distribution and DPU have improved YoY due to improved NPI, higher forex gain and lower tax expenses. Rental Reversion Portfolio rental reversion is at 2.9%.  Shopper Traffic & Tenant Sales In the latest quarter, both shopper traffic and tenant sales have seen improvement for VivoCity. However, Festival Walk experienced a decline in both shopper traffic and tenant sales.  Related Parties Shareholding The sponsor and manager hold a relatively high number of shares. Lease Profile WALE is short and the income
Mapletree Pan Asia Commercial Trust's 4Q FY23/24 Result Review
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05-02 08:34

Keppel DC REIT's 1Q FY24 Result Review

$Keppel DC Reit(AJBU.SI)$ Basic Profile & Key Statistics Key Indicators Performance Highlight Gross revenue and NPI have seen improvements YoY mainly due to the settlement sum from DXC, which amounts to 13.3 million, inclusive of GST. However, distributable income and DPU have declined mainly due to loss allowance from Guangdong DCs, higher finance costs and less favorable forex hedges. Divestment In April, KDC divested Intellicentre Campus at a significant premium to the original investment and valuation. A$ 90 million from the sales proceeds is reinvested into AU DC Note, which Macquarie Data Centres Group issued. This transaction is expected to be 0.7% DPU accretive. Related Parties Shareholding The shareholdings for sponsor and di
Keppel DC REIT's 1Q FY24 Result Review

Keppel Pacific Oak US REIT's 1Q FY24 Result Review

$KepPacOakReitUSD(CMOU.SI)$ Basic Profile & Key Statistics Key Indicators Performance Highlight Gross revenue and NPI remain similar YoY. However, income available for distribution declined due to higher finance costs.  Rental Reversion Rental revision for 1Q is at -1.4%. Related Parties Shareholding The directors of the REIT manager hold a relatively high proportion of shares whereas the sponsor holds a relatively low proportion of shares. Lease Profile The lease expiry is well spread, and all properties are freehold. However, the committed occupancy rate is relatively low. Debt Profile All debts are unsecured. However, the gearing ratio is relatively high, and there is a low proportion of fixed-rate debt. Diversification Profi
Keppel Pacific Oak US REIT's 1Q FY24 Result Review

Mapletree Group's REITs Comparison @ 21 April 2024

$Mapletree PanAsia Com Tr(N2IU.SI)$ $Mapletree Log Tr(M44U.SI)$ $Mapletree Ind Tr(ME8U.SI)$ Below is a comparison using the latest data from comparison tables on SREITs Data 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.  Overall Ranking Now, let
Mapletree Group's REITs Comparison @ 21 April 2024

Frasers Group's REITs Comparison @ 18 April 2024

$Frasers HTrust(ACV.SI)$ $Frasers L&C Tr(BUOU.SI)$ $Frasers Cpt Tr(J69U.SI)$ Below is a comparison using the latest data from comparison tables on SREITs Data 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.  Overall Ranking Now, let's dive into
Frasers Group's REITs Comparison @ 18 April 2024

Keppel Group's REITs Comparison @ 16 April 2024

$KepPacOakReitUSD(CMOU.SI)$ $KEPPEL REIT(K71U.SI)$ $Keppel DC Reit(AJBU.SI)$ Below is a comparison using the latest data from comparison tables on SREITs Data 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.  Overall Ranking Now, let's dive into th
Keppel Group's REITs Comparison @ 16 April 2024

CapitaLand Group's REITs/BizTrust Comparison @ 14 April 2024

$CapLand IntCom T(C38U.SI)$ $CapLand Ascendas REIT(A17U.SI)$ $CapLand Ascott T(HMN.SI)$ $CapLand China T(AU8U.SI)$ $CapLand India T(CY6U.SI)$ Below is a comparison using the latest data from comparison tables on SREITs Data 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
CapitaLand Group's REITs/BizTrust Comparison @ 14 April 2024

U.S. Office REITs Comparison @ 11 April 2024

$KepPacOakReitUSD(CMOU.SI)$ $Prime US ReitUSD(OXMU.SI)$ $ManulifeReit USD(BTOU.SI)$ Below is a comparison using the latest data from comparison tables on SREITs Data 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.  Overall Ranking Now, let's dive into the details: Fundamental Overview, Related Parties Shareholding & Lease Profile: Overview Winner: Prime US REIT Related Part
U.S. Office REITs Comparison @ 11 April 2024

Hospitality Trusts Comparison @ 9 April 2024

$ARA HTrust USD(XZL.SI)$ $Frasers HTrust(ACV.SI)$ $CapLand Ascott T(HMN.SI)$ $CDL HTrust(J85.SI)$ $Far East HTrust(Q5T.SI)$ Below is a comparison using the latest data from comparison tables on SREITs Data 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.  Overall Ranking Now, let's dive in
Hospitality Trusts Comparison @ 9 April 2024

Singapore Retail Focused REITs Comparison @ 7 April 2024

$Frasers Cpt Tr(J69U.SI)$ $CapLand IntCom T(C38U.SI)$ $Lendlease Reit(JYEU.SI)$ $StarhillGbl Reit(P40U.SI)$ $PARAGON REIT(SK6U.SI)$ Below is a comparison using the latest data from comparison tables on SREITs Data 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.  Overall Ranking Now, let's
Singapore Retail Focused REITs Comparison @ 7 April 2024

Singapore Office Focused REITs Comparison @ 4 April 2024

$Mapletree PanAsia Com Tr(N2IU.SI)$ $KEPPEL REIT(K71U.SI)$ $Suntec Reit(T82U.SI)$ $OUEREIT(TS0U.SI)$ Below is a comparison using the latest data from comparison tables on SREITs Data 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.  Overall Ranking Now, let's dive into the details: Fundamental Overview, Related Parties Shareholding &a
Singapore Office Focused REITs Comparison @ 4 April 2024

Logistics Focused REITs Comparison @ 2 April 2024

$Mapletree Log Tr(M44U.SI)$ $Daiwa Hse Log Tr(DHLU.SI)$ $AIMS APAC Reit(O5RU.SI)$ $ESR-REIT(J91U.SI)$ $EC World Reit(BWCU.SI)$ Below is a comparison using the latest data from comparison tables on SREITs Data 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.  Overall Ranking Now, let's dive
Logistics Focused REITs Comparison @ 2 April 2024

Industrial REITs Comparison - Part 2 @ 28 March 2024

$ESR-REIT(J91U.SI)$ $AIMS APAC Reit(O5RU.SI)$ $DigiCore Reit USD(DCRU.SI)$ $Sabana Reit(M1GU.SI)$ $Cromwell Reit EUR(CWBU.SI)$ Below is a comparison using the latest data from comparison tables on SREITs Data 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.  Overall Ranking Now, let's dive
Industrial REITs Comparison - Part 2 @ 28 March 2024

Industrial REITs Comparison - Part 1 @ 26 March 2024

$Mapletree Ind Tr(ME8U.SI)$ $Keppel DC Reit(AJBU.SI)$ $Frasers L&C Tr(BUOU.SI)$ $CapLand Ascendas REIT(A17U.SI)$ Below is a comparison using the latest data from comparison tables on SREITs Data 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.  Overall Ranking Now, let's dive into the details: Fundamental Overview, Related Parties
Industrial REITs Comparison - Part 1 @ 26 March 2024

Data Centre Focused REITs Comparison @ 24 March 2024

$Keppel DC Reit(AJBU.SI)$ $Mapletree Ind Tr(ME8U.SI)$ $DigiCore Reit USD(DCRU.SI)$ Below is a comparison using the latest data from comparison tables on SREITs Data 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.  Overall Ranking Now, let's dive into the details: Fundamental Overview, Related Parties Shareholding & Lease Profile: Overview Winner: Mapletree Industrial Trust
Data Centre Focused REITs Comparison @ 24 March 2024

European Office Focused REITs Comparison @ 21 March 2024

$IREIT Global SGD(UD1U.SI)$ $Cromwell Reit EUR(CWBU.SI)$ $EliteComREIT GBP(MXNU.SI)$ $IREIT Global EUR(8U7U.SI)$ $Cromwell Reit SGD(CWCU.SI)$ Below is a comparison using the latest data from comparison tables on SREITs Data 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.  Overall Rank
European Office Focused REITs Comparison @ 21 March 2024

China Retail Focused REITs Comparison @ 19 March 2024

$BHG Retail Reit(BMGU.SI)$ $CapLand China T(AU8U.SI)$ $Sasseur Reit(CRPU.SI)$ Below is a comparison using the latest data from comparison tables on SREITs Data 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.  Overall Ranking Now, let's dive into the details: Fundamental Overview, Related Parties Shareholding & Lease Profile: Overview Winner: CapitaLand China Trust Rela
China Retail Focused REITs Comparison @ 19 March 2024

Paragon REIT's 2H FY23 Result Review

$PARAGON REIT(SK6U.SI)$ Basic Profile & Key Statistics Key Indicators Performance Highlight Gross revenue and NPI have improved YoY. However, distributable income has declined significantly mainly due to higher finance costs and a reduction in the manager's fee being paid in units. Nonetheless, distribution to unitholders and DPU remain similar YoY due to the release of previously withheld distribution. Rental Reversion Rental reversion is positive for Singapore properties but negative for Australian properties. Overall, it is at a positive 6.3% for FY23. Tenant Sales/Traffic For FY23, visitor traffic is improved YoY. Additionally, tenant sales have improved for other properties besides Paragon. Related Parties Shareholding The REIT
Paragon REIT's 2H FY23 Result Review

Prime US REIT's 2H FY23 Result Review

$Prime US ReitUSD(OXMU.SI)$ Basic Profile & Key Statistics Key Indicators Performance Highlight Gross revenue and NPI remain stable YoY, but income available for distribution decreased significantly due to higher finance costs and 100% of management fees being received in cash. For DPU, the manager has decided to distribute 0.25 cent and retain the rest to fund capital expenditure and pare down borrowings. Rental Reversion Rental reversion for 4Q stands at 9.6%, while for FY23, it's at 5.8%.  Related Parties Shareholding The directors of the REIT manager hold a relatively high proportion of shares, while the REIT sponsor holds a relatively low proportion. Lease Profile Committed occupancy is low, but lease expiry is well spr
Prime US REIT's 2H FY23 Result Review

Daiwa House Logistics Trust's 2H FY23 Result Review

$Daiwa Hse Log Tr(DHLU.SI)$ Basic Profile & Key Statistics Key Indicators Performance Highlight Gross revenue and NPI have declined year-over-year primarily due to the weakening of JPY against SGD. However, distributable income improved over the same period due to realized gains from exchange hedging. DPU, however, remained unchanged due to a slightly larger unitholder base. Acquisition The acquisitions of DPL Ibaraki Yuki and D Project Tan Duc 2 are expected to be completed by 1Q and 2Q respectively. Related Parties Shareholding The REIT sponsor and REIT manager hold a relatively low proportion. Lease Profile Committed occupancy is at 100% and WALE is long. Debt Profile The debt profile presents a mixed picture. Posit
Daiwa House Logistics Trust's 2H FY23 Result Review

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