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    • REIT_TIREMENTREIT_TIREMENT
      ·05-10 09:19

      Mapletree Industrial Trust's 4Q FY23/24 Result Review

      $Mapletree Ind Tr(ME8U.SI)$ Basic Profile & Key Statistics Key Indicators Performance Highlight Gross revenue and NPI have seen slight improvements year-over-year, mainly driven by contributions from the newly acquired data centre in Osaka and new leases at the redeveloped property at Mapletree Hi-Tech Park @ Kallang Way. Additionally, distributions declared by joint ventures have significantly increased. Consequently, distribution to unitholders and DPU have improved. Rental Reversion The weighted average rental reversion is at 6.6%. Divestment MIT divested the Tanglin Halt Cluster in March. Related Parties Shareholding The directors of the REIT manager hold a relatively high number of shares. Lease Profile The overall lease profile
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      Mapletree Industrial Trust's 4Q FY23/24 Result Review
    • REIT_TIREMENTREIT_TIREMENT
      ·05-07

      Frasers Centrepoint Trust's 1H FY24 Result Review

      $Frasers Cpt Tr(J69U.SI)$ Basic Profile & Key Statistics Main Sector(s): Retail Country(s) with Assets: Singapore & Malaysia No. of Properties (exclude development/associate/fund): 10 Key Indicators Performance Highlight Gross revenue and NPI have declined YoY due to the divestment of Changi City Point and AEI of Tampines 1. Distribution from joint ventures has improved YoY due to the acquisition of an additional 10% stake in Waterway Point and the acquisition of a 25.5% interest in NEX. Nonetheless, distribution to unitholders and DPU remain similar despite the NPI decline due to higher management fees payable in units.  Rental Reversion Retail portfolio rental reversion is at 7.5%. For Central Plaza, the rental reversion i
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      Frasers Centrepoint Trust's 1H FY24 Result Review
    • REIT_TIREMENTREIT_TIREMENT
      ·05-06

      First REIT's 1Q FY24 Result Review

      $First Reit(AW9U.SI)$ Basic Profile & Key Statistics Key Indicators Performance Highlight Gross revenue, NPI, distributable amount and DPU declined slightly YoY mainly due to stronger Singapore Dollar against the Indonesia Rupiah and the Japanese Yen. Related Parties Shareholding The REIT sponsor, REIT manager, and directors of the REIT manager hold a relatively high proportion of shareholding. Lease Profile Committed occupancy stands at 100%, with a long WALE and no major lease expiry within 4 years. However, the proportion of income in SGD/major currencies is low. Debt Profile The debt profile is mixed: there's a relatively high interest coverage ratio, a high proportion of fixed-rate debt, and a relatively long WADM. However,
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      First REIT's 1Q FY24 Result Review
    • REIT_TIREMENTREIT_TIREMENT
      ·05-03

      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
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      Mapletree Pan Asia Commercial Trust's 4Q FY23/24 Result Review
    • REIT_TIREMENTREIT_TIREMENT
      ·05-02

      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
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      Keppel DC REIT's 1Q FY24 Result Review
    • REIT_TIREMENTREIT_TIREMENT
      ·04-30

      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
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      Keppel Pacific Oak US REIT's 1Q FY24 Result Review
    • REIT_TIREMENTREIT_TIREMENT
      ·04-26

      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
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      Mapletree Group's REITs Comparison @ 21 April 2024
    • REIT_TIREMENTREIT_TIREMENT
      ·04-23

      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
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      Frasers Group's REITs Comparison @ 18 April 2024
    • REIT_TIREMENTREIT_TIREMENT
      ·04-22

      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
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      Keppel Group's REITs Comparison @ 16 April 2024
    • REIT_TIREMENTREIT_TIREMENT
      ·04-19

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

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