Soilbuild REIT has been removed from the FTSE Singapore All Cap Index and the Benchmark Index, announced the manager of Starhill Global REIT on March 30. The Benchmark Index is relevant to the determination of the performance fee that may be paid to the manager under the trust deed constituting Star...

THE dissident minority unitholders of Sabana Shari'ah Compliant Industrial Reit (Sabana Reit) that voted down its proposed merger with ESR-Reit more than three months ago are now threatening to withhold their endorsement of two new independent directors at the coming annual general meet...

On Jan 29, ESR-REIT’s manager announced it had signed a commitment letter for $320.0 million new loan facilities on an unsecured basis, with The Hongkong and Shanghai Banking Corporation, Malayan Banking, RHB Bank and United Overseas Bank Limited. The new loan facilities, comprising a $160.0 milli...

Could ESR-Reit be next to tap the equity market to raise funds, following such cash calls recently made by First Reit and Lippo Malls Indonesia Retail Trust?

DBS Group Research’s Derek Tan and Woo Bing Yong have maintained their “buy” call on Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana REIT) with a raised target price of 45 cents, up from 40 cents previously. In a Jan 25 note, the analysts estimate that the completio...

THE chief executive officer (CEO) of Sabana Shari'ah Compliant Industrial Reit's manager Donald Han has made it clear that he wants to leave behind the failed merger with ESR-Reit and work on improving the real estate investment trust's (Reit) portfolio and performance.

THE chief executive officer of Sabana Shari’ah Compliant Industrial Reit’s (Sabana Reit) manager Donald Han has made it clear that he wants to leave behind the failed merger with ESR-Reit and work on improving the Reit’s (real estate investment trust) portfolio and performance...

THE chief executive officer of Sabana Shari’ah Compliant Industrial Reit’s (Sabana Reit) manager Donald Han has made it clear that he wants to leave behind the failed merger with ESR-Reit and work on improving the Reit’s (real estate investment trust) portfolio and performance...

The manager of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana REIT), on Jan 22, reported distribution per unit (DPU) of 2.29 cents for the 2HFY2020 ended December, 47.7% higher than 1.55 cents a year ago. 2HFY2020 distributable income came in 48.1% y-o-y higher at $24.1 ...

The manager of ESR-REIT on Jan 20 announced that its FY2020 DPU has declined by some 30.2% y-o-y to 2.8 cents, while net property income was 12.6% y-o-y lower at $164.2 million. The lower results were mainly due to the impact of the Covid-19 pandemic. Despite the lower y-o-y performance, analysts ar...