Going into 2023, the Singapore REITs (S-REITs) sector may face growing scrutiny on their distribution per unit (DPU) resilience, say CLSA analysts Wong Yew Kiang and Mog Shi Xian. The sector may also see the possibility of asset write-downs from the expansion of cap rates, they add.Earlier in Novemb...

DBS Group Research analysts Derek Tan, Rachel Tan, Dale Lai and Geraldine Wong have cut their distribution per unit (DPU) estimates and their target prices for the overall Singapore REIT (S-REIT) sector following the recent results season.Even though the sector enjoyed a general near-term rebound in...

Analysts at DBS Group Research and Citi Research have maintained their “buy” and “neutral” calls on Mapletree Logistics Trust (MLT) respectively, following its 2QFY2023 ended September results announcement.Citi analyst Brandon Lee says MLT’s 2QFY2023 results revealed more negatives than po...

Despite improving rent reversions and rise in service charges, Credit Suisse expects most Singapore REITs (S-REITs) to see slower or declining DPU in 2023.In their unrated sector report, analysts Nicholas Teh and Louis Chua expect 8% to 10% reversions for office, -1% to 3% for retail and 2% to 3% fo...

The manager of Mapletree Logistics Trust (MLT) has reported distribution per unit (DPU) of 2.248 cents on an enlarged unit base for its 2QFY2022/2023 ended Sept 30, 3.5% higher than the DPU of 2.173 cents in the corresponding period the year before.Amount distributable to unitholders was $108 millio...

THE manager of Mapletree Logistics Trust (MLT) on Tuesday (Oct 25) announced a 3.5 per cent increase in distribution per unit (DPU) to S$0.02248 for the second quarter ended September, from S$0.02173 in the corresponding period a year ago, despite an enlarged unit base.

UOB Kay Hian analyst Jonathan Koh is maintaining his “overweight” rating on the Singapore REITs (S-REITs) sector after a spate of panic selling within the sector due to the financial turmoil in the UK.The selling, which affected most S-REITs that have exposure to the UK and Europe, also spilt ov...

DBS Group Research analysts Yeo Kee Yan and Janice Chua expect the upcoming 3QFY2022 season commencing mid-October to witness a mix of ups and downs, where market volatility will likely bring several potential surprises for various companies.According to the analysts, certain upside surprises could ...

At the panel discussion titled Risks and Opportunities for S-REITs Going Overseas held on Sept 26, Ronald Tan, senior vice-president, equity global market, global sales & origination, Singapore Exchange (SGX), in the opening address said he was asked why the exchange continues to promote oversea...

As the US Federal Reserve (US Fed) hiked its rates by 75 basis points for the third consecutive quarter after the Federal Open Market Committee (FOMC) meeting on Sept 21, UOB Kay Hian analyst Jonathan Koh sees that the “ferocious rate hikes” have almost reached a “climax”.“Based on the Fed...

As the US Federal Reserve (US Fed) lifted interest rates by 75 basis points (bps) for the third consecutive time on Sept 22, CLSA Research analysts Neel Sinha, Yew Kiang Wong and Horng Han Low are expecting several industries such as the property and REITs sector to take a hit, with the exception of...

Lippo Malls Indonesia Retail Trust has been removed as one of the constituents from the FTSE Group’s Benchmark Index during its review in September. The trust was previously in 18th place out of the 29 constituents during the June review.The Benchmark Index is relevant to the determination of the ...

Citi analyst Brandon Lee has downgraded Mapletree Logistics Trust from “buy” to “neutral” with a lowered target price of $1.75. This is in light of benign forward DPU growth with a three-year CAGR of 1% as compared to a five-year historical CAGR of 3.4% observed by Lee, and a subdued acquisi...

The business model of Mapletree Investments (MIPL) combines the roles of real estate development, investment, capital and property management. As at end March 2022, MIPL owns and manages $78.7 billion of office, retail, logistics, industrial, data centre, residential and lodging properties across 13...

UOB Kay Hian analyst Jonathan Koh is maintaining his optimistic outlook for logistics REITs in Singapore with an “overweight” call for the sub-sector.Koh has also kept his “buy” call for both Frasers Logistics and Commercial Trust (FLCT) and Mapletree Logistics Trust (MLT).In his report, the...