On Jan 14 and 15, proxy adviser Glass, Lewis & Co and Institutional Shareholder Services (ISS) had advised unitholders of ARA LOGOS Logistics Trust (ALOG) to vote against a merger with ESR-REIT because of pricing. Glass Lewis had said, “while Glass Lewis does not question merits [of the merger...

REITs and rates have a love-hate relationship. What is clear, however, is that the rate tightening cycle has begun. The US Federal Reserve (Fed) has already articulated at least three rate hikes — possibly even four — in the Fed Funds Rate this year. Risk free rates, which are the 10-year US Tre...

THERE are no plans by the manager of Mapletree Logistics Trust M44U (MLT) to merge the logistics real estate investment trust (Reit) with Mapletree Industrial Trust ME8U (MIT), even as two other Reits from their sponsor have proposed a merger.

Investors looking to invest in Singapore REITs (S-REITs) should remain focused on the re-opening theme, such as retail, office and hospitality S-REITs in FY2022. This is as it continues to see favour in the new year, say DBS Group Research analysts Geraldine Wong, Derek Tan, Rachel Tan and Dale Lai....

Since REITs began listing in Singapore in 2002, they have experienced at least one Great Recession following the Global Financial crisis of 2008-2009 and one pandemic, which we are still fighting against. Yet, over the two decades, REITs have delivered some of the best gains compared to other asset ...

Mapletree North Asia Commercial Trust (MNACT) and Mapletree Commercial Trust (MCT) have simultaneously requested for a trading halt on Tuesday morning (Dec 28), pending undisclosed announcement. The Edge Singapore has reached out to both REITs for more information regarding the announcement. MNACT h...

THE following companies saw new developments that may affect trading of their securities on Friday (Dec 24):

The manager of Mapletree Industrial Trust (MIT) is divesting its 19 Changi South Street 1 property to Esco Micro for $13.0 million. The property was valued at $11.9 million as at Nov 5 and contributed about 0.2% to MIT’s portfolio gross revenue in the financial year ended Mar 31. It was acquired b...

THE manager of Mapletree Industrial Truss (MIT) announced in a filing to the Singapore Exchange (SGX) that the real estate investment trust (Reit) has agreed to sell an industrial building at 19 Changi South Street 1 to Esco Micro at a proposed price of S$13 million in cash.

A pivot towards new economy assets have benefited industrial Singapore REITs (S-REITs), which is why DBS Group Research analysts Dale Lai and Derek Tan are positive on the sub-sector. To be sure, Lai and Tan deem now as a good time to “recycle, redevelop, and reposition” assets to drive returns....