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...

BILLION DOLLAR CLUB: REITS Frasers Logistics & Commercial Trust (FLCT) is one of the REITs under Frasers Property with a portfolio of more than 100 logistics and commercial properties worth around $6.5 billion spread over five major developed countries — Singapore, Austral...

Held on Oct 29, The Edge Singapore’s forum titled Industrial REITs in the New Economy — sponsored by ESR-LOGOS REIT (E-LOG) — may have answered questions about why the two data centre REITs have fallen so much this year. The speakers were Adrian Chui, CEO of ESR-LOGOS REIT’s manager, Tan Tec...

Analysts are keeping their “buy” and “add” calls on Mapletree Industrial Trust (MINT) with lower target prices on the back of higher utility and borrowing costs.DBS Group Research analysts Derek Tan and Dale Lai note that the spike in utility costs has already impacted MINT’s 2QFY2023 numb...

INVESTORS pining for inorganic growth from Mapletree Industrial Trust (Mint) are expected to continue to be disappointed for now, as the real estate investment trust (Reit) manager is likely to extend its acquisition drought until at least the middle of next year.

Mapletree Industrial Trust (MINT) has reported a distribution per unit (DPU) of 3.36 cents for its 2QFY2023 ended September, down 3.2% y-o-y.Unitholders can expect to receive their quarterly DPU for the period on Dec 12.Gross revenue and net property income for the quarter grew 12.8% and 8.3% y-o-y ...

MAPLETREE Industrial Trust posted a 3.2 per cent loss in distribution per unit (DPU) to 3.36 Singapore cents in the second quarter of its financial year (FY) ended on Sep 30, from 3.47 cents a year ago, said its manager via a bourse filing on Wednesday (Oct 26).

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...

City Developments Price target: DBS Group Research ‘buy’ $10.50 Potential to unlock hidden value DBS Group Research analysts Rachel Tan and Derek Tan have maintained their “buy” call on City Developments (CDL) with a target price of $10.50 as they believe that its potential to unlock hidden...

Citi Research analyst Brandon Lee has downgraded Mapletree Industrial Trust (MINT) to “neutral” from “buy” as he sees “increasingly subdued” acquisition prospects for the REIT due to the rising US debt cost.MINT’s lack of asset purchases since May 2021 points to a challenging acquisiti...

Mapletree Industrial Trust Price target: Maybank Securities ‘buy’ $3.00 DPU supported by redevelopment projects and AEI Maybank Securities analyst Li Jialin is keeping her “buy” call on Mapletree Industrial Trust (MINT) as the REIT remains focused on its environmental, social and governance...

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...

Maybank Securities analyst Li Jialin is keeping her “buy” call on Mapletree Industrial Trust (MINT) as the REIT remains focused on its environmental, social and governance (ESG) targets. ESG is a consideration that forms part of the REIT manager’s remuneration as well, the analyst notes.Li has...

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...