Hospitality trusts listed on the SGX have experienced a challenging and sometimes turbulent 16 years since the IPOs of the initial trusts, Ascott Residence Trust (ART) in March 2006, and CDL Hospitality Trusts (CDLHT) in July of the same year.Nothing quite impacted the hospitality sector more than C...

Lower land leaseThe problem with 79 Robinson Road, which is a Grade A building following a redevelopment of the site, has just 45 years of land lease left. Hence its capitalisation rate at 3.6% to 3.65% is higher than Capital Tower’s which has more than 70 years of land lease remaining. “79 Robi...

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 manager of OUE Commercial REIT (OUE C-REIT) announced that the REIT will be included in the FTSE EPRA Nareit Global Real Estate Index Series (Global Developed Index). The REIT’s inclusion takes effect from Sept 20. “Our entry into the leading benchmark index for institutional real estate inv...

The results briefing of Frasers Property (FPL) on May 12 was initially thought to be a runof-the-mill update on its operations and financials, so much so that a few analysts moved on to other results briefings which are often on Zoom or Webex. And indeed, there were questions on Bedok Point, residen...

The trustees of OUE Commercial REIT and OUE Hospitality Sub-Trust, DBS Trustee and RBC Investor Services Trust Singapore, have exercised the greenshoe option on the facility agreement dated Dec 14, 2020. The option will see the REIT upsize its multi-tranche senior secured facilities to $978 million ...

OCBC Investment Research’s Chu Peng has given a “buy” rating and a fair value price of 39 cents for OUE Commercial REIT (OUECT), after its merger with OUE Hospitality Trust.  OUECT’s 3Q2020 revenue and net property income NPI rose 12% and 11.4% y-o-y to $70.9 million and $55.8 million r...

CGS-CIMB Research is keeping its “hold” recommendation on OUE Commercial REIT (OUE C-REIT) with an unchanged target price of 48.2 cents, as there is limited scope for outperformance in the near term with the continued challenging hospitality earnings outlook. This came following the REIT posting...

The manager of OUE Commercial REIT (OUE C-REIT) says that its 1H20 DPU has fallen by 40.5% to 1.0 cent from 1.68 cents in 1H19. However, the REIT’s amount distributable to unitholders saw a 12.1% increase to $54.5 million from $48.6 million a year ago. The reason for the lower DPU despite the high...

SINGAPORE (May 5): The manager of OUE Commercial REIT (OUE C-REIT) has declared a distributable income of $37.6 million for 1Q2020 ended March, a 44.5% increase y-o-y from last year’s $26.0 million. The REIT did not report a DPU for this quarter, as they will be distributing the DPU to unitholder...

The amount available for distribution by OUE Commercial Real Estate Investment Trust (C-Reit) rose 44.5 per cent year on year to S$37.63 million for the first quarter ended March 31, 2020, on the back of contributions from Mandarin Gallery, Mandarin Orchard Singapore and Crowne Plaza Changi...

SINGAPORE (Feb 4): OUE Commercial REIT (OUECT) could well have started to reap profits from its merger with OUE Hospitality Trust (OUEHT).  Following the merger, OUECT has become one of the largest diversified REITs with total assets of some $6.8 billion and seven properties across the commercial ...

SINGAPORE (Jan 23): Adrian Chui, CEO of ESR-REIT’s manager may have started a trend. In 2018, ESR-REIT merged with Viva Industrial Trust in a share and cash offer. VIT unitholders were paid 96 cents per unit of which 90% was with ESR-REIT units, and 10% in cash. In 2019, two mergers were complete...

SINGAPORE (Dec 16): This year, a total of 19 listed companies are undergoing privatisation, and being merged or acquired – more than the eight last year and the 14 in 2017. As it is, close to $20 billion worth of mergers and acquisition (M&A) deals involving the four major developers in Sin...