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John Russell Saunders has recently been appointed as an executive director of the Link Real Estate Investment Trust (Link Reit), effective immediately. For the time being, Saunders will be leading the group in tandem with Ng Kok Siong, the current executive…
Stocks on Bursa Malaysia have endured a roller-coaster ride last year, with some creating big losses to investors on one day. Despite often seen as defensive investments, the Malaysian real estate investment trusts (M-REITs) also did not escape unscathed. A…
Sunway Bhd is selling its land and assets to Sunway Real Estate Investment Trust (Sunway REIT) for RM550 million cash. Sunway said that its wholly owned subsidiary Sunway Destiny Sdn Bhd had on December 24 entered into a conditional sales and purchase…
Since the origination of REITs in the United States, in the 50 years of its development, REITs in the United States, Singapore, Japan has been running on a rather perfect system, with legal policies and tax system. REITs was able to help the countries in…
Suntec Real Estate Investment Trust (Suntec REIT) reports a “robust” third-quarter performance, thanks to offshore properties. Gross revenue rose 10.6 per cent to S$91.1 million (US$66.7 million) for its third quarter, mainly because of a higher contribution…
Lippo Malls Indonesia Retail Trust was listed over nine years ago on November 2007. It was the first real estate investment trust that focused on Indonesian retail malls in Singapore’s stock market. Today, LMIRT remains the only REIT in Singapore with that…
In just 14 years, the real estate investment trust (Reit) industry in Singapore has drastically transformed the country’s investment property landscape, making it one of the most admired in the Asia Pacific. The Singapore Reit industry now ranks third in size…
Overall DPU growth sits at -0.1%. While its retail sector remained resilient, other sectors such as hospitality and industrial have continued to impede Singapore real estate investment trust (REITs)’s growth, registering a flat -0.1% improvement in 2Q16. Even…
The Stock Exchange of Thailand continues to stay in positive territory, gaining around 7 per cent year to date, despite the sluggishness over the last two weeks. Nevertheless, the SET Index still failed to breach the psychological 1,400 level. Month-to-date,…
Singapore-based shopping mall investment company CapitaLand Retail China Trust (CRCT) grew its income last year by 10.3 per cent to S$89.2 million ($63 million) from S$80.9 million. With China’s economy growing 6.9 per cent last year, the company’s retail…
YTL Starhill Global REIT (SGReit) said its second quarter distribution per unit rose by 2.3 per cent to 1.32 cents. Revenue for the three months ended Dec 31 grew by 13.8 per cent to S$55.6 million while net property income (NPI) rose by 10.4 per cent to…
Chinese retail player Beijing Hualian Group is planning to list its BHG REIT in Singapore this year. If it proceeds, it will mark just the first IPO on the Singapore SGX Mainboard in 2015. The BHG Retail REIT wants to issue 150.1 million shares at $0.80 per…
Proceeds will be used to pay off Yen loans. Starhill Global REIT has divested Roppongi Terzo, a prime retail property located in Tokyo, for $29.9m. This is above the property’s last valuation of $29.2m, and the sale consideration translates to a yield of…
