REITs

A-REIT says the consideration, which includes the cost of the land and the development, is said to be 19.8% lower than the “as if complete” market valuation of the property, which is at A$29.3 million as at June 30.

Both Sasseur REIT and ARA US Hospitality Trust could experience revaluation losses this year if their total rental revenues continue to fall. However, the negative impact will affect ARA US Hospitality Trust a lot more.

To date, the best performing REIT since the market made its low on March 23 this year is Frasers Logistics and Commercial Trust (FLCT), which was formerly known as Frasers Logistics and Industrial Trust. The renaming followed its merg

In a Monday report, DBS analyst Dale Lai believes that the REIT, along with other landlords and tenants, is well-placed to benefit from reopening of the Singapore economy as the state lifts its circuit breaker measures in staggered phases.

With DPU uncertain, yield may not be the best indicator of value for REITs. As at March 31, the net asset values of most REITs stayed relatively stable. Hence P/NAV has been used in an attempt to identify undervalued REITs.

EHT’s board also understands that former directors of the managers have either already been interviewed, or will be interviewed in due course as part of the investigations.

The FTSE EPRA Nareit Global Real Estate Index Series is an international real estate investment index that is seen as the leading benchmark for listed real estate investments. The index is designed to track the performance of listed real estate companies.

The authorities say the investigation stems from a referral by the Singapore Exchange Regulation (SGX RegCo), and follows a review announced by SGX RegCo and MAS on Apr 20.

On May 29, 2019, Ascott Residence Trust’s (ART) manager announced that it has decided not to redeem its 4.68% $250 million of perpetual securities on June 30, the first call date.

OCBC analyst Andrew Wong is advising investors to look for names with established market positions and solid access to external capital. He is also calling for investors to refrain from looking at options with high yields.