Singapore REITs (S-REITs)

SINGAPORE (Oct 2): Concerns about WeWork Cos. may amplify the negative impact of a weakening economy on Singapore’s commercial real estate investment trusts, according to Credit Suisse Group AG.

SINGAPORE (July 10): In an effort to allow Singapore REITs (S-REITs) to better optimise their capital structure, the Monetary Authority of Singapore (MAS) last week announced that it is considering increasing the current gearing limit to 45%.

SINGAPORE (Apr 25): Analysts are mostly keeping neutral after Mapletree Commercial Trust (MCT) yesterday announced that its 4Q19 DPU has increased by 1.8% to 2.31 cents from 2.27 cents in 4Q18, bringing FY19 DPU to 9.14 cents, 1.1% higher y-o-y.

SINGAPORE (April 19): The manager of CapitaLand Commercial Trust (CCT) has reported a 1Q19 distribution per unit (DPU) of 2.20 cents, rising 3.8% y-o-y from 2.12 cents due to higher contributions from Gallileo and Asia Square Tower 2.

SINGAPORE (April 1): UOB Kay Hian is recommending a wide variety of yield plays offered by Singapore ranging from aviation and banks, to developers and REITs as central banks around the world continue to ease their monetary policies.   

SINGAPORE (Jan 22): Maybank Kim Eng is maintaining its “buy” call on Frasers Centrepoint Trust (FCT) with an unchanged target price of $2.55 after the trust’s manager reported a 1Q19 DPU of 3.02 cents, up 0.7% on-year due to improved occupancies acr

SINGAPORE (Jan 8): OCBC Bank is expecting Singapore office REITs to strengthen further in the near-term this year – and possibly, in the process, demand higher rents to bring about positive rental reversion.

SINGAPORE (Dec 7): DBS Vickers Securities reiterates its “buy” call on Mapletree Logistics Trust (MLT) with a target price of $1.50, which is derived based on an assumed 3% risk free and 50bps higher funding costs than current levels.

SINGAPORE (Dec 7): DBS Vickers Securities reiterates its “buy” call on CapitaLand Mall Trust (CMT) with an adjusted target price of $2.44, which now reflects a higher proportion of equity used to finance its acquisition of Westgate mall.

SINGAPORE (Nov 29): Maybank Kim Eng is maintaining “hold” on CapitaLand Mall Trust (CMT) with a higher price target of $2.20 compared to $2.15 previously, after raising distribution per unit (DPU) estimates by 1-7% to factor in the trust’s recently-