Mapletree Logistics Trust divests Malaysian assets: REITs Weekly Watch
REITs
By Gerald Wong, CFA • 14 Sep 2024 • 0 min read
Singapore REITs mostly gained as the T-bill yield fell further. REITs with European and US assets bounced the most.
What happened?
Singapore REITs posted further gains in the past week, with the CSOP iEdge S-REIT Leaders Index ETF gaining 1.4% for the week ending 13 September 2024.
The gains for Singapore REITs were driven by continued optimism that the sector will benefit from interest rate cuts, as the 6-month Singapore T-bill fell further to 3.1% in the latest auction.
REITs with overseas assets were the top gainers, following the European Central Bank’s rate cut and anticipation of the US Federal Reserve’s first rate cut in the coming week.
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Singapore REITs Worst Performers
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What’s moving
- Mapletree Logistics Trust is divesting three assets in Malaysia for RM157.5m at above valuation. The proposed divestments are part of the Mapletree Logistics Trust’s strategy to rejuvenate its portfolio through selective divestments, and expected to be completed by FY2025. They are not expected to have a material impact on MLT’s net asset value and net property income for FY2025.
- Digital Core REIT has issued a notice to acquire a further interest of between 0.2% and 40% in the 49.9%-owned Frankfurt data centre. The acquisition cost is estimated at up to US$213 million.
What we are reading and watching on Singapore REITs
CICT buys ION Orchard for $1.8 billion – Will I subscribe for the Preferential Offering? Buy this REIT at 5.3% dividend yield? by Financial Horse
Interest Rate Cuts: Time to Ditch Banks for REITs? by The Fifth Person
T-bill yields are falling. Time to look at this Singapore REIT ETF? by Beansprout
- Singapore REITs – Hunt for higher yields by DBS
- Mapletree Pan Asia Commercial Trust – Belle of the Ball by DBS
- 19 S-REITs gained 10% or more in just 1 month! by Dr Wealth
Singapore REIT broker reports
- Digital Core REIT – Proposing to increase its stake in a data centre in Germany by DBS
- Singapore REITs – 4 REITs to watch next by DBS
Singapore REIT Comparison
- Singapore Retail Focused REITs Comparison by REIT-Tirement
- Singapore Industrial REIT Focused REITs Comparison by REIT-Tirement (Part I)
- Singapore Industrial REIT Focused REITs Comparison by REIT-Tirement (Part 2)
- US Office REITs Comparison by REIT-Tirement
Singapore REIT blog posts
- 3 Blue-Chip S-REITs to Watch for Your CPF Investment Account by The Smart Investor
- Singapore’s Best Dividend-Paying Blue-Chip REITs for Your CPF Account by The Smart Investor
- 5 Singapore REITs with Share Prices Hitting Their 52-Week Highs: Are They a Buy? by The Smart Investor
- Types of REITs in Singapore by My Sweet Retirement
- 6 Industrial REITs in Singapore Boasting Strong Local Portfolios by The Singaporean Investor
- Two Easy Ways to Invest in S-REITs by The Family Investor
- The Impact of Rate Cut on My Singapore REIT Holdings by Towards Financial Independence
- Singapore REITs Monthly Update (06 September 2024) by REITsavvy
- Keppel Pacific Oak US REIT (SGX: CMOU): 2024 Half Year Result by ViresInSolitudine
- CDL Hospitality Trust (SGX: J85): 2024 Half Year Result by ViresInSolitudine
- Elite UK REIT Entering Into Student Accommodation and Data Centres? by Investment Income for Life
- Sold Parkway Life Reit by Live Rich Life Free
- CapitaLand Integrated Commercial Trust (SGX: C38U): 2024 Half Year Result by ViresInSolitudine
- CICT ION Orchard Acquisition by My Sweet Retirement
Credit to Vince from REIT-Tirement for compiling Singapore REIT blog posts and videos
Singapore REITs videos
Is CICT’s ION Orchard Purchase Overhyped? The Risks to Know by The Dividend Uncle
STOP Overlooking these 3 Singapore REITs Ready to Soar! by Joey Choy
CICT and CIT earnings analysis - SURPRISE DIVIDEND GROWTH by Investing with Ben
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