Here’s how the real estate investment trust (REIT) markets performed across Asia Pacific on Monday, 1 June 2020.
Shares in healthcare trust First REIT (AW9U) plummeted 21.47% to S$0.70 today after its former parent company Lippo Karawaci announced plans to initiate lease restructuring discussions with the REIT due to the COVID-19 pandemic.
The manager of First REIT said it hadn’t been approached by the tenant yet, according to a filing.
The FTSE ST Real Estate Investment Trusts Index rose 1.14% to 831.22, as the FTSE Straits Times Index jumped 1.83% to 2,556.61.
In Hong Kong, the Hang Seng REIT Index climbed 3.13% to 5,418.51, in line with the Hang Seng Index, which soared 3.36% to 23,732.52.
The company increased its full-year distribution per unit (DPU) by 5.9% YOY to HK287.19 cents.
New Century REIT (1275) shares rose 5.26% to HK$1.00, followed by Champion REIT (2778), up 3.99% to HK$3.65. All of Hong Kong’s REIT closed higher.
The S&P/ASX 200 A-REIT Index dipped 0.49% to 1,237.30, while the S&P/ASX 200 Index rose 1.10% to 5,819.20.
Shares in retail REIT Vicinity Centres (VCX) halted trading after the company announced plans to raise A$1.2bn through a fully-underwritten institutional placement, as well as a further A$200m through a non-underwritten security purchase plan.
Charter Hall Social Infrastructure REIT (CQE) raised A$23.1m through its unit purchase plan, up from A$15m due to investor demand, the company said in a statement. The REIT’s shares closed 2.00% lower at A$2.45.
The biggest movers today were Waypoint REIT, which rose 3.39% to A$2.44, and Elanor Retail Property Fund (ERF), which finished trading down 5.19% at A$0.73.
The Tokyo Stock Exchange REIT Index finished trading 1.71% lower at 1,671.93, while the Nikkei 225 Index edged 0.84% higher to 22,062.39.
Hankyu Hanshin REIT Inc. (8977) acquired an additional part of the site of Takatsuki-Josai Shopping Center in Osaka for JPY 55m, according to an announcement. Hankyu shares declined 2.50% to JPY 132,700.
Shares in Industrial & Infrastructure Fund Investment Corp. (3249) fell 2.94% to JPY 171,500 after announcing it had completed the purchase of the IIF Atsugi Manufacturing Center for JPY 6.96bn.
Mitsubishi Corp.- UBS Realty Inc., the asset manager of Japan Retail Fund Investment Corp. (8953), Industrial & Infrastructure Fund Investment Corp. and MCUBS MidCity Investment Corp. (3227), introduced an employees’ investment unit ownership plan for each REIT.
Learn more about Asia Pacific REITs:
|REITS in Australia||REITs in Thailand|
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|REITs in Singapore||REITs in Korea|
|REITs in Hong Kong||REITs in New Zealand|
|REITs in Malaysia||REITs in India|