Here’s how listed real estate investment trusts (REITs) performed across Asia Pacific on Thursday, 11 June 2020.
The REIT will use the loan for general working capital, and could receive interest rate reductions based on its ESG performance.
Link’s share price closed 1.52% lower to HK$68.250, as the Hang Seng Index tumbled 2.27% to 24,480.15.
All of Hong Kong’s REITs finished trading lower, with the Hang Seng REIT Index slipping 2.18% to 5,725.45.
The S&P/ASX 200 A-REIT Index slumped 3.22% to 1,275.60, while the S&P/ASX 200 Index sank 3.05% to 5,960.60.
A handful of A-REIT stocks finished trading higher, led by Qualitas REI Fund (QRI) which rose 3.81%.
Retail REITs suffered the most, with Unibail-Rodamco-Westfield (URW) and Scentre Group (SCG) shares down 9.76% and 8.05%.
The Tokyo Stock Exchange REIT Index fell 3.00% to 1,708.60, as the Nikkei 225 Index retreated 2.82% to 22,472.91.
Nippon Accommodations Fund Inc. (3226) edged 0.32% higher to JPY 627,000 after arranging a JPY 2bn loan from the Norinchukin Bank to refinance an existing long-term loan.
The new unsecured financing is due in September 2020 and has a 0.11909% interest rate, according to a filing.
Mitsui Fudosan Logistics Park Inc. (3471) stocks posted the highest gains, up 1.60% to JPY 445,000, while United Urban Investment Corp. (8960) was among the hardest hit, down 6.88% to JPY 128,500.
The FTSE ST Real Estate Investment Trusts Index dived 4.40% to 833.58, as the Straits Times Index sank 3.44% to 2,704.21.
After the bell yesterday, Sabana Shariah Compliant Industrial REIT (M1GU) told the market in a statement that they had collected 96% and 90% of gross rental incomes in April and May 2020, respectively. Sabana stocks closed 1.33% lower at 0.37.
Learn more about Asia Pacific REITs:
|REITS in Australia||REITs in Thailand|
|REITs in Japan||REITs in Taiwan|
|REITs in Singapore||REITs in Korea|
|REITs in Hong Kong||REITs in New Zealand|
|REITs in Malaysia||REITs in India|