Here’s how listed real estate investment trusts (REITs) performed across Asia Pacific on Tuesday, 16 June 2020.
A-REIT stocks surged today, with the S&P/ASX 200 A-REIT index rising 3.79% to 1,271.70, and the S&P/ASX 200 index gaining 3.89% to 5,942.30.
APN Convenience Retail REIT (AQR) announced plans to raise A$50m through a fully underwritten institutional placement at A$3.20 per share, as well as a further A$5m through a non-underwritten security purchase plan, according to a statement. AQR shares finished trading flat.
J-REIT shares also posted gains, with the Tokyo Stock Exchange REIT index jumping 4.45% to 1,708.58, and the Nikkei 225 Index increasing 4.88% to 22,582.21.
The company set its April 2020 distribution at JPY 409, and projected ordinary income to fall 4.9% to JPY 3.46bn for the six month period to end-October 2020. Shares in Invesco Office J-REIT soared 6.72% to JPY 15,560.
The trust secured a 10-year, JPY 700m loan from Resona Bank; a nine-year, JPY 500m loan from MUFG Bank; and an eight-year, JPY 500m debt from the Kagoshima Bank. Fukuoka REIT shares surged 7.81% to JPY 132,500.
The FTSE ST Real Estate Investment Trusts index gained 3.13% to 842.38, while the Straits Times Index rose 2.03% to 2,666.85.
Oversea-Chinese Banking Corporation and Standard Chartered Bank were appointed as joint lead managers and bookrunners of the note offering. OUE Commercial REIT shares jumped 5.13% to S$0.41.
Shares in Suntec REIT (T82U) increased 4.79% to S$1.53 after telling the market that rental revenue was expected to remain robust due to the completion of 52% of FY 2020 renewals for the Singapore office portfolio and strong rent reversions achieved from previous quarters.
The Hang Seng REIT Index rose 1.12% to 5,660.92, while the Hang Seng Index jumped 2.54% to 24,380.26.
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|