A-REITs gained ground today, with the S&P/ASX 200 A-REIT index growing 2.60% to 1,304.80, while the S&P/ASX 200 index rose 0.83% to 5,991.80.
The deal is funded through the group’s existing debt facilities, and grows its land holdings to more than 1.2 sq.m. across 20 locations.
The biggest share price moves included Elanor Retail Property Fund (ERF) stocks, which soared 9.94% to A$0.94, and Home Consortium (HMC) shares, which retreated 3.45% to A$2.80.
The FTSE ST Real Estate Investment Trusts index rose 0.67% to 848.01, while the Straits Times Index edged 0.10% higher to 2,669.62.
The trustee of Frasers Logistics & Commercial Trust (BUOU) secured a A$120m loan facility from DBS Bank and Oversea-Chinese Banking Corporation, according to an announcement made on Tuesday night. FLCT’s shares closed 2.59% higher at S$1.19 today.
The Tokyo Stock Exchange REIT index finished trading 0.75% higher at 1,721.36, while the Nikkei 225 index dipped 0.56% to 22,455.76.
The new financing included a five-year, JPY 1.5bn loan and a 10-year, JPY 1bn loan from Sumitomo Mitsui Banking Corporation, as well as an eight-year, JPY 1bn loan from Taiyo Life Insurance Company. Orix REIT shares finished 1.29% lower at JPY 153,600.
The REIT set its end-April distribution at JPY 13,302 per share, and projected a 4.1% decrease in ordinary profit to JPY 2.83bn for the half-year period ending October 2020.
Industrial & Infrastructure Fund Investment Corp. (3249) shares jumped 3.71% to JPY 170,700 in one of the biggest gains of the day, while Ichigo Office REIT Investment Corp. (8975) stocks fell 4.11% to JPY 76,900.
The Hang Seng REIT Index closed 0.94% higher at 5,714.29, slightly ahead of the Hang Seng Index, which grew 0.56% to 24,481.41.
The manager of Sunlight REIT (435) said it would collect half of its base and variable fees in shares and the other half in cash for the financial year ending June 2021, according to a statement. The REIT’s shares closed 0.51% lower at HK$3.93.
The REIT’s manager expects the move, which is subject to shareholder approval, to provide greater investment opportunities and potential synergies within mixed-use assets.
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