APAC REIT Daily: Frasers Centrepoint Trust shares rise, as S-REITs close higher

By Benn Dorrington

Here’s how the REIT markets performed across Asia Pacific on Monday, 18 May 2020.

Singapore

The FTSE ST Real Estate Investment Trusts Index closed 1.55% higher to 757.02.

Frasers Centrepoint Trust (J69U) shares soared 5.52% to S$2.10, while CapitaLand Mall Trust (C38U) also jumped 4.59% to S$1.82.

However, fellow retail trust BHG Retail REIT (BMGU) slid 2.37% to $0.62 in what was the biggest fall for the day.

The FTSE Straits Times Index also rose 0.62% to 2,539.28 after Singapore’s annual exports rose for the third straight month.

Australia

A-REIT shares edged higher today, with the S&P/ASX 200 A-REIT Index up 1.08% to 1,137.40.

ALE Property Group (LEP) shares jumped 2.38% to A$4.30 after the pub landlord said Guy Farrands would take over as CEO from Andrew Wilkinson, who announced his intention to step down last year.

Retail A-REIT shares delivered mixed results, with Vicinity Centres (VCX) up 3.95% to A$1.445 and Unibail-Rodamco-Westfield (URW) down 3.17% to A$3.67. 

A-REITs moved in line with the S&P/ASX 200 Index, which rose 1.03% to 5,460.54, thanks to gains in mining and energy stocks. 

Japan

The Tokyo Stock Exchange REIT Index rose 0.85% to 1,566.44 despite data confirming the Japanese economy had slipped into a recession for the first time since 2015.

Shares in Japan Hotel REIT Investment Corp. (8985) jumped 5.00% to JPY 37,800, following the trust’s announcement on Friday that it had acquired the trademark rights of the ‘Oriental Hotel’ brand.

Japan Real Estate Investment Corp. (8952) shares traded lower for a second day, down 1.78% to JPY 552,000. Last week, the trust said it planned to issue up to JPY 100bn in corporate bonds. 

Nippon Building Fund Inc. (8951) stocks declined 1.30% to  JPY 610,000 after taking a new JPY 7bn loan to refinance a long-term borrowing. 

The Nikkei 225 Index climbed 0.48% higher to 20,133.73.

Hong Kong 

Hong Kong REITs traded sideways, with the Hang Seng REIT Index finishing roughly where it started.  

Link REIT (823) shares recorded the highest gains, up just 0.75% to HK$66.65.

Regal REIT (1881) stocks fell 3.94% to HK$1.22 after shareholders approved buy-back plans at the trust’s AGM.

The Hang Seng Index rose 0.58 per cent, or 137.30 points, to 23,934.77, as countries continued to ease lock down restrictions throughout the region. 

Malaysia 

Shares in retail trust Pavilion REIT (5212) fell 3.07% to RM1.58, followed by AmanahRaya REIT (5127), which dived 1.48% to RM0.67. 

Al-Aqar Healthcare REIT (5116) stocks rose 2.18% to RM1.40, while MRCB Quill REIT (5123) finished trading 1.34% higher at RM0.755.

IGB REIT (5227) was the most traded stock with 2.9 million units traded, closing 0.60% lower at RM1.66.

The FTSE Bursa Malaysia KLCI Index closed 0.48% higher at 1,410.16. 

Other markets 

In New Zealand, Property for Industry Ltd (PFI) shares rose 2.13% to NZ$2.40, while Kiwi Property Group Ltd. (KPG) declined 3.32% to $0.88. 

In South Korea, Shinhan Alpha REIT Co. Ltd. (293940) stocks were up 1.44% to KRW 6,300, and NH Prime REIT Co. Ltd. (338100) was up 1.22%.

Taiwan REITs traded sideways, with swings of less than 1%.

Learn more about Asia Pacific REITs:

REITS in AustraliaREITs in Thailand
REITs in JapanREITs in Taiwan
REITs in SingaporeREITs in Korea
REITs in Hong KongREITs in New Zealand
REITs in MalaysiaREITs in India
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