Here’s how the real estate investment trust (REIT) markets performed across Asia Pacific on Wednesday, 20 May 2020.
In New Zealand, Argosy Property Ltd (ARG) shares soared 6.51% to NZ$1.145 after reporting net distributable income per share was up 3.7% in its 2020 full year results.
The company also confirmed its fourth quarter dividend at NZ 1.5875 cents per share.
APN Industria REIT (ADI) stocks jumped 5% to A$2.31 after announcing it would buyback as much as 5% of its shares. The company noted that it had collected about 95% of its rent billings in April, and expected a similar outcome in May.
Unibail-Rodamco-Westfield (URW) stocks retreated 4.16% to A$3.92 following yesterday’s rally.
The S&P/ASX 200 A-REIT Index was up 0.25% at 1,182.30, while the S&P/ASX 200 Index edged 0.24% higher to 5,573.00.
Daiwa Office Investment Corp. (8976) shares closed 0.65% higher at JPY 619,000 after the company said it planned to sell its Daiwa Jimbocho office asset, and buy the Nihonbashi Central Square property for JPY 3.52bn.
Mitsui Fudosan Logistics Park Inc. (3471) shares jumped the highest, up 4.79% to JPY 459,500, while Nomura Real Estate Master Fund Inc. (3462) led the losses, down 1.39% to JPY 120,200.
The Tokyo Stock Exchange REIT Index rose 1.08% to 1,610.60, as the Nikkei 225 Index closed 0.79% higher at 20,595.15.
The FTSE ST Real Estate Investment Trusts Index traded sideways, up just 0.06% at 774.98, while the FTSE Straits Times Index was down 0.75% at 2,561.94.
The Hang Seng Index finished trading 0.05% higher at 24,399.95, while the Hang Seng REIT Index dipped 0.24% to 5,904.48.
Axis REIT (5106) reported its Q1 2020 earnings, with profit growth of 10.1% to MYR 29.28m for the quarter, compared to the same period last year. However, its share price remained unchanged at MYR 1.95 at the end of trading.
Al-Aqar Healthcare REIT (5116) stocks dipped 1.43% to RM 1.38. The FTSE Bursa Malaysia KLCI Index increased 0.78% to 1,435.12.
The biggest swings recorded in Thailand were IMPACT Growth REIT (IMPACT) shares, which jumped 3.14% to THB 16.40, as Siri Prime Office Property Fund (SIRIP) dived 5.66% to THB 10.00.
In India, Embassy Office Parks REIT (EMBASSY) shares retreated 4.66% to INR 327.
REITs in Taiwan and South Korea posted swings of less than 1%.
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|