APAC REIT Daily: Arena shares rise on dividend news, as REIT markets finish flat

By Benn Dorrington

Here’s how the real estate investment trust (REIT) markets performed across Asia Pacific on Thursday, 21 May 2020.

Australia

Arena REIT(ARF) shares jumped 2.83% to A$2.18 after the company announced its entire portfolio was still open and trading, and expected to pay a dividend in the range of 6.75 and 6.85 cents per share for the second half of FY20.

The largest swings went to Waypoint REIT (WPR), formerly Viva Energy REIT (VEA), with shares up 3.39% to A$2.44, and Unibail-Rodamco-Westfield (URW), which fell a further 4.34% to A$3.75.

The S&P/ASX 200 A-REIT Index traded sideways, up just 0.02% to 1,182.5, while the S&P/ASX 200 Index dipped 0.41% to 5,550.40.

Japan

J-REITs moved against the wider market, with the Tokyo Stock Exchange REIT Index up 0.25% to 1,614.62, and the Nikkei 225 Index down 0.21% to 20,552.31.

Daiwa House REIT Investment Corp. (8984) said it would issue a JPY 5bn package of ‘green’ investment corporation bonds to pay back JPY 5bn in short-term financing, according to a statement. The company’s share price closed 0.30% lower at JPY 261,800.

After the bell, Hoshino Resorts REIT Inc. (3287) announced the promotion of Tetsuro Takashi to director, and general manager of the investment management division at the REIT’s manager. 

Nippon Prologis REIT Inc. (3283) reported the biggest gains, with shares rising 3.89% to JPY 320,500, while Kenedix Retail REIT Corp. (3453) stocks fell the most, down 2.08% to JPY 193,100.

Singapore

Keppel DC REIT (AJBU) acquired its tenant at a data centre in the Netherlands for €1 to maintain a direct relationship with the sub-tenant, according to a stock exchange filing. The company’s shares closed 1.65% lower at S$2.39.

Frasers Centrepoint Trust (J69U) stocks recorded the biggest rise, up 4.19% to S$2.24, while Ascendas India Trust (CY6U) shares fell 2.17% to S$1.35.

The FTSE ST Real Estate Investment Trusts Index finished the day unchanged, down 0.02% at 774.79, while the FTSE Straits Times Index closed 0.19% lower at 2,557.03. 

Hong Kong 

The Hang Seng REIT Index edged 0.92% lower to 5,850.44, while the Hang Seng Index dipped 0.49% to 24,280.03.

New Century REIT (1275) stocks sank 2.06% to HK$0.95, while shares in Spring REIT (1426) were among the few to rise, closing 0.79% higher at HK$2.56.

Malaysia 

Axis REIT (5106) told the market its first quarter dividend would equal 2.10 sen per unit in an announcement, driving shares up 1.54% to MYR 1.98.

Pavilion REIT (5212) posted the highest gains after its shares closed 2.42% higher at MYR 1.69, while MRCB Quill REIT (5123) stocks fell 2.04% to MYR 0.72.

The FTSE Bursa Malaysia KLCI Index climbed 1.18% to 1,452.11. 

Other markets 

In New Zealand, Kiwi Property Group Ltd. (KPG) shares were up 4.44% to NZ$0.94, while Goodman Property Trust (GMT) was down 1.52% to NZ$2.27.

In South Korea, Lotte REIT Co. Ltd. (330590) shares rose 3.15% to KRW 5,570, and Shinhan Alpha REIT Co. Ltd. (293940) was up 3.07% to KRW 6,720.

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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