The S&P/ASX 200 A-REIT index slipped 1.48% to 1,256.90, while the S&P/ASX 200 index traded sideways, edging 0.03% higher to 5,944.50.
Stockland (SGP) announced that its CEO and managing director Mark Steinert would retire after almost eight years at the helm.
The company also set its distribution for the six months to end-June at 10.6 cents per share, down from its previously estimated 14.1 cents per share, according to an announcement. Stockland shares were down 2.76% to A$3.52.
Shares in Carindale Property Trust (CDP) dipped 1.27% to A$3.90 after the company cut its distribution payment for the six months to end-June to bolster its financial position.
Charter Hall Group (CHC) said in a statement that it would pay a distribution of 18.22 cents per security for the half year to end-June, taking the total annual distribution to 35.72 cents per share. Charter Hall stocks closed 1.39% lower at A$9.96.
Japan
J-REITs had a flat day overall, with the Tokyo Stock Exchange REIT index gaining 0.06% to 1,685.76 and the Nikkei 225 Index finishing 0.18% lower at 22,437.27.
Mirai Corp. (3476) reported 4.9% growth in ordinary profit to JPY 2.6bn for the half year to April 2020, according to its earnings.
The REIT set its half-year distribution at JPY 1,561, while projecting an 11.6% fall in ordinary profit to JPY 2.3bn for the six months to end-October 2020.
Orix JREIT Inc. (8954) shares climbed 4.19% to JPY 146,600 as one of the biggest gainers of the day, while Premier Investment Corp. (8956) finished trading 3.05% lower at JPY 117,500.
Singapore
The FTSE ST Real Estate Investment Trusts index dipped 0.27% to 828.72, while the Straits Times Index edged 0.20% higher to 2,629.69.
Soilbuild Business Space REIT (SV3U) secured an A$80m green loan from OCBC Bank and RHB Bank Berhad, according to a statement made on Friday night.
The REIT will use the funds to refinance the Solaris@one-north project, a business space complex that is part of the Fusionopolis cluster in Singapore. Soilbuild REIT shares rose 1.25% to S$0.41.
The biggest movers in the market today were OUE Commercial REIT (TS0U) shares, which gained 2.50% to 0.41, and Cromwell European REIT (CNNU) stocks, which sank 5.68% to S$0.42.
Hong Kong
In Hong Kong, the Hang Seng REIT Index closed 1.47% lower at 5,681.53 and the Hang Seng Index fell 0.54% to 24,511.34.
New Century REIT (1275) shares grew 1.01% to HK$1.00 in the biggest gain of the day, while Champion REIT (2778) stocks dived 4.05% to HK$4.03.