Here’s how the real estate investment trust (REIT) markets performed across Asia Pacific on Friday, 22 May 2020.
Hong Kong REIT stocks plummeted in Friday trading on China’s plans to impose new national security laws on Hong Kong.
The Hang Seng REIT Index tanked 7.88% to 5,389.35, while the Hang Seng Index fell 5.56% to 22,930.14.
Link REIT (823) shares plunged 10.17% to HK$60.95 in what was the market’s biggest casualty for the day.
The S&P/ASX 200 A-REIT Index declined 0.70% to 1,174.20, while the S&P/ASX 200 Index slid 0.96% to 5,497.
Cromwell Property Group (CMW) settled its sale of a half stake in a Sydney office complex to a BlackRock fund for A$120m, according to a statement. The trust’s shares were up 1.31% to A$0.78 at the end of trading.
Qualitas Real Estate Income Fund (QRI) announced its upcoming dividend was valued at $0.008152 per share, giving its shares a 1.12% boost to A$1.35.
AIMS Property Securities Fund (APW) stocks jumped 7.14% to A$1.20, while Unibail-Rodamco-Westfield (URW) dived 6.93% to A$3.49.
The Tokyo Stock Exchange REIT Index edged 0.33% higher to 1,619.89, while the Nikkei 225 Index closed 0.80% lower at 20,388.16.
Invesco Office J-REIT Inc. (3298) said in a statement that it had arranged JPY 17.58bn in new loans to refinance existing debts that were due this month. The company’s share price closed unchanged at JPY 15,000.
Shares in Industrial & Infrastructure Fund Investment Corp. (3249) recorded the highest swing, up 3.06% to JPY 174,900, while Nippon Prologis REIT Inc. (3283) fell 2.81% to JPY 311,500.
The FTSE Straits Times Index fell 2.17% to 2,499.83, while the FTSE ST Real Estate Investment Trusts Index dipped 1.07% to 765.60.
Al-Salam REIT (5269) shares jumped the highest, rising 7.14% to MYR 0.75, while Tower REIT (5111) dipped 3.31% to MYR 0.73.
The FTSE Bursa Malaysia KLCI Index finished 1.06% lower at 1,436.76.
In Thailand, Trinity Freehold And Leasehold Property Fund (TNPF) shares sank 4.35% to THB 2.20, while Sub Sri Thai REIT (SSTRT) increased 2.78% to THB 5.55.
Embassy Office Parks REIT (EMBASSY) shares also climbed 2.55% higher to INR 340.79.
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|