Here’s how the real estate investment trust (REIT) markets performed across Asia Pacific on Monday, 25 May 2020.
Australia
The S&P/ASX 200 A-REIT Index jumped 2.69%, or 31.60 points, to 1,205.80, in line with the S&P/ASX 200 Index, which was up 2.16% to 5,615.60.
Charter Hall Retail REIT (CQR) completed its unit purchase plan and raised more than A$29.5m, as part of last month’s A$175m institutional placement, according to the company. Shares rose 4.62% to A$3.17.
Childcare-focused REITs led the gains, with Charter Hall Social Infrastructure REIT (CQE) shares up 4.91% to A$2.35, followed by Arena REIT (ARF), which also rose 4.91% to A$2.35.
US Masters Residential Property Fund (URF) stocks fell 5.56% to A$0.34, while Elanor Retail Property Fund (ERF) closed 3.70% lower.
Japan
Shares in Hoshino Resorts REIT Inc. (3287) made the biggest gains, up 5.86% to JPY 433,500, while Nippon REIT Investment Corp. (3296) finished trading 4.47% higher at JPY 362,000.
The Tokyo Stock Exchange REIT Index rose 1.55% to 1,644.97, and the Nikkei 225 Index closed 1.73% higher at 20,741.65.
Invincible Investment Corp. (8963) updated the market with its April figures, showing the RevPAR and gross revenue of its domestic hotel portfolio were both down about 83% year-on-year for the month. Yet its shares closed 2.69% higher at JPY 24,430.
Ichigo Hotel REIT Investment Corp. (3463) also presented its April performance, with RevPAR down 81.9% YOY to JPY 1,339, according to an announcement. It also arranged a new JPY 1.75bn loan to refinance an existing loan. The company’s stocks rose 2.12% to JPY 57,800.
Just several J-REITs finished in the red, led by Industrial & Infrastructure Fund Investment Corp. (3249) stocks, which edged 0.80% lower to JPY 173,500.
Hong Kong
The Hang Seng REIT Index dipped 2.44% to 5,257.86, as the Hang Seng Index edged 0.10% higher at 22,952.24.
Most listed trusts closed lower, with Champion REIT (2778) stocks down 3.61% to HK$3.74, trailed by Sunlight REIT (435), which declined 3.32% to HK$3.49.
New Century REIT (1275) shares were up 4.17% to HK$1.00, and Spring REIT (1426) rose 2.08% to HK$2.45.
Singapore
The stock market was closed for the Eid al-Fitr public holiday.
Malaysia
The stock market was closed for the Eid al-Fitr public holiday.
Other markets
In New Zealand, shares in Augusta Capital (AUG) jumped 6.06% to NZ$0.70, while Goodman Property Trust (GMT) closed 1.34% higher at NZ$2.27.