APAC REIT Daily: REITs in Australia, Japan finish higher, as Hong Kong trusts extend losses

By Benn Dorrington

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. 

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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Benn is a freelance journalist and the publisher of APAC Real Estate. He has reported for the Herald Sun, REFI Europe, S&P Global Market Intelligence, Leader Newspapers, and more.