Here’s how the real estate investment trust (REIT) markets performed across Asia Pacific on Wednesday, 3 June 2020.
The S&P/ASX 200 A-REIT Index soared 3.07% to 1,275.40, while the S&P/ASX 200 Index jumped 1.83% to 5,941.60.
The placement was priced at A$2.28 per share, representing a 5.0% discount to its June 1 price. Arena shares closed 4.17% higher to A$2.50.
“With two acquisitions announced on 27 May and further assets under assessment, we are confident of continuing to deploy capital as we identify attractive investment opportunities,” said Ingenia Communities CEO Simon Owen.
Among the biggest movers were Unibail-Rodamco-Westfield (URW) shares, which jumped 10.36% to A$4.90, and AIMS Property Securities Fund (APW), which declined 2.79% to A$1.22.
The Tokyo Stock Exchange REIT Index jumped 1.95% to 1,734.95, as the Nikkei 225 Index climbed 1.29% to 22,613.76.
Shares in Nomura Real Estate Master Fund Inc. (3462) finished trading 5.43% higher at JPY 137,800 after concluding its JPY 40bn commitment line agreement.
The unsecured, one-year commitment line has been arranged with lenders MUFG Bank, Sumitomo Mitsui Banking Corp, Mizuho Bank, and Sumitomo Mitsui Trust Bank, according to a statement.
In a statement, the manager of Japan Real Estate Investment Corp. (8952) announced the retirement of auditor Yuuichi Ikeda effective from June 19. The company’s shares closed 0.17% lower at JPY 579,000.
The FTSE ST Real Estate Investment Trusts Index edged 0.16% higher to 846.29, while the FTSE Straits Times Index surged 3.40% to 2,700.39.
The REIT also announced cost savings of US$143,000 per month, as well as new sale opportunities and liquidity preservation measures.
The Hang Seng REIT Index rose 0.74% higher to 5,636.47, as the Hang Seng Index grew 1.37% to 24,325.62.
In Malaysia, Tower REIT (5111) stocks rose 7.80% to RM 0.76, followed by Al-Aqar Healthcare REIT (5116) shares, which climbed 7.41% to RM 1.45.
In New Zealand, Kiwi Property Group Ltd. (KPG) shares jumped 5.42% to NZ$1.07, while Augusta Capital (AUG) stocks dipped 1.41% to NZ$0.70.
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|