Here’s how listed real estate investment trusts (REITs) performed across Asia Pacific on Friday, 5 June 2020.
REITs in Japan
Shares in Mitsubishi Estate Logistics REIT Investment Corp. (3481) rose 1.06% to JPY 383,000 after announcing that it would join the FTSE EPRA/NAREIT Global Real Estate Index Series from June 19.
The REIT said the index was widely adopted by institutional investors as a benchmark for international real estate investments, and expects the move will further broaden its investor base and increase liquidity.
The new financing comprises a 10-year JPY 1bn loan with a 0.45% fixed rate from the Bank of Fukuoka, and a two-year JPY 2bn loan (base rate based on JBA 1-month JPY TIBOR + 0.165%) from Mizuho Bank. Orix shares rose 1.06% to JPY 162,600.
Japan Retail Fund Investment Corp. (8953) closed 1.27% higher to JPY 151,900 after completing its share buyback program, repurchasing more than 15,000 stocks for almost JPY 2m in total between April and June, according to a filing. The REIT’s share price climbed 1.06% to JPY 383,000.
In Tokyo, the TSE REIT Index was up 0.97% to 1,719.57, while the Nikkei 225 Index gained 0.74%, or 167.99 points, to 22,863.73.
REITs in Singapore
The FTSE ST Real Estate Investment Trusts Index jumped 1.53% to 853.76, in line with the Straits Times Index, which moved 1.64% higher to 2,751.50.
The manager of Sasseur REIT (CRPU) told the market in a statement that it had collected its base fees for the first quarter in shares rather than cash, receiving 2,698,964 units at S$0.5926 per stock. Sasseur shares rose 1.92% to S$0.80.
The manager of Lendlease Global REIT (JYEU) also announced that it would take shares instead of cash for its first quarter REIT management and property management fees. The REIT’s shares were flat at the end of trading.
REITs in Hong Kong
The Hang Seng REIT Index surged 2.14% higher to 5,725.27, as the Hang Seng Index extended its gains a further 1.66% to 24,770.41.
REITs in Australia
The S&P/ASX 200 A-REIT Index rose 0.52% to 1,301.30, while the S&P/ASX 200 Index climbed 0.12% 5,998.70, just falling short of the 6,000 mark.
Ingenia Communities Group (INA) stocks retreated 3.81% to A$4.29, while Unibail-Rodamco-Westfield (URW) closed 3.46% lower at A$5.30.
Other REIT markets
In New Zealand, Argosy Property Ltd (ARG) shares sank 3.63% to NZ$1.20, while Kiwi Property Group Ltd. (KPG) stocks led the gains, rising 1.80% to NZ$1.13.
In India, Embassy Office Parks REIT (EMBASSY) shares closed 2.36% lower at ₹360.58.
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|