Here’s how listed real estate investment trusts (REITs) performed across Asia Pacific on Monday, 8 June 2020.
Singapore REIT market
The FTSE ST Real Estate Investment Trusts Index jumped 1.61% to 867.54, in line with the Straits Times Index, which gained 1.65% to 2,796.97.
The move comes after Tokyo-listed Mitsubishi Estate Logistics REIT Investment Corp. (3481) announced on Friday that it would also be joining the FTSE EPRA/NAREIT Global Real Estate Index Series later this month.
Mapletree Logistics Trust (M44U) was among a handful of S-REITs that finished lower, with its shares down 2.51% at $1.94.
Hong Kong REIT market
Hong Kong stocks finished with minor gains, with the Hang Seng REIT Index up 0.47% to 5,752.30, and the Hang Seng Index finishing 0.03% higher at 24,776.77.
Champion REIT’s shares closed 2.31% higher at HK$3.98, the biggest gain of the day among Hong Kong REITs.
Prosperity REIT (808) stocks sank 1.70% to HK$2.31, while New Century REIT (1275) dipped 1% to HK$0.99.
Japan REIT market
The Nikkei 225 Index jumped 1.37% to 23,178.10, and the Tokyo Stock Exchange REIT Index surged 1.97% to 1,753.41.
The company secured a JPY 7bn, five-year loan from Sumitomo Mitsui Trust Bank at a 0.2075% interest rate, as well as a JPY 4bn, 10-year loan from MUFG Bank at a 0.36125% interest rate. The company’s shares closed 2.95% higher at JPY 594,000.
Japan Retail Fund Investment Corp. (8953) stocks were among the biggest movers, up 7.50% to JPY 163,300, while SOSiLA Logistics REIT Inc. (2979) closed 2.88% lower at JPY 128,100.
Australia REIT market
The Australian stock market was closed for a public holiday.
Other APAC REIT markets
In New Zealand, Investore Property Ltd (IPL) stocks surged 5.11% to NZ$1.85, as Precinct Properties New Zealand Ltd. (PCT) shares finished trading 3.86% higher at NZ$1.75.
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|