Here’s how the REIT markets performed across Asia Pacific on Wednesday, 6 May 2020.
The Hang Seng REIT Index rose 1.05%, as the Hang Seng increased 1.20% to 24,153.92.
National Storage REIT (NSR) shares finished 6.51% lower in Sydney today after announcing plans to raise A$300m yesterday, while Centuria Office REIT (COF) and Scentre Group (SCG) stocks fell 2.60% and 2.30%, respectively.
The S&P/ASX 200 A-REIT Index (XPJ) declined 0.81%, while the S&P/ASX 200 slid 0.42%.
The FTSE Straits Times closed 0.74% higher.
The Tokyo stock exchange was closed today for a public holiday.
The S&P Malaysia REIT Index edged 0.30% higher, while the FTSE Bursa Malaysia KLCI finished trading 0.65% lower.
Most Thai REIT shares finished trading lower today, as the country’s SET 50 Index dropped 1.94%.
Samui Airport Property Fund stocks declined 3.76% to ฿12.80, followed by a 3.11% fall for Strategic Hospitality Extendable Freehold & Leasehold REIT.
Dusit Thani Freehold & Leasehold REIT shares were among the few to rise, up 0.56% to ฿3.58.
In South Korea, Lotte REIT shares jumped 2.54% to ₩5,250, as E KOCREF CR REIT stocks rose 1.72%.
There was little movement among Taiwan REITs, with Cathay No. 2 REIT stocks rising 0.23% to NT$17.49 and Fubon No.1 REIT shares edging 0.19% lower.
New Zealand REITs Kiwi Property Group Ltd. (KPG) and Precinct Properties New Zealand Ltd. (PCT) saw shares traded lower again today, declining 2.11% and 1.00%, respectively.
In India, Embassy Office Parks REIT (EMBASSY) stocks were 0.87% lower at ₹351.01 during afternoon trading.