Here’s how the REIT markets performed across Asia Pacific on Thursday, 7 May 2020.
Goodman Group (GMG) shares rose 3.75% to $14.11 today after the company reaffirmed its full-year earnings and distribution guidance, citing growing demand for warehouse space.
Today, the S&P/ASX 200 A-REIT Index (XPJ) edged 0.66% higher, while the S&P/ASX 200 slid 0.38%.
The Tokyo Stock Exchange REIT Index rose 0.56% to 1,573.51 today after Japan’s financial markets reopened from the Golden Week holiday.
The Nikkei 225 closed 0.28% higher at 19,674.77.
In Hong Kong, the Hang Seng REIT Index closed slightly lower (down 0.06%), as the Hang Seng ended the day down 0.65%.
The Hang Seng REIT Index rose 1.05%, as the Hang Seng increased 1.20% to 24,153.92.
The financial markets in Singapore and Malaysia were closed for the Vesak Day public holiday.
In Thailand, most REITs followed the SET 50 Index, which fell 1.64% to 842.56.
Samui Airport Property Fund (SPF) shares declined 3.76% to ฿12.80, while Strategic Hospitality Extendable Freehold & Leasehold REIT (SHREIT) fell 3.12%.
Dusit Thani Freehold & Leasehold REIT (DREIT) stocks were among the few that were higher or unchanged, rising 0.56% to ฿3.58.
In South Korea, most of the listed REITs closed lower today, led by a 1.72% dip in Lotte REIT shares.
There was little change among Taiwanese REITs except for Fubon No.2 REIT, which dipped 0.43% to NT$14.15.
In Bombay, Embassy Office Parks REIT (EMBASSY) shares closed 1.56% lower at ₹344.85.