REIT indices in Australia and Hong Kong rose today, while Singapore’s iEdge S-REIT Index finished lower.
Here’s how the REIT markets performed across Asia Pacific on Tuesday, 5 May 2020.
Aspen Group (APZ) stocks fell 6.89% to A$1.014, retreating from its 7.4% surge yesterday. Charter Hall Social Infrastructure REIT (CQE) stocks declined 4.63% to A$2.27 after the trust announced plans to raise A$115m yesterday.
The S&P/ASX 200 A-REIT Index (XPJ) rose 2.56% to 1,128.58 today, as the S&P/ASX 200 climbed 1.64%.
In Singapore, ESR-REIT (J91U) shares rose 5.97% to S$0.355 today, following an announcement about the company’s distribution reinvestment plan.
In Singapore, the iEdge S-REIT Index fell 2.6% today, as the FTSE Straits Times Index ended trading down 2.4%.
Shares in Link REIT (823), the largest REIT in Asia by market cap, were up 0.74% to HK$67.80 today despite the company issuing a profit warning yesterday.
The Hang Seng REIT Index edged 0.59% higher, while the Hang Seng rose 1.15% in Hong Kong.
In India, Embassy Office Parks REIT (EMBASSY) shares declined 2.69% to ₹354.09.
The Tokyo stock exchange was closed today for a public holiday.