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 Singapore REITS, S-REITS

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SUSTOS
post Feb 7 2024, 05:52 PM

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Hutchison Ports Holdings Trust results: https://links.sgx.com/1.0.0/corporate-annou...033a8b804ec9c68
SUSTOS
post Feb 7 2024, 10:35 PM

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Dasin's EGM update:

QUOTE
Further to the communication by the legal adviser of the Trustee-Manager to the Requisitionists and Glory Class that the Requisitionists and Glory Class are not “unitholders” for the purpose of section 54 of the Business Trusts Act 2004 and that, accordingly, both Requisition Notices and the Notice are invalid, the legal adviser of the Trustee-Manager has received an email on 7 February 2024 from Glory Class stating that Glory Class acknowledged that the Glory Class Requisition Notice was invalid and that Glory Class was still thinking about next steps and will revert in due course. Separately, the legal adviser to the Requisitionists has stated by email on 6 February 2024 to the legal adviser to the Trustee-Manager that it was still taking instructions from the Requisitionists and would respond in due course.


https://links.sgx.com/FileOpen/DASINRT-Upda...t&FileID=786298

This post has been edited by TOS: Feb 7 2024, 10:36 PM
SUSTOS
post Feb 8 2024, 07:38 AM

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MUST 2H23 results: https://links.sgx.com/1.0.0/corporate-annou...05a5e990eae0deb
SUSTOS
post Feb 8 2024, 07:17 PM

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Some changes to Sabana's EGM agenda: https://links.sgx.com/FileOpen/Sabana%20Ann...t&FileID=786339
SUSTOS
post Feb 14 2024, 08:48 AM

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Far East Hospitality Trust 2H 23 results: https://links.sgx.com/1.0.0/corporate-annou...5dfbc34e9e136cd
Hansel
post Feb 15 2024, 05:37 AM

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QUOTE(TOS @ Feb 5 2024, 07:33 AM)
KIT to invest in "bus" business in Melbourne: https://links.sgx.com/1.0.0/corporate-annou...5c855e5f2a73e81
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QUOTE(ShinG3e @ Feb 7 2024, 11:58 AM)
Hope netlink’s div on May up abit 😆
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QUOTE(TOS @ Feb 14 2024, 08:48 AM)
Far East Hospitality Trust 2H 23 results: https://links.sgx.com/1.0.0/corporate-annou...5dfbc34e9e136cd
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1) KIT might be doing an EFR soon to help finance this acquisition. Counted 46c or 49c per offering.
2) Netlink’s new pricing structure, being lowered by the regulators will be kicking-in soon….
3) Clearly, FEHT’s 5 or 7 hotels have more guests that CDL’s hotels worldwide… spent my time doing the anslysis yesterday & today while waiting for my roasted suckling pig to arrive in a nearby Lee Gardens restaurant, and now at the Regency Hatyai…
SUSTOS
post Feb 15 2024, 07:28 AM

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No more distributions for KORE unitholders... another MUST in the making...

KORE 2H 23 recapitalisation plan and resulrs

https://links.sgx.com/1.0.0/corporate-annou...2a4443ff5db824f
TSprophetjul
post Feb 15 2024, 08:50 AM

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QUOTE(TOS @ Feb 15 2024, 07:28 AM)
No more distributions for KORE unitholders... another MUST in the making...

KORE 2H 23 recapitalisation plan and resulrs

https://links.sgx.com/1.0.0/corporate-annou...2a4443ff5db824f
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 Leverage has risen to 43.2% post-FY 2023 valuation.
 Lenders remain concerned about the United States (U.S.) office market.
 The Monetary Authority of Singapore (MAS) and bank covenants limit KORE to 50% leverage.
 Banks are reluctant to lend above 45% leverage for the U.S. market.
 KORE is taking proactive measures now with the goal of keeping leverage and interest coverage ratio well within the MAS
requirements and banks’ expectations.
 KORE’s operating performance has remained stable despite the difficult U.S. office market that began in 2020.
o FY 2023 net property income (NPI) was 2.2% higher supported by healthy portfolio committed occupancy of 90.3% as at endDecember 2023.
o Occupancy and operating performance largely a result of the capital invested in the portfolio.
o Continued investments are necessary to maintain performance, occupancy and valuation.
 It is not sustainable for KORE to continue funding capital via debt given its leverage level and the constraints outlined above.
SUSTOS
post Feb 15 2024, 10:06 AM

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KORE plunged 40%, Prime slumped 20% and MUST dropped 5%

The US office brothers cry in tandem again...
TSprophetjul
post Feb 15 2024, 10:29 AM

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QUOTE(TOS @ Feb 15 2024, 10:06 AM)
KORE plunged 40%, Prime slumped 20% and MUST dropped 5%

The US office brothers cry in tandem again...
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US office Reits have become a dangerous investment!

Seems to have affected Grocery Reit too! Utd Hampshire.

This post has been edited by prophetjul: Feb 15 2024, 10:46 AM
thkent91
post Feb 15 2024, 03:59 PM

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QUOTE(Hansel @ Feb 15 2024, 05:37 AM)
3) Clearly, FEHT’s 5 or 7 hotels have more guests that CDL’s hotels worldwide… spent my time doing the anslysis yesterday & today while waiting for my roasted suckling pig to arrive in a nearby Lee Gardens restaurant, and now at the Regency Hatyai…
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Vested? biggrin.gif
Hansel
post Feb 15 2024, 09:21 PM

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QUOTE(thkent91 @ Feb 15 2024, 03:59 PM)
Vested? biggrin.gif
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Yeah… I’m right abt FEHT. Bit wrong abt CFL HT.

And seriously WRONG abt KORE…. 😕😕
TSprophetjul
post Feb 16 2024, 09:08 AM

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QUOTE(Hansel @ Feb 15 2024, 09:21 PM)
Yeah… I’m right abt FEHT. Bit wrong abt CFL HT.

And seriously WRONG abt KORE…. 😕😕
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KORE maybe short term pain, long term gain. Could be. But who is going to wait 2 years? laugh.gif
Hansel
post Feb 16 2024, 04:46 PM

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QUOTE(prophetjul @ Feb 16 2024, 09:08 AM)
KORE maybe short term pain, long term gain. Could be. But who is going to wait 2 years?  laugh.gif
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That's RIGHT, bro,............ In two years,........ anything can happen !!!!!!!!!!!!!
SUSTOS
post Feb 19 2024, 07:50 AM

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Dasin's internal politics drama update: https://links.sgx.com/FileOpen/DASINRT-Anno...t&FileID=786959

EGM is "invalid"...
TSprophetjul
post Feb 19 2024, 08:47 AM

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https://investors.sgx.com/company-disclosur...Z0LJF25FYPZ1NEG

Elite Reit
SUSTOS
post Feb 20 2024, 08:17 AM

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More lawsuits coming to Dasin: https://links.sgx.com/FileOpen/DASINRT-Wind...t&FileID=787052
SUSTOS
post Feb 20 2024, 05:28 PM

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QUOTE(TOS @ Feb 20 2024, 08:17 AM)
More updates from Dasin's drama: https://links.sgx.com/1.0.0/corporate-annou...cdb364bd278464f
SUSTOS
post Feb 21 2024, 12:00 AM

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Sabana's EGM update from trustee: https://links.sgx.com/FileOpen/Sabana%20-%2...t&FileID=787135

https://links.sgx.com/FileOpen/Trustee%20St...t&FileID=787136

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First REIT results: https://links.sgx.com/1.0.0/corporate-annou...a954dc51652ad11
SUSTOS
post Feb 21 2024, 08:42 AM

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Sasseur REIT results: https://links.sgx.com/1.0.0/corporate-annou...98345e5ccf043ac

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