Ah speaking on this. Ytl was contracted to build data centers in Malaysia so what are the chances these data centers will be placed under ytl reit? I'm digressing as this is a Singapore stock sub.

Back to point. Another hospitality group that I'm seeing popping up like mushroom around the world is under pan pacific which falls under UOL Group Limited SGX: U14 but it ain't a reit

This post has been edited by Avangelice: Apr 24 2024, 03:16 PM

What I know is.

Check out their sponsor. Must be solid. Then if you are ok with it then go ahead.

It depend if YTL reit buys it from the main company

Hospitality not for me I guess. Offices too

This post has been edited by AthrunIJ: Apr 24 2024, 03:19 PM

Agree with you on the offices too. It's a fickle business to be in. Now I'm wondering why UOL isn't getting a trust to handle their properties.

Need sifu for that

I am just a small fish dabbing into reits.

👀

More business updates from:

OUE REIT: https://links.sgx.com/1.0.0/corporate-annou...43b390f586f7a5c

Digital Core REIT: https://links.sgx.com/FileOpen/Digital%20Co...t&FileID=797871

Ascendas India Trust results: https://links.sgx.com/FileOpen/CLINT%20-%20...t&FileID=797882

Suntec REIT results: https://links.sgx.com/1.0.0/corporate-annou...76e30a8c8d9f15e

All-in financing cost rises to 4% p.a. in 1Q 2024. I smell a fish with this REIT...

4% looks high!

Yup, though UK and Australia rates are high, they should account for only 30% of total REIT income contribution, so it can't fully explain the 20 basis points rise in financing cost.

Might be a risk re-rating by the lenders, also not helping is the fact that the aggregate leverage is already at an alarming level of 42%. They have to do an EFR, private placement or dump assets very soon. The former will dilute existing unitholder's holdings. The later will kill off future income stream.

Pick between rotten apples and spoilt oranges...

FCT results: https://links.sgx.com/1.0.0/corporate-annou...5b9959cdff3e647

MIT results: https://links.sgx.com/1.0.0/corporate-annou...4810b6e1c9d067e

Wow, check out slide no. 12, MIT recorded 260 million USD of loses year on year on its US portfolio...

This shows up as "Net fair value loss on investment properties" in both the slides and the income statement of approximately 210 million USD.

Be careful guys... Though "depreciation and amortization" items like these are non-cash in nature, it does suggest MIT is kicking the can full of worms down the road.

LMIRT results: https://links.sgx.com/1.0.0/corporate-annou...fb93c28d8c87171

Sabana trustee's update: https://links.sgx.com/FileOpen/Trustee%20St...t&FileID=798811

Hmm, might just cut lost instead....

SG bank here I come!!

Dasin likes to spoil its shareholder's wonderful Sunday:

https://links.sgx.com/FileOpen/DASINRT-Upda...t&FileID=800958

Cromwell divest properties to deleverage... suck some 0.5% divestment fee in the process: https://links.sgx.com/FileOpen/CEREIT_Dives...t&FileID=800980

MLT results: https://links.sgx.com/1.0.0/corporate-annou...f839e49d1b88266

IREIT Global 1Q 24 business update: https://links.sgx.com/FileOpen/IREIT%201Q20...t&FileID=801246

YTL Starhill Global REIT business updates: https://links.sgx.com/FileOpen/SGX%20Announ...t&FileID=801279

Far East Hospitality Trust 1Q 24 business update: https://links.sgx.com/FileOpen/FEHT%201Q%20...t&FileID=801392