Bloomberg Markets | The Big Take

The Commercial Real Estate Crash Is Battering Even the Safest Bonds
For the first time since the great financial crisis, buyers of top-rated commercial mortgage-backed securities are suffering losses.

https://www.bloomberg.com/news/features/202...ffice-buildings

Starhill Q1 updates

https://links.sgx.com/FileOpen/SGREIT%20Ext...t&FileID=823408

MIT business updates: https://links.sgx.com/1.0.0/corporate-annou...b3b5fb9a1e8f9e5

LMIRT results: https://links.sgx.com/1.0.0/corporate-annou...49f5cb40bcb8aba

Even good old Hong Kong Land wants to dabble in the REIT business...

https://www.businesstimes.com.sg/property/h...ment-eyes-reits

Just shows you sucking fees from REIT investors in the name of "asset management" is a lot more lucrative than hiring cheap labour to build luxurious condos which may never sell out...

Good morning... 3Q 24 results/business updates from...

CLCT: https://links.sgx.com/FileOpen/20241030%20C...t&FileID=823467

ESR-Logos REIT: https://links.sgx.com/FileOpen/3Q2024%20Int...t&FileID=823466

Capitaland Ascott Trust: https://links.sgx.com/FileOpen/20241030_3Q%...t&FileID=823464

Far East Hospitality Trust: https://links.sgx.com/FileOpen/FEHT%203Q%20...t&FileID=823462

Netlink NBN Trust results: https://links.sgx.com/1.0.0/corporate-annou...294aca56147a59b

Elite UK REIT 3Q 24 business updates: https://links.sgx.com/1.0.0/corporate-annou...3b7f66b06f6bfb5

Cromwell European REIT 3Q 24 business updates: https://links.sgx.com/1.0.0/corporate-annou...b77ba09cd53ccf6

Aims APAC REIT results: https://links.sgx.com/1.0.0/corporate-annou...cafe78fbfcc7b86

CICT 3Q 24 business updates: https://links.sgx.com/FileOpen/CICT%203Q%20...t&FileID=824044

FLCT results: https://links.sgx.com/1.0.0/corporate-annou...16a8672fd7625c0

MUST results: https://links.sgx.com/1.0.0/corporate-annou...6087be3db50f98a

Paragon REIT 3Q 24 business updates: https://links.sgx.com/FileOpen/PGN%20REIT%2...t&FileID=824345

Daiwa House Logistics Trust results: https://links.sgx.com/1.0.0/corporate-annou...66dda9c08a0468e

Sasseur REIT business updates: https://links.sgx.com/FileOpen/Sasseur_REIT...t&FileID=824463

United Hampshire US REIT business updates: https://links.sgx.com/1.0.0/corporate-annou...e638d467bc3f2b4

More infighting going on at Dasin: https://links.sgx.com/FileOpen/DASINRT-Rece...t&FileID=824447

This post has been edited by TOS: Nov 8 2024, 07:45 AM

EC World REIT's response to SGX RegCo's query on its financial conditions: https://links.sgx.com/FileOpen/ECW-Response...t&FileID=824653

I find the point (iii)'s arguments amusing... selling properties to pay off loans... heavy usage of forward-looking statements, vague expressions like "optimistic"... hiring KPMG to solve problems...

All shows the incompetence of the manager...

Lendlease Global Commercial REIT business updates: https://links.sgx.com/1.0.0/corporate-annou...ce55e661d0b6c35

Frasers Hospitality Trust results: https://links.sgx.com/1.0.0/corporate-annou...6ae35b2e5061c07

CICT divested 21 Collyer Quay: https://links.sgx.com/FileOpen/20241112_CIC...t&FileID=824808

3.4 million SGD in divestment fee... Such a good asset overlooking MBS and Marina Bay...

IREIT Global 3Q 24 business updates: https://links.sgx.com/FileOpen/IREIT%203Q20...t&FileID=824947

BHG Retail REIT 3Q 24 business updates: https://links.sgx.com/FileOpen/BHG%20REIT%2...t&FileID=824919

EC World REIT 3Q results (if you still trust their numbers, that is... ): https://links.sgx.com/1.0.0/corporate-annou...05680642eb89559

Prime US REIT 3Q 24 business updates: https://links.sgx.com/1.0.0/corporate-annou...3e58fc445cddd6f

Ascendas REIT to develop logistics center in Charleston, South Carolina, US. They are using Jan 2023's figures to compute NPI yield... 2.6 million SGD acquisition fee paid to manager... 8.5 million SGD valuation fee paid to CBRE...

https://links.sgx.com/FileOpen/CLAR_News%20...t&FileID=825429

Yeah,... great building there,...

EC World REIT about to collapse:

https://links.sgx.com/FileOpen/ECW-Update%2...t&FileID=825569

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Keppel Infrastructure Trust to acquire 50% of Marina East Water from sponsor Keppel
Its assets under management will grow from S$8.7 billion as at Sep 30 to about S$9 billion

BT reports: https://www.businesstimes.com.sg/companies-...-sponsor-keppel

SGX announcement: https://links.sgx.com/1.0.0/corporate-annou...bcaac06882c7e48

This post has been edited by TOS: Nov 18 2024, 09:38 AM

Bad news for Dasin: https://links.sgx.com/FileOpen/DASINRT-Upda...t&FileID=825657

Keppel DC REIT to buy 2 SG data centers from Keppel

https://links.sgx.com/1.0.0/corporate-annou...6fb2bd64885e19c

Funded via 70% EFR + 30% debt.