Recently Announced Mergers & Acquisitions in the REIT Sector

Categories: General Market Analysis, Equity Investments

Country or region: Asia Pacific (Overall)

Summary:
Recently Announced Mergers & Acquisitions in the REIT Sector​
  • ​In the month thus far, ESR-REIT and Viva Industrial Trust have proposed a potential merger, whilst CCT, Manulife US REIT, FLT, Keppel DC REIT and SPH REIT have announced acquisitions to expand their property portfolios.
  • In the 2018 YTD, Singapore’s 34 REITs and six Stapled Trusts have averaged a 1.8% decline in total return, trimming the 12M average total return to 9.1%. The strongest performing REITs in the YTD were Sabana Shariah, Cromwell EUR, BHG Retail, Manulife US & IREIT Global.
  • The FTSE ST REIT Index currently maintains a 6.0% yield which is 3.3% above Singapore 10 year Government Bond Yields at 2.7%. Since Sep 2009, the yield differential between the Index and bonds has averaged 4.1.


Reference URL: http://www.sgx.com/wps/wcm/connect/sgx_en/home/newsflash/mu_18052018_2




Abstract

  • In the month thus far, ESR-REIT and Viva Industrial Trust have proposed a potential merger, whilst CCT, Manulife US REIT, FLT, Keppel DC REIT and SPH REIT have announced acquisitions to expand their property portfolios.
  • In the 2018 YTD, Singapore’s 34 REITs and six Stapled Trusts have averaged a 1.8% decline in total return, trimming the 12M average total return to 9.1%. The strongest performing REITs in the YTD were Sabana Shariah, Cromwell EUR, BHG Retail, Manulife US & IREIT Global.
  • The FTSE ST REIT Index currently maintains a 6.0% yield which is 3.3% above Singapore 10 year Government Bond Yields at 2.7%. Since Sep 2009, the yield differential between the Index and bonds has averaged 4.1.



Date of original publication:

05/18/2018


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