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CapLand Ascendas RE
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Seatrium - Sea of Hopes & Atrium of Surprises (II)
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halleluyah
Supreme |
22-Nov-2024 09:15
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supoort lvl liao...adoptedd some babe yesterday....dyodd... | ||||
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luckyguy3
Master |
21-Nov-2024 19:20
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Dividend around 15 cents. So 15/255 = 5.88 = 6% yield How come 5% only?
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Joelton
Supreme |
16-Nov-2024 13:48
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CapitaLand Ascendas Reit to develop logistics property in US for S$94.8 million
The total investment cost will be financed through internal resources and/or existing debt facilities
CAPITALAND Ascendas Reit : A17U -1.91% (Clar) will acquire a parcel of land in the US, and develop on it a logistics property at an estimated total cost of S$94.8 million.
The real estate investment trust will buy the land from Summerville Logistics Center Owner, which is indirectly wholly owned by the property&rsquo s developer PTLI Summerville Member.
Clar, through its wholly owned subsidiary, has entered into a joint venture (JV) agreement with PTLI. The Reit holds a 95 per cent interest in the JV, with the remaining 5 per cent held by the developer.
The Reit intends to buy PTLI&rsquo s interest when the property is stabilised, said its manager on Friday (Nov 15).
The total investment cost of about S$94.8 million thus comprises Clar&rsquo s investment in the 95 per cent stake, the estimated costs of purchasing the developer&rsquo s interest at fair-market valuation, and other related fees and expenses.
The total outlay will be financed through Clar&rsquo s internal resources and/or existing debt facilities, said the manager.
William Tay, executive director and chief executive officer of the manager, said the development of the new logistics property is in line with the Reit&rsquo s strategy to expand its logistics portfolio, to capture growth potential in the sector.
&ldquo Marking our first development in the US, this opportunity will enhance the quality of our portfolio with a new asset which generates long-term value for unitholders,&rdquo he added.
On a pro forma basis, the property &ndash Summerville Logistics Center &ndash will increase the Reit&rsquo s logistics assets under management in the US by 27.9 per cent to about S$434.1 million.
The stabilised net property income yield for the first year is about 7.6 per cent of pre-transaction costs, and 7.2 per cent of post-transaction costs, said the manager.
Assuming the acquisition was completed on Jan 1, 2023, Clar&rsquo s distribution per unit (DPU) would have risen by 0.3 per cent. The pro forma impact on its DPU for the fiscal year ended Dec 31, 2023, would have also improved by about S$0.00041.
The development of Summerville Logistics Center is expected to be completed in the fourth quarter of 2025.
With a total lettable area of 50,991 square metres, the freehold logistics distribution property comprises two single-storey buildings. It will feature best-in-class building specifications and green certification, said the manager.
The property is on the east coast of the US, near Charleston in South Carolina. Other well-known manufacturing and logistics companies, such as The Boeing Company, Volvo Car USA and Mercedes-Benz Vans, are also in the vicinity.
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vivacious
Supreme |
15-Nov-2024 16:45
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5% div at current price. | ||||
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BinderyT
Elite |
14-Nov-2024 11:43
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Recovered and continued rising. Might hit 4.5% before week is over.
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HuatAh7898
Elite |
13-Nov-2024 21:15
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US 10 years treasury yield falls 1% ahead of CPI inflation data | ||||
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Delvyss
Elite |
12-Nov-2024 08:26
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" Morning briefing: The US Treasury yields have come down further "" The yields have room to fall further. "https://www.fxstreet.com/analysis/morning-briefing-the-us-treasury-yields-have-come-down-further-202411110339 |
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Delvyss
Elite |
11-Nov-2024 10:32
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" Overview of the S-REIT Industry "https://www.reitas.sg/singapore-reits/overview-of-the-s-reit-industry/
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Delvyss
Elite |
08-Nov-2024 13:36
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Agree. AUM $17 billion. 229 properties. https://www.capitaland-ascendasreit.com/en.html
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vivacious
Supreme |
08-Nov-2024 13:33
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below 250 will be super attractive
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Delvyss
Elite |
08-Nov-2024 09:29
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Fast mover. $2.40 may not be far fetched
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halleluyah
Supreme |
08-Nov-2024 09:10
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Long fr passive income at tis px... | ||||
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Delvyss
Elite |
08-Nov-2024 09:09
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Looks like market is grabbing back the Reits (probably include covering back all the short positions).
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halleluyah
Supreme |
08-Nov-2024 09:01
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Among reits, it drop the most...going 2.70...2.80.... | ||||
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MrBear12
Supreme |
08-Nov-2024 03:24
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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I really hope reits will recover soon with the rate cut and treasury yield falling.
It has been very uncomfortable on the losing end in this asset class. But I am afraid reits may be further sold down as inflation may again rear its ugly head. Let us hear what fed chair has to say. 330am |
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Shenzhun01
Senior |
07-Nov-2024 14:34
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Trump victory casts a shadow over the Federal ReserveThe US Fed is widely expected to lower the benchmark interest rate on Thursday by a quarter percentage point, a move that will come on the heels of a half-point cut in September.Donald Trump&rsquo s victory in Tuesday&rsquo s presidential contest threatens to upend the US economic outlook and alter the Federal Reserve&rsquo s policy calculus in the months ahead, while renewing questions about how fiercely he might pressure the central bank during his second term in the White House. In his campaign, Trump promised to wield tariffs more aggressively against US trading partners, deport millions of undocumented immigrants and extend his 2017 tax cuts. Those policies, if enacted, could put upward pressure on prices, wages and the federal deficit, according to many estimates. That would complicate the Fed&rsquo s job as officials seek to lower inflation to their 2% objective while protecting the labor market. Amid that delicate task, the central bank could fall under an uncomfortable political spotlight should Trump follow his previous pattern of publicly attacking Fed Chair Jerome Powell. https://www.moneycontrol.com/news/business/markets/trumps-victory-casts-a-shadow-over-the-federal-reserve-12859892.html |
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minichart
Member |
07-Nov-2024 14:28
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Why did Singapore REITs drop today?https://www.minichart.com.sg/2024/11/07/why-did-singapore-reits-drop-today/Lion Philip S-reits drop 11.5% from Septemeber 2024 high! |
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vivacious
Supreme |
07-Nov-2024 13:37
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ignore the noise and long.
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vivacious
Supreme |
07-Nov-2024 13:11
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longed yday and today. | ||||
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halleluyah
Supreme |
07-Nov-2024 12:59
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will hv a reboung coming... | ||||
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