Tag Archives: Asia REITS

Opportunities for investors in Asian REITs amid rebound

Posted on 28 Aug 2009 | Comments Off on Opportunities for investors in Asian REITs amid rebound

Asian real estate investment trusts (REITs) have bounced back strongly in the first half of 2009, according to a recent analyst report by property consultancy CBRE. Their total market capitalisation rose 14.3 per cent for the period.

Analysts said on Thursday this performance was driven by improving credit conditions, government support for re-financing – especially for Japan REITs (J-REITs) – and successful rights issues as recently seen for Singapore REITs (S-REITs).

Other positive signs include the fact that many large-cap Asian REITs have managed to grow their rental income recently. In Singapore, the latest financial results of several REITs have performed up to or beyond analysts’ expectations.

Frankie Lee, head of property equities, Asia, Henderson Global Investors, said: “REITs have definitely rebounded very strongly, coming out of the issues of refinancing and also the cyclical downturn in the fiscal market. I think going into the second half, there’s still potential upside because some of the REITs are actually quite financially strong now, given some of the recapitalisation that they have done. Continue reading →

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Asian Reits survive H1, but challenges remain: CBRE

Posted on 27 Aug 2009 | Comments Off on Asian Reits survive H1, but challenges remain: CBRE

Acquisition, IPO activities unlikely to recover to pre-slump levels in near future

Most Asian real estate investment trusts (Reits) have survived the economic storm in the first half of the year, but challenges – from reducing gearing to growing distributions – still lie ahead, says CB Richard Ellis (CBRE).

The market capitalisation of Asian Reits rose 14.3 per cent in H1 2009, according to the property consultancy in a report yesterday.

In Singapore, the FTSE Reit Index has jumped more than 35 per cent from January, gaining 7.34 points yesterday to close at 503.39. ‘General improvement in the credit market, government support for the re- financing of J-Reits (Japan Reits) and successful rights issues for S-Reits (Singapore Reits) have substantially enhanced Reits around the region,’ says CBRE Research Asia executive director Andrew Ness.

Many large-cap Asian Reits managed to grow their rental income recently, CBRE notes. In Singapore, several S-Reits have also met or Continue reading →

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