AsiaPac REITs Slump in May With Hong Kong Down 10.5% Retail Sector Down 6.5% | Best-Performing Was ESR Kendall Square


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ASIA PACIFIC MARKET ANALYSIS (MAY)

Asia Pac REITs Underperformed Equities In May, Led By Hong Kong’s 10.5% Fall

By Patrick Ma, Director, Listed Products and Research, Admiral Investments

Global REITs, including Asia Pacific REITs, underperformed equity markets after tech and AI-related stocks climbed.

Japan REITs were the best-performing in the region on the back of increased overseas investors’ interests in local assets.

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GPR/APREA Composite REIT Index Falls 3.6% In May, Retail, Healthcare Slump

By Jeroen Vreeker, Managing Director, Global Property Research

The GPR/APREA Composite REIT Index fell 3.6% in May, erasing its April gain. All sectors were in the red with retail down as much as 6.5%

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Commentary: Daisin Retail Trust – Value Investment Or Value Trap?

Dasin Retail Trust, which owns malls in China, is down 82% from its value two years ago. A small part of this can be attributed to the negative trend for the sector, but many more issues are of its own making.

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Related Headlines For Best-Performing REITs

ESR Kendall Squares REIT To Finalise 127.1 Billion Won (US$97 Million) Logistics Centre Deal

Dasin Retail Trust's Independent Director Tan Sued By Substantial Unitholder Zhang

Lotte REIT Posts Q1 Net Income Of 4.2 Billion Won, Down 56% Year-on-Year

Japan Excellent, Inc Agrees To Lease SE Sapporo Building To Neo First Life Insurance

Foreign demand for chip stocks powers Kospi to 1-year high (Korean Economic Daily)

Asia Pac REITs Underperformed Equities In May, Led By Hong Kong's 10.5% Fall, Japan Outperforms

Related Headlines For Worst-Performing REITs

Asia Pac REITs Underperformed Equities In May, Led By Hong Kong's 10.5% Fall, Japan Outperforms

Keppel Pacific Oak US REIT Posts 12.5% Fall In Q1 Distributable Income

Prime US REIT Q1 Net Property Income Down 7.2% To US$23.6 Million

Elite Commercial REIT's Tan Will Continue Current Role Despite Dasin Retail Trust Claim

Filinvest REIT Q1 Net Income Rises 17% To 304 Million Pesos

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Asia Pacific REITs have mostly underperformed equities year-to-date

TR/GR/APREA COMPOSITE INDEX

MSCI ASIA PACIFIC INDEX

HEADLINES

MARKETS

MSCI Real Assets: Asia Pacific Commercial Property Trading Slides to Lowest Level Since 2012 as Debt Crunch and Pricing Uncertainty Put Buyers and Sellers on Hold

US REITs Underperform Broader Market in Q1: S&P

AUSTRALIA

Abacus Property To Spin-off A$3 Billion Self-storage Assets into Listed Trust

HONG KONG

Hong Kong's Spring REIT Plans Share Buy-back

JAPAN

Japan's Q1 Real Estate Transaction Volume Up 46% Year-on-Year

CRE Logistics REIT Plans Public, Private Placement

MALAYSIA

CapitaLand Malaysia REIT Buys Second Logistics Property For RM39.7 Million (US$29 Million)

SINGAPORE

AIMS APAC REIT Prices Private Placement At S$1.214, Preferential Offering At S$1.189

AIMS APAC REIT Posts 5.1% Increase in Full-Year DPU

CapitaLand Ascendas REIT Buys Seagate’s R&D Facility For S$218.2 Million After S$450 Million Private Placement

Frasers Logistics & Commercial Trust H1 To March DPU Down 8.6%, Sees Uncertain Outlook

OUE C-REIT Q1 2023 Net Property Income Up 18% Year-on-Year, Discussing Refinancing of Borrowings Due September

Sasseur REIT Records Highest Q1 DPU Since Listing

Manulife US REIT Reiterates Mirae's Proposal As Strategic Partner To Add Financial Strength

EC World REIT's Q1 Net Property Income Flat Compared With Q4 But Outlook Challenging

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About REIT AsiaPac

REIT AsiaPac aims to improve transparency in the Asia Pacific REIT sector. We provide regional news and feature market analyses and interviews with leading sector personalities.

REIT AsiaPac

39B Boat Quay, Singapore 049828, Singapore
Singapore

contact@reitasiapac.com

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