SPHREIT released its 3QFY20 Business Update this evening. This comes after it shifted to half-yearly reporting; the link to the presentation can be found here. Would like to highlight a few things to take note of:1. DPU continues to be low but may not be because of a low payout ratioSPHREIT declared a DPU of 0.5 Scts for the quarter representing an increase...
Following the private placement by MINT to acquire the remaining 60% of its first US Data Centre portfolio, other REITs with strong balance sheets made moves recently. Ascendas REITAREIT announced the acquisition of a yet-to-be-built logistics property in Sydney today (1 Jul 2020) for A$23.5m. The property will be developed by the Vendor and completed by 2Q2021. In the press release, AREIT mentioned that...
