EC World REIT

Results

EC World REIT suspends distribution for 2HFY2023 on insufficient funds

The REIT has previously deferred its distribution of 2.053 cents for 1HFY2023.

REITs

EC World REIT says it has strengthened internal controls over use of stamps and seals

The REIT’s lenders have sent a demand letter to the REIT to state that no new mortgages may be created without their consent.
This is why refinancing of Chinese S-REITs and trusts takes longer  - THE EDGE SINGAPORE

REITs

This is why refinancing of Chinese S-REITs and trusts takes longer

Inter-creditor agreement slows down refinancing of Chinese assets for REITs; was disclosure late at DRT?
Chinese S-REITs and trusts remain under stress  - THE EDGE SINGAPORE

REIT Watch

Chinese S-REITs and trusts remain under stress

Dasin Retail Trust breaches loan-to-value ceiling and ICR floor while EC World REIT's auditor point to going concern challenges
EC World REIT's manager announces extension of offshore and onshore loans - THE EDGE SINGAPORE

REITs

EC World REIT's manager announces extension of offshore and onshore loans

EC World REIT's manager has got the banks to agree to extend both offshore and onshore loans subject to conditions
Stresses in foreign S-REITs calls into question global REIT listing hub  - THE EDGE SINGAPORE

REITs

Stresses in foreign S-REITs calls into question global REIT listing hub

Global REIT hub label in danger as foreign S-REITs reveal increasing stresses in their financially engineered structures

Broker's Calls

RHB suspends coverage on EC World REIT due to uncertainties

The brokerage’s last published recommendation on the counter was “neutral” with a target price of 55 cents.
EC World REIT issues responses to investor questions ahead of Dec 16 EGM - THE EDGE SINGAPORE

REITs

EC World REIT issues responses to investor questions ahead of Dec 16 EGM

This EGM is for unitholders to vote on the proposed divestment of two properties, so as to allow the REIT to pay off debt.

Broker's Calls

DBS indicates preference for REITs with high yields amid Fed's hawkish stance

The top S-REIT performers for the month of August were Cromwell European REIT, EC World REIT and Sabana REIT.
×