malls

S-REITs could balk at price of Mercatus malls but sponsors could be interested, UBS says - THE EDGE SINGAPORE

REITs

S-REITs could balk at price of Mercatus malls but sponsors could be interested, UBS says

As Mercatus reportedly puts up 4 malls for sale, UBS suggests interest from sponsors of the largest S-REITs

Broker's Calls

Retail decline could further narrow, even turn positive, in 4Q20: DBS

Singapore’s July 2020 retail sales declined by 8.5% y-o-y, though retail sales are up 27.4% m-o-m, following the easing of lockdown measures in June.

Broker's Calls

Can Suntec REIT count on improving retail revenue to drive its earnings up?

SINGAPORE (Apr 26): RHB and Maybank Kim Eng are maintaining their "hold” calls on Suntec REIT with target prices of $1.75 and $1.94 respectively, a day after the release of its latest 1Q18 results.

Results

BHG Retail REIT posts 0.8% higher 4Q DPU of 1.32 cents

SINGAPORE (Feb 23): The manager of BHG Retail REIT has declared a 4Q distribution per unit (DPU) of 1.32 cents, up 0.8% from its DPU of 1.31 cents in 4Q16.

CapitaLand divests stakes in companies holding 20 retail assets for $75 mil gain

SINGAPORE (Jan 5): CapitaLand has agreed to divest its share of interest in a group of companies that hold an agreed value of RMB8.37 billion ($1.7 billion) through 20 retail assets in China, each with an average gross floor area (GFA) of about 40,000 sqm

Broker's Calls

CapitaLand not a proxy to an impending home price rebound, says Maybank

SINGAPORE (Aug 3): Maybank Kim Eng Research is keeping its “hold” call on CapitaLand with an unchanged price target of $3.75 after the real estate group this morning posted its set of financial results for 2Q17, which was overall in line with the rese

Broker's Calls

Starhill Global’s FY17 distributions to be impacted negatively

SINGAPORE (Feb 2): CIMB Research is reiterating its “hold” call on Starhill Global REIT while lowering its target price to 72 cents from 76 cents after the release of the REIT’s 2Q17 results, on expectations of ongoing redevelopment at Plaza Arcade

CapitaLand to open 8 shopping malls in 2017, seeks retailers at MAPIC in Cannes

SINGAPORE (Nov 17): CapitaLand intends to open eight new shopping malls in 2017, six of which are retail components of integrated developments in China, and one each in Malaysia and India.

Amara’s 100 AM mall to launch new F&B concept on Dec 1

SINGAPORE (Nov 10): Amara Holdings’ lifestyle shopping mall, 100 AM, will be unveiling a new food and beverage (F&B) concept on its third floor from Dec 1.
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