Schedule of S-REITs Earnings or Business Updates
Name | Release date | Release time | For Period | Type |
Mapletree Logistics Trust | 21-Jan | After market | 3Q | Financial Results |
Sabana Industrial REIT | 21-Jan | After market | FY | Financial Results |
Frasers Centrepoint Trust | 22-Jan | After market | 1Q | Business Update |
Mapletree Industrial Trust | 22-Jan | After market | 3Q | Financial Results |
Starhill Global REIT | 23-Jan | After market | 1H | Financial Results |
Mapletree Pan Asia Commercial Trust | 23-Jan | After market | 3Q | Financial Results |
OUE REIT | 23-Jan | After market | FY | Financial Results |
Suntec REIT | 23-Jan | After market | FY | Financial Results |
Keppel DC REIT | 24-Jan | Before market | FY | Financial Results |
ESR REIT | 24-Jan | Before market | FY | Financial Results |
CapitaLand Ascott Trust | 27-Jan | Before market | FY | Financial Results |
CDL Hospitality Trusts | 27-Jan | Before market | FY | Financial Results |
CapitaLand India Trust* | 27-Jan | After market | FY | Financial Results |
Keppel REIT | 27-Jan | After market | FY | Financial Results |
AIMS APAC REIT | 28-Jan | Before market | 3Q | Business Update |
Lendlease Global Commercial REIT | 3-Feb | After market | 1H | Financial Results |
Keppel Pacific Oak US REIT | 4-Feb | Before market | FY | Financial Results |
CapitaLand Integrated Commercial Trust | 5-Feb | Before market | FY | Financial Results |
CapitaLand Ascendas REIT | 6-Feb | After market | FY | Financial Results |
CapitaLand China Trust | 6-Feb | Before market | FY | Financial Results |
Elite UK REIT | 10-Feb | Before market | FY | Financial Results |
Digital Core REIT | 12-Feb | After market | FY | Financial Results |
United Hampshire US REIT | 19-Feb | After market | FY | Financial Results |
Sasseur REIT | 20-Feb | Before market | FY | Financial Results |
Source: Company announcements (as of 17 Jan 2025). *CapitaLand India Trust is a property trust.
More than half, or 24 Singapore real estate investment trusts (S-REITs) have confirmed that they will unveil financial results or business updates starting this week for their respective periods ending 31 December 2024. Among them, 17 S-REITs will report full year financial results, five will report first half or third quarter financial year results, and another two will provide quarterly business updates.
Both Sabana Industrial REIT (Sabana) and Mapletree Logistics Trust (MLT) will kick off the current financial reporting season on Tuesday for S-REITs with the release of its full financial year results and third quarter financial year results respectively.
In Sabana’s earlier third quarter business updates, portfolio occupancy increased from 78.8 per cent to 84.9 per cent as at 30 September 2024. New leases covered 313,953 sq ft, and renewed leases covered 15,974 sq ft resulting in a positive 9.7 per cent rental reversion for renewals. Sabana has maintained positive quarterly rental reversions since Q1 2021.
MLT reported lower distribution per unit of 4.095 cents for the first half of FY24/25 in its earlier financial results. Nevertheless, MLT observed stable operational performance with a portfolio occupancy rate of 96.0 percent and recorded positive rental reversions across most markets.
S-REITs have recorded gains of 0.8 percent over the first 12 trading days of 2025. Potential tailwinds for the sector include forecasts for interest rate cuts from the US Federal Reserve, moderate improvement in core inflation in December’s consumer price index data, and stronger earnings previews this earnings season.
US Federal Reserve Governor Christopher Waller indicated last Thursday that the central bank could lower interest rates multiple times this year if inflation eases. He anticipates the first cut to come in the first half of the year, with others to follow “as long as the data comes in good on inflation or continues on that path”.
According to the CME Fed Watch Tool, the market anticipates nearly a 50 per cent probability of an interest rate cut in May and over a 70 per cent likelihood of such a cut in June.
For more research and information on Singapore’s REIT sector, visit sgx.com/research-education/sectors for the SREITs & Property Trusts Chartbook.
REIT Watch is a regular column on The Business Times, read the original version.
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