Equity Real Estate Investment Trusts (REITs)

Alpha Integrated REIT

Alpha Integrated REIT to Release FY2026 Q1 Earnings on April 16 Pre-Market SGT

Alpha Integrated REIT released FY2025 Q4 earnings on February 13 Pre-Market (SGT), actual revenue SGD 30.82 M, actual EPS SGD 0.0391

Alpha Integrated REIT released FY2025 earnings on February 13 Pre-Market SGT, actual revenue SGD 120.08 M (forecast SGD 102 M), actual EPS SGD 0.0568 (forecast SGD 0.029)

Mindarie Investment Makes Unconditional Cash Offer to Acquire Alpha Integrated REIT

Alpha Integrated REIT to Release FY2025 Annual Earnings on February 13, 2026 Pre-Market SGT, Forecast Revenue SGD 102M, EPS SGD 0.029

Sabana Industrial REIT released FY2025 9 Months earnings on October 22 After-Market (SGT), actual revenue SGD 59.34 M, actual EPS SGD 0.0097

Sabana Industrial REIT released FY2025 Q3 earnings on October 22 After-Market SGT, actual revenue SGD 29.92 M, actual EPS SGD 0.008

Sabana Industrial REIT FY2025 Q3 Earnings Release on October 22, 2025 After-Market (SGT)

Sabana Industrial REIT released FY2025 Q2 earnings on July 23 After-Market (SGT), actual revenue SGD 30.24 M, actual EPS SGD 0.0032

Sabana Industrial REIT released FY2025 Semi-Annual Earnings on July 23 After-Market SGT, Actual Revenue: SGD 59.34 M, Actual EPS: SGD 0.0098

Sabana Industrial REIT to Release FY2025 Q2 Earnings on July 23 After-Market SGT

M1GU Allows ESR Group to Participate in Property Sale Price Discovery

Sabana Industrial REIT released FY2025 Q1 earnings on April 15 After-Market SGT, actual revenue SGD 29.11 M, actual EPS SGD 0.0065

Sabana Industrial REIT to Release FY2025 Q1 Earnings on April 15 After-Market SGT

Sabana Industrial REIT released FY2024 annual earnings on January 21 After-Market (SGT), actual revenue SGD 113.31 M (forecast SGD 98.2 M), actual EPS SGD 0.0101 (forecast SGD 0.0282)

Alpha Integrated REIT released FY2024 Q4 earnings on January 21 After-Market (SGT), actual revenue SGD 29.73 M, actual EPS SGD -0.0038

Sabana Industrial REIT released FY2024 9 Months Earnings on January 21 After-Market (SGT), with actual revenue of SGD 83.58 M and EPS of SGD 0.0139

Sabana Industrial REIT released FY2024 Q3 earnings on January 21 After-Market (SGT), with actual revenue of 29.07 M SGD and EPS of 0.0001 SGD

Sabana Industrial REIT to Release FY2024 Semi-Annual Earnings on January 21, 2025, After-Market SGT

Sabana Industrial REIT to Release FY2024 Earnings on January 21 After-Market SGT, Forecast Revenue 98.2 M SGD, EPS 0.0282 SGD

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Prime logistics rents in Singapore rose 1.5% quarter on quarter in Q1, marking the strongest growth in two years, driven by tight supply and high demand. This growth outpaced other industrial segments, according to Cushman & Wakefield. However, regional competition may moderate future rental growth. The lack of new prime logistics developments is expected to keep vacancy rates low. Despite uncertainties, the outlook for prime logistics rents remains positive, although the Johor-Singapore Special Economic Zone may lead some occupiers to seek lower-cost options across the border.

- The first quarter of this year saw premium logistics rents grow by 1.5%, representing the highest increase in two years due to tight supply and strong tenant demand.  
- A report indicates that the lack of new high-quality logistics developments is creating a supply shortfall, leading to low vacancy rates and high competition.  
- Despite strong short-term fundamentals, regional competition may temper rent growth, although the outlook for premium logistics rents in Singapore remains positive.

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Logistics rents outpace broader industrial segments on strong Q1 momentum

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The Q1 reporting season for Singapore real estate investment trusts (S-Reits) began positively, with Alpha Integrated Reit and Keppel DC Reit reporting improved financial metrics. Alpha Integrated Reit saw a rise in portfolio occupancy to 91.4% and a 12% rental reversion, while Keppel DC Reit reported a 13.2% increase in distribution per unit. Kore US Reit also showed a 4.3% increase in income available for distribution. Despite a challenging macro environment, analysts remain optimistic about S-Reits' stability and earnings potential.

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S-Reits commence Q1 reporting season on a positive start

The trustee of Alpha Integrated Real Estate Investment Trust (AI-Reit) has disputed a resolution seeking access to records related to its internalisation process, warning it may seek court directions if passed. HSBC Institutional Trust Services deems the resolution invalid, stating it cannot bind the trustee. The resolution requests access to documents regarding legal and financial services paid by the Reit during internalisation. The trustee argues the manager lacks entitlement to review these records and raises concerns over potential legal privilege and costs. AI-Reit incurred S$13.1 million in related fees, previously disclosed to unitholders.

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AI-Reit trustee disputes resolution to access records related to internalisation

Hengxin Comprehensive Real Estate Trust (Alpha Integrated REIT) saw its occupancy rate rise to 91.4% in the first quarter of 2023, a significant increase from 86.4% in the same period last year. The trust's quarterly report indicated that the improvement in occupancy was due to strong renewal rates and proactive leasing strategies. In the first quarter, nearly 60% of rental income came from the high-tech sector, while warehousing and logistics accounted for 25%. The overall rental recovery rate for the investment portfolio was 12%, with the warehousing and logistics sector experiencing the highest recovery rate at 12.9%

Zaobao

The rental rate of Hengxin Integrated Real Estate Trust Investment Portfolio has significantly increased to 91.4% | Lianhe Zaobao

Alpha Integrated REIT has refinanced a $75 million loan due in March 2026, eliminating all debt maturities for this year. The refinancing extends the REIT's pro forma debt maturity to 2.4 years from 2.0 years as of December 31, 2025. The deal, completed with a new syndicate of banking partners, enhances funding flexibility and diversifies capital sources. The REIT, listed in Singapore, holds interests in 18 properties with a total asset value exceeding $1.06 billion.

Alpha Integrated REIT refinances $75m loan, clears 2026 maturities

Bagmane Prime Office REIT is gearing up to initiate its initial public offering (IPO) as early as next month. Bloomberg posted on X, highlighting the company's strategic move to enter the public market. This development marks a significant step for Bagmane Prime Office REIT as it seeks to capitalize on investor interest and expand its financial base. The IPO is expected to attract attention from various stakeholders in the real estate and investment sectors. Further details regarding the offering are anticipated to be disclosed in the coming weeks.

CoinLive

Bagmane Prime Office REIT Plans IPO Launch Next Month

Alpha Integrated REIT (AI-REIT) announced its performance for the second half of the fiscal year 2025, with improvements in occupancy rates and rental growth rates, driving a year-on-year increase in distributable income of 20.4%, reaching 20.59 million yuan. Net rental income grew by 12.9% to 34.19 million yuan, and total revenue rose by 4.5% to 60.74 million yuan. The trust plan will distribute a dividend of 1.83 cents per unit. The total distributable income for the year is 39.72 million yuan, an increase of 23.4%. As of the end of last year, the occupancy rate was 90.3%

AI-REIT's performance has improved, announcing a distribution of 1.83 cents per unit for the second half of the year | Lianhe Zaobao

Alpha Integrated Reit (AI-Reit) reported a 20.4% increase in distribution per unit (DPU) to S$0.0183 for H2 2025, driven by higher rent and occupancy rates. Revenue rose 4.5% to S$60.7 million, with net property income growing 12.9% to S$34.2 million. The Reit’s overall occupancy improved to 90.3%. For FY2025, total income available for distribution increased 23.2% to S$43.8 million. The Reit’s manager remains focused on operational stability amid market uncertainties, while Volare Group plans to maintain AI-Reit’s listing status on the Singapore Exchange.

Alpha Integrated Reit H2 DPU rises 20.4% to S$0.0183 on higher rent, occupancy

Alpha Integrated REIT(M1GU.SG)