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REITs SYMPOSIUM 2020

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REITs SYMPOSIUM 2020

REITs

Investments

For OUE Commercial REIT, we have seen One Raffles Place and OUE Downtown are below the average office occupancy rate. What are the contributing factors?
Teo ZhengLong
Teo ZhengLong
Level 3. Wonderkid
Answered 2d ago
As shared by OUE Commercial REIT during the live session, OUE Commercial REIT has mentioned that during the 2nd Quarter, it was a challenging leasing period for these 2 properties as potential tenants could not view the office spaces and fit out works are unable to be completed in time. This has resulted in the tenants being cautious in terms of occupancy and some tenants have put their expansion plans on hold. However, OUE Commercial REIT has put in place measures to retain tenants and occupancy rate will likely to be stable for this period.

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REITs SYMPOSIUM 2020

REITs

Investments

Will OUE Commercial REIT set aside more distributable income for rental relief packages to tenants for 2H FY2020?
Teo ZhengLong
Teo ZhengLong
Level 3. Wonderkid
Answered 2d ago
As shared by OUE Commercial REIT during the live session, OUE Commercial REIT has provided S$13.8 million in rental relief package to their tenants for 1H FY2020. Moving forward into 2H FY2020, the REIT may still have to provide some form of rental support. Over the last couple of months, OUE Commercial REIT has seen some tenants recovered while some tenants are still in the process of recovering. Therefore, the support will be a targeted measure towards a specific group of tenants who are still in a very challenging position.

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REITs SYMPOSIUM 2020

REITs

Investments

Does OUE Commercial REIT sees any impact on its office properties since it contributes most of the revenue?
Teo ZhengLong
Teo ZhengLong
Level 3. Wonderkid
Answered 2d ago
As shared by OUE Commercial REIT during the live session, OUE Commercial REIT has highlighted that it sees minimal impact on its office properties despite contributing about 61% of the REIT’s revenue. The REIT also mentioned that the office properties will be stable for the foreseeable period. The reason being the end tenants for the office properties still continue to operate during the circuit breaker period despite the employees are working from home. Therefore, the office properties in the portfolio is the most resilient.

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REITs SYMPOSIUM 2020

REITs

Investments

What is the hedging strategy for Dasin Retail REIT since it collects rental in RMB and pay out the distribution income in SGD?
Teo ZhengLong
Teo ZhengLong
Level 3. Wonderkid
Answered 3d ago
As shared by Dasin Retail Trust during the live session, Dasin Retail Trust (“DRT”) intends to be a long-term investor in China, as such, it has taken a view not to hedge the RMB equity exposure arising from its investments in PRC unless certain risks are specifically identified. DRT’s strategy is to achieve a natural hedge through local RMB financing and any non-RMB denominated loan will be hedged into RMB if required, to protect the going concern of DRT in the event of large currency fluctuations.

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REITs SYMPOSIUM 2020

REITs

Investments

Will we see more acquisition for Dasin Retail REIT from its sponsor in the short term?
Teo ZhengLong
Teo ZhengLong
Level 3. Wonderkid
Answered 3d ago
As shared by Dasin Retail Trust during the live session, As of today, Dasin Retail Trust ("DRT") has a strong pipeline of another 15 ROFR properties located in the Guangdong-Hong Kong-Macau Greater Bay Area (the “GBA”) from its Sponsor, of which 9 are completed and 6 are under development. With the ongoing development of the GBA, the management believes that DRT will be able to benefit from the economic growth as its properties are strategically located in the heart of the GBA and is well positioned to capitalise on the growth of the region. The development of the GBA could lead to an increase in rental rates and property valuation for DRT in the long term. DRT will undertake a prudent investment approach to inject assets which enhances its portfolio and manage its cost of borrowing to ensure that a competitive distribution yield for its unitholders.

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REITs SYMPOSIUM 2020

REITs

Investments

Will Dasin Retail REIT’s major unitholders continue to wavier its right to the distribution income in 2H FY2020?
Teo ZhengLong
Teo ZhengLong
Level 3. Wonderkid
Answered 3d ago
As shared by Dasin Retail Trust during the live session, The distribution waiver arrangement, where the major unitholders will each waive a portion of their entitlement to distributions, will expire only on 31 December 2021.

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REITs SYMPOSIUM 2020

ETF

REITs

How and when are derivatives used in NikkoAm Straits trading Asia Ex-Japan Reit ETF? Why are derivatives necessary for an ETF?
Frankie Rappaport
Frankie Rappaport
Top Contributor

Top Contributor (Aug)

Level 9. God of Wisdom
Answered 5d ago
Sometimes it is easier and/or more convenient (but riskier) to use derivatives: https://www.thebalance.com/derivatives-in-etfs-1214889

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REITs SYMPOSIUM 2020

REITs

Investments

COVID-19

When will DPU be normalised for those DPU cutdue to covid19?
Lee John
Lee John
Level 7. Grand Master
Answered 6d ago
Depends on things return to normal.

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REITs SYMPOSIUM 2020

REITs

Investments

For Karen Lee at ARA Logos Log Trust. Congratulations on your recent appointment. Can you tell us in a few words what you will do to reverse the multi year decline in dpu at ARA Logos Trust?
Teo ZhengLong
Teo ZhengLong
Level 3. Wonderkid
Answered 2w ago
We will be sharing your question to ARA Logos Logistic Trust. To listen to them LIVE, do catch up with their management at 11am and 2pm during REITs Live Chat.

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REITs SYMPOSIUM 2020

Will the whole symposium be recorded and be made available to all attendees?
Agnes Lim
Agnes Lim
Level 2. Rookie
Answered 2w ago
The Live Sessions will be available under REPLAYS to all registered participants till 27 September, 2359hrs. However, the REITs Live Chat will not be recorded.

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