Diversified Industries

Avi Dalfen

Pennock Idea Hub

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Thematic (Sector/Industry)

<a href="https://www.smartkarma.com/entities/39" target="_blank" data-smartkarma-citation="entities:39:1">Ascendas Real Estate Investment Trust (AREIT SP)</a> announced that it will acquire a portfolio of 12 logistics properties in the United Kingdom for £207 million.   Ascendas is #22 in our ranking of publicly traded companies that are plays on the industrial segment of the Real Estate sector (see: <a href="https://www.smartkarma.com/insights/the-global-plays-on-growing-demand-for-last-mile-industrial-real-estate" target="_blank" data-smartkarma-citation="insights:22092">The Global Plays on Growing Demand for Last Mile Industrial Real Estate</a>).
After the transaction closes, the U.K. portfolio will make up only about 3% of Ascendas' total assets.  However, this acquisition is…

Ascendas Real Estate Investment Trust (AREIT SP) announced that it will acquire a portfolio of 12 logistics properties in the United Kingdom for £207 million.   Ascendas is #22 in our ranking of publicly traded companies that are plays on the industrial segment of the Real Estate sector (see: The Global Plays on Growing Demand for Last Mile Industrial Real Estate).
After the transaction closes, the U.K. portfolio will make up only about 3% of Ascendas' total assets.  However, this acquisition is…

Ascendas Reit's U.K. Deal Juxtaposes Regional Markets for Last Mile Industrial Real Estate

As confirmed by a new report from <a href="https://www.smartkarma.com/entities/19659" target="_blank" data-smartkarma-citation="entities:19659:1">Cbre Group Inc A (CBG US)</a> (see: <a href="https://www.cbre.com/research-and-reports/Global-Industrial-and-Logistics-Prime-Rents-July-2018" target="_blank">CBRE report</a>), “Despite an uncertain geopolitical environment, the global economy continues to support a strong Industrial and Logistics (or what we call ‘Last Mile Industrial’) sector in major hubs worldwide”.   
As noted in CBRE’s report, this is clearly a global phenomenon, as it is taking place in every developed region, plus some regions that are not yet developed.  However, this strong performance is not universal.  Some…

As confirmed by a new report from Cbre Group Inc A (CBG US) (see: CBRE report), “Despite an uncertain geopolitical environment, the global economy continues to support a strong Industrial and Logistics (or what we call ‘Last Mile Industrial’) sector in major hubs worldwide”.   
As noted in CBRE’s report, this is clearly a global phenomenon, as it is taking place in every developed region, plus some regions that are not yet developed.  However, this strong performance is not universal.  Some…

Asia’s Exciting Outlook for Last Mile Industrial Real Estate

This report is an introduction to 28 publicly traded industrial real estate companies from around the world.
<ul>
<li>
In two reports, <a href="https://www.smartkarma.com/insights/still-early-days-for-the-last-mile-industrial-segment-of-the-real-estate-sector" target="_blank" data-smartkarma-citation="insights:20230">Still “Early Days” for the Last Mile Industrial Segment of the Real Estate Sector</a> and <a href="https://www.smartkarma.com/insights/global-industry-leaders-confirm-still-early-days-for-last-mile-industrial-real-estate" target="_blank" data-smartkarma-citation="insights:21596">Global Industry Leaders Confirm: Still “Early Days” for Last Mile Industrial Real Estate</a>, we put forward the reasons why the Last Mile Industrial sub-sector of the real estate industry is ideally positioned for continuing growth.
</li>
<li>Each publicly traded entity that is presented in this report has significant exposure to “Last Mile” activities. This report ranks them by square feet owned and provides brief introductions to each of them.</li>
<li>Given the above, we believe the companies we present in this report, are as a group, likely poised to grow faster than the rest of the Real Estate sector.</li>
</ul>

This report is an introduction to 28 publicly traded industrial real estate companies from around the world.


In two reports, Still “Early Days” for the Last Mile Industrial Segment of the Real Estate Sector and Global Industry Leaders Confirm: Still “Early Days” for Last Mile Industrial Real Estate, we put forward the reasons why the Last Mile Industrial sub-sector of the real estate industry is ideally positioned for continuing growth.

Each publicly traded entity that is presented in this report has significant exposure to “Last Mile” activities. This report ranks them by square feet owned and provides brief introductions to each of them.
Given the above, we believe the companies we present in this report, are as a group, likely poised to grow faster than the rest of the Real Estate sector.


The Global Plays on Growing Demand for Last Mile Industrial Real Estate

Founder, Riedel Research

David Riedel

Founder

Independent equity research on GEM Markets

Riedel Research

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David Riedel was interviewed on Bloomberg last Friday.  The audio is attached here with elaboration on the points and specific, actionable ideas.<ul>
<li>Now that Trump has pulled the trigger and fired the first shot at China in trade war with tariffs we believe we are in the early stages of a full trade war. This will weaken sentiment and I suspect you will see growth estimates for 2019 start to come down. IMF is still looking for 3.9% in 2019 (with 2.9% growth in the US). This will be difficult to…</li>
</ul>

David Riedel was interviewed on Bloomberg last Friday.  The audio is attached here with elaboration on the points and specific, actionable ideas.
Now that Trump has pulled the trigger and fired the first shot at China in trade war with tariffs we believe we are in the early stages of a full trade war. This will weaken sentiment and I suspect you will see growth estimates for 2019 start to come down. IMF is still looking for 3.9% in 2019 (with 2.9% growth in the US). This will be difficult to…


Riedel Bloomberg Interview Focuses on Best EM Opportunities Now and Outlook for 2019

Singapore Property Analyst

Anni Kum

<ul>
<li>
<a href="https://www.smartkarma.com/entities/16035" target="_blank" data-smartkarma-citation="entities:16035:1">Mapletree Logistics Trust (MLT SP)</a> to acquire five modern logistics properties in one swoop at S$778 million from CWT Pte. Limited (unit of HNA Group). </li>
<li>Sizeable Singapore acquisition after a 4-year hiatus by MLT likely signals the logistics sector's recovery. </li>
<li>Acquisition expected to be DPU-accretive at 6.2% initial yield with potential upside from built-in annual rental escalation on SLB terms with WALE of over 8 years.</li>
<li>Current gearing level of 38% already one of the highest amongst…</li>
</ul>



Mapletree Logistics Trust (MLT SP) to acquire five modern logistics properties in one swoop at S$778 million from CWT Pte. Limited (unit of HNA Group). 
Sizeable Singapore acquisition after a 4-year hiatus by MLT likely signals the logistics sector's recovery. 
Acquisition expected to be DPU-accretive at 6.2% initial yield with potential upside from built-in annual rental escalation on SLB terms with WALE of over 8 years.
Current gearing level of 38% already one of the highest amongst…


Singapore REIT Talk (2-7 Jul 2018): Mapletree Logistics Trust to Beef up SG Portfolio

Singapore

Mapletree Logistics Trust is a Singapore-based real estate investment trust (REIT) that invests in a diversified portfolio of income-producing logistics real estate and related assets across Asia Pacific. It provides logistics spaces and offers services such as leasing, sale & leaseback, asset enhancement, and development. The company is headquartered in Singapore and was founded in 2004.

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Mapletree Logistics (MLT SP)

Ascendas Reit's U.K. Deal Juxtaposes Regional Markets for Last Mile Industrial Real Estate

Ascendas Real Estate Investment Trust (AREIT SP) announced that it will acquire a portfolio of 12 logistics properties in the United Kingdom...

Avi Dalfen

Asia’s Exciting Outlook for Last Mile Industrial Real Estate

As confirmed by a new report from Cbre Group Inc A (CBG US) (see: CBRE report), “Despite an uncertain geopolitical environment, the global economy...

Avi Dalfen

The Global Plays on Growing Demand for Last Mile Industrial Real Estate

This report is an introduction to 28 publicly traded industrial real estate companies from around the world. In two reports, Still “Early Days”...

Avi Dalfen

Riedel Bloomberg Interview Focuses on Best EM Opportunities Now and Outlook for 2019

David Riedel was interviewed on Bloomberg last Friday. The audio is attached here with elaboration on the points and specific, actionable...

David Riedel

Singapore REIT Talk (2-7 Jul 2018): Mapletree Logistics Trust to Beef up SG Portfolio

Mapletree Logistics Trust (MLT SP) to acquire five modern logistics properties in one swoop at S$778 million from CWT Pte. Limited (unit of HNA...

Anni Kum

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