Saizen REIT property, Clair Court. (Photo: Saizen REIT)Saizen REIT property, Clair Court. (Photo: Saizen REIT)

Singapore's only Residential REIT, Saizen Real Estate Investment Trust (Saizen RET)(SGX:T8JU) will be undertaking a strategic review of options to enhance unit holder's value. Manager for the REIT, Japan Residential Assets Manager Limited, has appointed Deloitte & Touche Corporate Finance as the independent adviser to assist them with the review.

Sazien REIT completed a unit consolidation exercise last November when 5 existing units were combined into 1. Photo: Saizen REIT

Saizen REIT debuted in November 2007 when it went for IPO on the Singapore Exchange at an initial offer price of S$1.00. The REIT languished below its IPO price for much of its time after listing and was last recorded at S$0.18 before a unit consolidation exercise in November 2013 that combined 5 existing units into one.

Saizen REIT is a Singapore-based REIT that invests in a diversified portfolio of income-producing real estate located in Japan. It currently has 139 properties across 14 cities in Japan.

Units of Saizen REIT have closed slightly higher by 1.67 per cent from the previous trading day at S$0.915.

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.