Real Estate Investment Trusts (REITs) - Lendlease Global Commercial REIT (LREIT) is acquiring the remaining 30% stake in Paya Lebar Quarter Mall for S$116.4 million, valuing the asset at S$885 million [2][3] - The acquisition is projected to be 2.1% DPU-accretive through annual interest savings of approximately S$2 million, with funding from a S$196.6 million preferential offering [3] - LREIT's portfolio is now heavily weighted towards Singapore, with domestic assets comprising 90% of total holdings, allowing for more agile asset management [3][4] Company Earnings - Centurion Corporation reported a 67% year-on-year decline in FY2025 net profit to S$114.8 million, primarily due to non-cash accounting adjustments and one-off costs related to the CAREIT spin-off [5] - Despite the profit decline, revenue grew 17% to S$295.9 million, supported by high occupancy rates of 99% in Singapore and 98% in the UK, leading to an increase in the total yearly dividend to 4 cents [6] - The company is adopting an "asset-light" strategy to unlock capital while maintaining management fees, positioning itself for sustainable growth through 2026 [7] Agribusiness Performance - Wilmar International reported a 38.3% increase in 2H2025 net profit to US$815.9 million, driven by improved margins in the Feed and Industrial Products segment [8] - For the full year, net profit reached US$1.41 billion, a 20.6% increase, aided by a US$1.14 billion gain from re-measuring its stake in AWL Agri Business [9] - Management proposed a cautious final dividend of S$0.10 for 2026, citing macroeconomic uncertainties and potential trade tensions as risks [9][10] Initial Public Offerings (IPOs) - The UI Boustead REIT is set to launch an IPO aiming to raise S$1.2 billion at S$0.88 per unit, with a portfolio of 23 diversified assets across Singapore and Japan [11][12] - The REIT is projected to offer a 7.8% annualized distribution yield for FY2026/27, supported by a strong cornerstone investor lineup [12] - With an occupancy rate of 89.4% and a 5.8-year weighted average lease expiry, the listing reflects confidence in modern logistics and business park demand [13] Streaming Industry Developments - Netflix has withdrawn from its US$83 billion pursuit of Warner Bros. Discovery, prioritizing financial discipline over a bidding war [14] - This decision has led to a rally in Netflix shares, as investors appreciate the focus on balance sheet health, while reshaping the streaming landscape [15] - Netflix will concentrate on its US$20 billion organic content budget and internal production, maintaining its position as the sector's profit leader [15][16]