Perennial China Retail Trust (PCRT) has posted S$43.6 million in amount available for distribution to unitholders for the year ended December 31. This brings its full-year distribution per unit to 3.86 Singapore cents. For the fourth quarter, amount available for distribution to unitholders was S$11.2 million. The China-focused retail development trust said distributable income for the full year was...
REITS
Shopping mall developer and operator CapitaMalls Asia announced on Thursday a 10 per cent on-year decline in its fourth-quarter net profit. The company attributed the drop mainly to lower fair value gains from investment properties in China and Singapore, as well as impairment losses in India and higher finance costs. Net profit for the quarter fell to S$184.8 million from S$205.4 million a year...
Global Logistic Properties (GLP) has reported a 31 percent on-year rise in third quarter net profit to US$113 million. The logistic facilities provider benefited from a strong lease-up of development projects as well as rental growth in China. Group revenue rose 20 percent year-on-year to US$174 million in the three months ended December Mr. Ming Z. Mei, Co-Founder and Chief Executive Officer of GLP,...
Far East Hospitality Trust has announced a higher distribution per unit (DPU) from its earlier forecast. At its maiden results briefing, the trust says DPU per stapled security will be 2.09 cents. This compared to its forecast of only 2 cents during its initial public offering (IPO) in August. The higher distribution comes on the back of a rise in income available for distribution of S$33.6...
Global Logistic Properties (GLP) announced on Monday the expansion of GLP Japan Development Venture to US$2.2 billion. It will commit an additional 29 billion yen (US$316 million) to the joint venture to develop modern logistics properties in Japan. GLP has a 50 percent stake in the JV with Canada Pension Plan Investment Board. Singapore-listed GLP is one of the world's leading providers of modern...
CDL Hospitality Trusts reported a 1.4 per cent on-year decline in income distributed per stapled security for the fourth quarter of 2012. CDL Hospitality Trusts, which is a stapled group comprising CDL Hospitality Real Estate Investment Trust and CDL Hospitality Business Trust, reported a fourth quarter distribution per unit of 2.9 cents. For the full financial year, income distributed per stapled...
Starhill Global REIT on Tuesday reported distribution per unit rose 11.9 per cent in the fourth quarter from the previous corresponding period, as its performance was boosted following the completion of asset enhancement work in Wisma Atria on Orchard Road. Distribution per unit for the three months ended Dec 31 amounted to 1.13 cents as income available for distribution rose 12.1 per cent to S$24.9...
Ascendas Hospitality Trust on Monday reported distribution per unit (DPU) of 1.77 cents for its fiscal third quarter, topping its own forecast by 4.7 per cent, as cost-cutting measures more than offset the lower-than-expected revenue. The 1.77 cents DPU takes into account the waiver of the sponsor’s distribution. Not accounting for the waiver, the DPU would have been 1.55 cents, or 5.6 per cent above...
Ascott Residence Trust reports a nine per cent increase in distribution per unit (DPU) to two cents for Q4 2012, compared to the previous year. For the full year, DPU is 8.76 cents, representing a 6.4 per cent yield. Unit-holders distribution for the fourth quarter also increased 10 per cent to nearly S$23 million compared to a year ago. The REIT attributed better performance to contributions from...
Singapore's CapitaCommercial Trust reported a 6.8 per cent increase on-year in its distribution to unit-holders for Q4 2012. This was mainly due to higher income from some of its buildings, as well as contributions from a newly acquired asset, Twenty Anson. CCT, which includes buildings like Raffles City Tower, Capital Tower, Six Battery Road in its portfolio, reported a fourth quarter distribution per...