Cache Logistics Trust reported a distribution per unit (DPU) of 5.588 cents - 1.2 per cent higher than its own forecast. According to its financial statement for the period from April 12 - when it started operations - to December 31, net property income and gross revenue stood at $41.4 million and $42.4 million respectively. The trust operates on a master lease structure, which aims to provide a high...
REITS
CDL Hospitality Trusts (CDLHT) is widely seen by analysts as poised to acquire Studio M Hotel in the Mohamed Sultan area, possibly this year. The hotel, which opened in April last year and is owned by CDLHT's sponsor, London-listed Millennium & Copthorne Hotels, is seen by the market as a logical acquisition target for CDLHT. The trust manager's CEO Vincent Yeo said yesterday that typically it takes...
Mainboard-listed CapitaRetail China Trust (CRCT) said its distribution per unit (DPU) rose 1.5 per cent in the fourth quarter to 2.07 cents, from 2.04 cents announced over the same period a year ago. Net property income over the period dipped 1.4 per cent on-year to $18.8 million, mainly due to increase in marketing and utility expenses, and higher provision for staff-related costs. Distributable income...
Frasers Commercial Trust (FCOT) has announced a distribution per unit (DPU) of 0.25 Singapore cent for its first quarter ended December 31. This is a 4.2 per cent increase compared to the year-ago DPU, said FCOT. Total distributable income grew 4.1 per cent S$12.6 million as net property income dropped 2.4 per cent to S$22.9 million and gross revenue fell 2.3 per cent to about S$29 million. FCOT said...
Mainboard-listed CDL Hospitality Trusts has announced a 4.1 per cent on-year increase in its distribution per unit (DPU) to 2.78 cents in the fourth quarter of 2010. For the full year, the trust said DPU rose 19 per cent to 10.2 cents, compared to the 8.57 cents distributed in the previous year. It said the increase came on the back of improved hospitality performance in Singapore and contribution from...
Starhill Global REIT said on Wednesday that its distribution per unit (DPU) for the fourth quarter improved by 7.2 per cent. It announced a DPU of 1.04 cents, up from the 0.97 cents declared in the year-ago period. Distributable income rose by 7.6 per cent on-year to $20.2 million, while net property income was up 37 per cent on-year to $36.7 million. Starhill said the improvement in net property income...
Moody's Investors Service expects continued growth in Singapore Real Estate Investment Trusts (S-REITs) this year in an environment of low interest rates, supportive capital markets and improved economic sentiment. In a special report, Moody's associate analyst Alvin Tan said the S-REITs will use their well-capitalized balanced sheets to fund their acquisitive growth strategies this year. The report...
Mapletree Industrial Trust has reported a distribution per unit (DPU) of 1.52 cents in its first financial results for the period from its listing date of October 21 to 31 December 2010. The DPU was 13.4 per cent higher than its own forecast. Mapletree said the distributable income was at S$22.28 million, 13.6 per cent higher than the forecast made by the company in its prospectus. The trust said the...
Frasers Centrepoint Trust (FCT) has announced a distribution per unit (DPU) of 1.95 cents for its first quarter of financial year 2011 which ended on December 31 last year. Distributable income for the quarter grew by 25 per cent on-year to hit S$15.01 million. As for net property income, it increased 16.8 per cent on-year to S$18.6 million. Gross revenue rose 18.5 per cent on-year to reach S$27.6...
Healthcare trust Parkway Life Reit (P-Life Reit), on Monday reported that its fourth quarter distribution per unit (DPU) rose by 16.6 per cent on-year. For the three months ending December, P-Life Reit's DPU came in at 2.38 cents, higher than the 2.05 cents announced a year ago. DPU rose as its net property income went up by 19.5 per cent on-year to S$19.7 million. For the full year, net property income...