Newly-listed CapitaMalls Malaysia Trust wants to ride on strong consumer spending in urban centres like the Malaysian capital Kuala Lumpur. It plans to acquire at least one or two more shopping malls in Kuala Lumpur and double its fund size to more than 4 billion ringgit, or nearly US$1.6 billion, in less than five years. Shopping is one of the favourite past times in the Malaysian capital and...
REITS
CAPITACOMMERCIAL Trust (CCT) reiterated last week that it will not distribute a special payout to unit-holders when it completes its $380 million sale of StarHub Centre in September. Likewise, it did not return proceeds to shareholders when it completed the sale of Robinson Point in April. The trust has said it is setting aside the net cash proceeds from these two divestments - totalling about $577.5...
Mainboard-listed CDL Hospitality Trusts on Wednesday reported a higher distribution per unit (DPU) for the second quarter ended in June. It announced a DPU of 2.57 cents for the period, a 36 per cent on-year jump compared to last year's 1.89 cents. Distributable income rose by 38.7 per cent on-year to S$24.1 million while net property income increased 49.2 per cent on-year to S$28.7 million. The Trusts...
Frasers Commercial Trust on Wednesday announced a distribution per unit of 0.25 cents for the fiscal third quarter. This is an increase of 39 per cent compared to a year ago. Meanwhile, net property income for the period grew 33 per cent to S$22.7 million and distributable income rose 39 per cent to S$7.7 million. The growth was mainly due to contributions from Alexandra Technopark, the strengthening of...
Mapletree Logistics Trust has been agreed to acquire the following properties in Japan Kabushiki Kaisha A-Max to acquire the following properties in Japan: * Iwatsuki Logistics Centre: a distribution centre with ancillary office located in Iwatsuki, Saitama Prefecture with gross floor area (GFA) of 30,000 sqm. * Iruma Logistics Centre: a distribution centre with ancillary office with GFA of 26,000 sqm,...
Starhill Global REIT has reported a second quarter distribution per unit of 0.91 cent. This was 4.2 per cent lower than the restated 0.95 cent recorded in the previous corresponding period. Starhill's distributable income for the second quarter fell 3.6 per cent to S$17.7 million. Its net property income rose 6.9 per cent to S$28.9 million. Starhill said the increase was mainly due to its newly...
First Real Investment Trust, or First Reit, says its fiscal second quarter distribution per unit was 1.92 Singapore cents. This was unchanged from the DPU posted in the year ago period. Meanwhile, distributable income for the quarter rose 0.4 per cent year on year to S$5.3 million. And its net property income gained 0.7 per cent to S$7.5 million, excluding deferred rental income of property under asset...
Mapletree Logistics Trust saw a 1.35 per cent on-year increase in its distribution per unit in the second quarter this year. Its DPU for the second quarter came in at 1.5 cents, just above the 1.48 cents announced in the same period a year ago. Distributable income rose by 7.7 per cent on-year to some S$30.8 million, while net property income was up 0.3 per cent on-year to about S$45.8...
Frasers Centrepoint Trust (FCT) has announced a third quarter distribution per unit of 2.07 cents. That's 6.7 per cent higher than the DPU of 1.94 cents achieved in the same quarter last year. Distributable income over the period rose 34.6 per cent to S$16.3 million while net property income jumped 46.3 per cent to S$21.5 million. FCT said the increase in revenue was helped by contributions from its...
CapitaRetail China Trust (CRCT) said its distribution per unit or (DPU) increase to 2.07 Singapore cents in the second quarter. That's up 6.7 per cent on-year from the DPU of 1.94 Singapore cents compared to same period a year ago. Net property income over the period rose slightly 1.9 per cent on-year to S$19.8 million. CRCT's distributable income also rose some 7.3 per cent on-year to S$12.9...