Mainboard-listed Saizen Reit says it has started to accumulate cash in preparation for its resumption of distribution payouts. It says it has turned the corner and expects payment of its 2010 financial year distributions to unitholders to take place in September this year. Saizen says its net property income for the third quarter ended in March fell 12.4 per cent to S$10.1 million compared to the same...
REITS
Parkway Life REIT said its first quarter distribution per unit rose 9.7 per cent to 2.07 cents, compared to 1.89 cents in the same quarter a year ago. This came on the back of a 9.7 per cent increase in distributable income to S$12.5 million for the quarter ended March, from S$11.4 million last year. Net property income for the quarter was 13.4 per cent higher at S$17.2 million. The higher revenue was...
Mainboard-listed Ascott Residence Trust (ART) says its distribution per unit (DPU) fell 6 per cent on-year in the first quarter to 1.66 cents. This is lower than the 1.77 cents announced in the year-ago period. Unitholders' distribution also dropped by 5 per cent on-year to S$10.3 million. The fall in distribution came despite revenue rising 3 per cent on-year to S$43.5 million. ART says the drop in...
Mainboard-listed CDL Hospitality Trust says its income available for distribution per stapled security, after deducting the income retained for working capital, rose 17.8 per cent on year in the first quarter to 2.32 cents. This translates to a distribution yield of 4.95 per cent for the quarter, based on a unit price of S$1.90 as at close of market on 29 April 2010. Gross revenue increased 18.1 per cent...
CapitaCommercial Trust (CCT) believes that Raffles Place has not lost its attraction as a business district. This is according to its chief executive officer Lynette Leong, who spoke on the sidelines of the trust's Annual General Meeting on Wednesday. CCT has three office properties in the Raffles Place area. The new Marina Bay Financial Centre has been attracting many financial institutions to relocate...
Suntec Real Estate Investment Trust (Suntec REIT) said its first quarter distribution per unit (DPU) fell 13.9 per cent to 2.51 cents from 2.92 cents a year ago. Distributable income for the quarter ended March 31 dipped 2.1 per cent to S$45.37 million on-year. Suntec Reit added that its net property income also fell 2.7 per cent to S$47.8 million from S$49.2 million in the same quarter a year...
Real estate investment trust Starhill Global said its restated first quarter distribution per unit or DPU rose 2.2 per cent to 0.95 cents for the period ended March 31. This is 2.2 per cent higher compared to 0.93 cents achieved for the previous corresponding period. Net distributable income for the period fell 1.8 per cent to S$18.7 million from S$19 million a year ago. However, net property income saw...
CapitaRetail China Trust said its first-quarter distribution per unit stood at 2.14 cents. This was unchanged from a year ago but up almost five per cent from the previous quarter. Distributable income in the three months ended March 31 edged up 0.26 per cent on-year to S$13.34 million. CapitaRetail China Trust said the higher revenue is due to higher rental at Xinwu Mall and contribution from Beijing...
Healthcare real estate investment trust First Reit has reported slightly higher distribution for its unitholders in the first quarter. For the first quarter ended March, its distribution per unit or DPU was 1.9 cents, up 1.1 per cent from the year-ago period. Distributable income came in at S$5.24 million dollars, 1.3 per cent higher than last year figures of S$5.18 million dollars. Net property income...
Mapletree Logistics Trust says its distribution to unit holders for the first quarter is 1.5 cents per unit, up 2 per cent from a year earlier. Total amount distributable for the three months ended March rose 7.8 per cent to S$30.8 million. Meanwhile, net property income edged up 0.9 per cent to S$45.8 million. The trust's manager says the improvement is largely due to lower property expenses and...