Frasers Commercial Trust (FCOT) announced a second quarter distribution per unit (DPU) of 0.32 Singapore cents for the period ended March 31. That is 78 per cent higher from the 0.18 cents in the same quarter last year. The growth came on the back of a 167 per cent increase in total distributable income to S$14.5 million from S$5.42 million from the second quarter last year. However, distributable...
REITS
CAPITAMALL Trust (CMT) yesterday posted sterling first-quarter results, adding that it expects an even stronger showing as the economic rebound aids the shopping malls in its portfolio. An increase in gross revenue, thanks in part to the full contribution from Sembawang Shopping Centre after an upgrade, drove a 13.6 per cent surge in distributable income to $71.1 million. Distribution per unit (DPU)...
Its Q1 distributable income rises 13.6%; net property income up 5.7% CAPITAMALL Trust (CMT) yesterday posted stronger results for the first quarter ended March 31 and signalled optimism ahead. There will be more asset enhancement initiatives at Junction 8 and Tampines Mall. Ongoing works at Raffles City Singapore and Jurong Entertainment Centre are also on schedule. 'We are now firing up all three...
Cambridge Industrial Trust (CIT) said on Wednesday its first quarter distribution per unit (DPU) fell 7.5 per cent to 1.27 cents, from 1.38 cents in the same period a year ago. Its distributable income for the quarter ended March 31 declined 7.2 per cent to S$11.1 million, from S$11.9 million in the previous corresponding period. The lower DPU also came on the back of lower property income which fell 2.7...
CapitaMall Trust (CMT) says its first quarter distribution per unit increased 13.2 per cent on-year to 2.23 cents. It announced a DPU of 1.97 cents in the year-ago period. First quarter distributable income rose 13.6 per cent on-year to S$71.1 million dollars, while net property income gained 5.7 per cent to S$97.6 million dollars.2 CMT says the improved performance was mainly due to higher gross...
YTL Pacific Star, the manager of Singapore-listed Starhill Global REIT, has appointed Mr Ho Sing as its new CEO. 43-year-old Ho takes over the top post from Franklin Heng, who died last December from complications following liposuction surgery. YTL said it is confident that Mr Ho will be able to execute his duties as CEO due to his experience and expertise. Mr Ho was previously the general manager of...
GOVERNMENT policies aimed at cushioning the financial crisis and cheaper utility bills have helped bolster Ascendas Real Estate Investment Trust's (A-Reit's) full- year distributable income by 11.4 per cent to $234.9 million. Distribution per unit for the year ended March 31 fell by 13.7 per cent, from 15.18 cents to 13.10 cents, and for the fourth quarter by 15.5 per cent, from 3.23 cents to 2.73 cents,...
ASCENDAS Real Estate Investment Trust (A-Reit) saw a 1.4 per cent dip in its distribution per unit (DPU) for the fourth quarter ended March 31, from 2.77 cents to 2.73 cents. For the financial year, the Reit saw an 11.4 per increase in its DPU from 11.76 cents to 13.10 cents. These comparisons were based on the proforma DPUs from the previous financial year, which took into account the units issued from...
Net property income up 28% to $13.9m in Q1; distribution per unit at 1.33 cts RECENT acquisitions have boosted K-Reit Asia's financial results for the first quarter ended March 31, 2010. K-Reit yesterday posted a net property income of $13.9 million - 28 per cent higher than a year ago. The trust received more rental income from the six strata floors in Prudential Tower which it bought late last year,...
K-REIT Asia said its first quarter distribution per unit (DPU) rose 12.7 per cent to 1.33 cents compared to a restated DPU of 1.18 cents recorded in the same period last year. Distributable income for the three months ended March 31 rose 13.8 per cent to S$17.8 million from S$15.7 million in the previous year. K-REIT said this was due mainly to higher net property income and income contribution from One...