Ascendas Real Estate Investment Trust (A-Reit) plans to acquire One@Changi City, a property at Changi Business Park, from two joint-venture partners, Frasers Centrepoint and Ascendas Pte Ltd, for S$420 million. This will partly be funded by the sale of new units that will raise at least S$408 million. A-Reit will offer, through a private placement, 90 million new units to institutional and other...
A-Reit
Ascendas Real Estate Investment Trust (A-REIT) has reported a 10.3 per cent on-year increase in Distribution per Unit (DPU) to 3.53 cents for its first quarter ended 30 June 2012. In a filing on the Singapore Exchange, A-REIT said its DPU grew despite a 7.5 per cent increase in units outstanding. The amount available for distribution increased 16.1 per cent to S$76.5 million in Q1. For the first...
JTC Corporation has awarded the tender for the business park site at Fusionopolis to Ascendas Real Estate Investment Trust (A-REIT) for S$110 million. Mr Tan Ser Ping, Executive Director and CEO of A-REIT, said the site will be developed into a modern suburban business space facility. The manager of A-REIT said the development is expected to be completed in the third quarter of financial year 2013/2014,...
Mainboard-listed Ascendas REIT (A-REIT) has submitted a S$110 million bid for a business park site at Fusionopolis. A-REIT said this property, together with its existing properties within the one-north region and the neighbouring Science Park I and II, will enhance its market leadership position in the Business & Science Parks segment. The trust is planning to develop the business park site into a...
Ascendas Real Estate Investment Trust (A-REIT) has posted a full-year distribution per unit of 13.23 cents, which is a one per cent increase from a year ago. A-REIT said the total amount available for distribution was up by 5.6 per cent to S$248 million. Gross revenue rose 8.2 per cent to S$447.6 million, contributed mainly by new investments and increase in occupancy rates. However, the increase was...
Mainboard-listed Ascendas Reit or A-Reit has acquired Neuros & Immunos, a science park property at Biopolis for S$125.6 million. A-REIT said the acquisition will strengthen its leadership position in the business & science park segment while providing a stable stream of income as the properties enjoy 100 per cent occupancy. Strategically located at Biopolis, the bio-medical research hub at...
Ascendas Real Estate Investment Trust (A-REIT) has posted a distribution per unit of 3.3 cents for the second quarter ending 30th September. This is a drop of 5.2 percent from the year-ago period, before taking into account new issues placed over the year. For the second quarter, A-REIT is distributing S$61.8 million to unit holders, up 0.4 percent year-on-year. For the second half of the financial...
Ascendas Real Estate Investment Trust says Net Property Income increased by 8.2% year-on-year to $87.3 million while distributable income rose 3.5% to $63.1 million for the quarter ended June 30 (1Q FY2010/11). Ascendas also achieved a DPU of 3.37 cents for the quarter. Net property income increased by a smaller extent of 8.2% due to higher operating expenses, attributed to the enlarged portfolio, higher...
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...