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...
Ascendas REIT (A-REIT) has announced a distribution per unit (DPU) of 2.73 Singapore cents for the fourth quarter ended March 31. This is down 15.5 percent from the 3.23 Singapore cents a year earlier. For the full year, A-REIT reported a DPU of 13.1 Singapore cents, up 11.4 per cent on year. Net income for the year stood in at around S$226 million, 12 per cent higher than the year-ago period. The...
Mainboard-listed Ascendas Real Estate Investment Trust (A-REIT) said it has enhanced its capital structure through a series of capital management initiatives. It said it has conducted a successful offering of S$300 million of exchangeable collaterised securities (ECS) due in 2017 with a put option in 2015. The ECS was priced at a coupon and yield to maturity of 1.6 per cent with an initial exchange price...