Mainboard-listed Ascendas REIT (A-REIT) said it will buy a commercial property in China for S$117.6 million from Hyday Holding. Located at the Jinqiao Export and Processing Zone in the Pudong New District of Shanghai, the almost 32 thousand square metre site is about 30 kilometres away from Pudong International Airport. A-REIT said Jinqiao is a preferred zone for many multi-national companies looking to...
Ascendas Reit
Mainboard-listed Ascendas REIT's distribution per unit (DPU) for the third quarter grew 0.6 per cent. The trust said in a statement that unit holders will receive 3.29 Singapore cents per unit for the three months ended December, compared with 3.27 cents a year earlier. This came on the back of higher gross revenue, which rose 3.7 per cent to S$109 million in the quarter. Net property income for the...
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...
Singapore-listed Ascendas Reit (A-REIT) said on Friday that ratings agency Moody's has upgraded its rating. Moody's has lifted A-REIT's corporate family rating to A3 from Baa1. It did so to reflect A-REIT's operating and financial strength, as evidenced by its revenue growth and high occupancy rates during the downturn. A-REIT said the move recognised its established market position as well as its...
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...
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...
INDUSTRIAL landlord Ascendas Real Estate Investment Trust (A-Reit) has enhanced its capital structure through a series of capital management initiatives. As a result, the trust has effectively extended its weighted average debt maturity to 4.5 years - from 2.4 years - and secured funds for acquisitions, it said yesterday. The trust has extended a $300 million loan that was due this month by seven years...
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...