K-Reit Asia

K-REIT Asia, a real estate investment trust sponsored by Keppel Land, reported a 37.3 per cent on-year jump in distribution income for the first quarter on positive rental reversions. Distribution income for the three months ended 31 March totalled some S$15.7 million. K-REIT attributed the increase to higher rentals achieved for new and renewed leases. For the first quarter, shareholders can expect...

K-REIT Asia's distribution per unit (DPU) climbed one per cent for the 12 months ended December 2008, hitting 8.91 Singapore cents. Total revenue for the period was up 84.2 per cent to S$23.4 million. The strong results were attributed to increasing rental rates. But real estate trust said in a filing to the Singapore Exchange that the current economic downturn is expected to affect its earnings,...

K-REIT Asia has booked a distributable income of S$40.8 million for the first nine months of the year. That is almost triple compared to same period in 2007. This works out a distribution per unit of 6.28 cents per unit. Net property income climbed 31 per cent year-on-year to hit S$27.8 million, with a distribution yield of 8.72 per cent. The jump was due largely to its acquisition of a one-third...

K-REIT Asia has booked a first quarter distributable income of S$11.4 million, up 166 per cent from the same period a year ago. The jump was mainly due to contributions from its one-third interest in One Raffles Quay, which was acquired in December 2007. K-REIT said it saw strong rental and occupancy rates. The company is hoping to raise almost S$552 million through a rights issue in March. Proceeds of...