Singapore's real estate investment trusts (REITs) have risen more than 140 per cent since March 2009 and their value could go up by another 60 per cent, according to analysts. REITs are currently offering juicy yields, which may start looking less attractive to investors when Singapore government bond yields start to climb higher. Even then, analysts said there still are some standout performers among...
REITS
Ascendas India Trust today reported total property income for 1H FY2010/11 ending Sept 30, 2010, was $60.5 million, an increase of 1% from the same period last year. Net property income was $37.1 million, or marginally lower by 1%. In Indian Rupee terms, total property income was 2% higher, while net property income was unchanged in 1H FY2010/11, compared to the year before. For 2Q FY2010/11, total and...
Frasers Commercial Trust has posted a 55 per cent increase in its fourth-quarter distribution per unit to 0.31 cents. This is in line with its higher distributable income which rose 78 per cent to S$14.2 million. For the three months ended September 30, Frasers saw net property income rise by 16 per cent to S$23.2 million. Revenue increased 14 per cent to S$29 million. This was partly due to better...
Ascott Residence Trust (Ascott Reit) on Friday said its its third-quarter distribution per unit (DPU) dipped 4 per cent on-year to 1.85 Singapore cents. This is compared to 1.92 Singapore cents for the same period a year ago. Ascott Reit said this is due to the some 420 million new units issued in September this year to fund the acquisition of 28 properties in Asia and Europe. It added that excluding...
Mapletree Logistics Trust's third quarter distribution per unit (DPU) has seen a 4.1 per cent increase to 1.54 cents, higher than the 1.48 cents reported last year. Mapletree Logistics' distributable income rose by 9.5 per cent on-year to S$31.5 million. Its net property income also went up by 8.1 per cent on-year to S$47.6 million. The trust says its actual cumulative DPU pursuant to its equity fund...
Mapletree Industrial Trust made a sparkling debut on Thursday, surging as much as 29 percent above its IPO price as investors were drawn by its high dividend yield amid rock-bottom interest rates. Units of Mapletree Industrial, which owns factories and other industrial properties in Singapore, opened at S$1.15 a unit against an IPO price of S$0.93. It rose as high as S$1.20 a unit. Mapletree's S$940...
Office landlord CapitaCommercial Trust (CCT) said today that its distribution per unit (DPU) for the third quarter came in at 1.99 Singapore cents, 7.6 per cent higher than the 1.85 cents declared the same period a year ago. This brings CCT's year to date DPU to 5.89 cents, 13.7 per cent more than the 5.18 cents DPU announced for the same period last year. According to analysts, the growth in CCT's...
Mainboard-listed CapitaRetail China Trust (CRCT) said on Wednesday that its distribution per unit (DPU) rose in the third quarter. DPU for the third quarter was 2.08 cents, three per cent higher than the 2.02 cents announced over the same period a year ago. Net property income over the period showed a 4.3 per cent on-year increase to S$19 million. This was largely attributed to better performance at...
Mapletree Industrial Trust (MIT) said on Tuesday it has received strong demand for its initial public offering (IPO). In all, it received a total demand of some 21.6 billion units, 37.9 times more than the 569.4 million units available for subscription. Strong demand from international and local institutional investors saw them requesting for 19.4 billion units, even though just some 488.7 million units...
Mainboard-listed Mapletree Logistics Trust said on Tuesday it was buying a warehouse facility in Japan for some S$16.2 million. It signed a sale and purchase agreement to acquire Toki Logistics Centre from Hamakyorex, a third-party logistics company in Japan. Under the deal, Hamakyorex will enter into a 10-year lease agreement with Mapletree Logistics. The property is a two-storey warehouse facility...