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...
REITS
Shares of Global Logistic Properties (GLP) had a sparkling debut on the Singapore Exchange (SGX) on Monday. The stock rose 10.7 per cent on its first trading day to close at S$2.17, up from its offer price of S$1.96 a share. GLP, a real estate unit of the Government of Singapore Corp (GIC), was also the most actively traded stock on SGX. The counter saw a hefty 514 million shares changing hands, valued...
K-REIT Asia has booked a higher third quarter distribution per unit of 1.69 cents, a jump of 25.2 percent year-on-year. Distributable income for the three months ended 30 September rose over 26 percent to S$22.7 million. K-REIT said this was largely because of higher net property income and lower interest expense. Meanwhile, net property income for the group increased 42.4 per cent year on year to...
CapitaMalls Malaysia Trust (CMMT) said its distribution per unit (DPU) for the third quarter will be 0.66 Singapore cents. This is its first reported results since its listing in mid-July this year. CMMT said its distributable income came in at S$8.9 million for the quarter. Net property income amounted to S$12.7 million. With an annualised DPU of 3.04 Singapore cents, CMMT said it was on track to...
INVESTORS may soon be able to own a piece of VivoCity - Singapore's largest mall - by the mid of next year, according to Mapletree Investments chief financial officer Wong Mun Hoong. Mr Wong said the firm is planning to list a commercial real estate investment trust (Reit) - Mapletree Commercial Trust - that will raise at least $500 million. It will hold about $3 billion to $4 billion of commercial...
Sabana Reit is planning to raise about $600 million in an initial public offering on the Singapore Exchange in the first syariah-compliant listing here, a person familiar with the situation said yesterday. The company - poised to become the largest syariah-compliant real estate investment trust in the world - is planning to launch the offering by the end of the year, the source told Dow Jones...
Temasek-linked Mapletree Industrial Trust has launched Singapore's second biggest IPO this year and will raise as much as 1.2 billion Singapore dollars if the over allotment of 91.7 million shares is exercised. This was just a day after GIC's Global Logistic Properties launched the biggest share offering in Singapore since 1993. Mapletree has priced its IPO at 93 cents, the top end of its indicated...
Property developer Keppel Land plans to sell one-third stake of its Phase One of Marina Bay Financial Centre (MBFC) to K-REIT Asia for about S$1.4 billion. This is part of an asset swap agreement with K-REIT, a real estate investment trust. Under the deal, K-REIT will in turn sell Keppel Towers and GE Tower (KTGE) to Keppel Land for S$573 million. The one-third stake of Marina Bay Financial Centre Phase...
Mapletree Industrial Trust has planned to raise as much as S$1.2 billion in gross proceeds from a sale of its units. It's launching the initial public offering (IPO) to retail, institutional and cornerstone investors Mapletree Industrial Trust said it was offering 594.9 million units in its IPO. In a prospectus filed with the Monetary Authority of Singapore, the trust said the unit would be priced...
The Government of Singapore Investment Corporation (GIC) has said its logistics arm could seek to raise as much as S$3.9 billion in its initial public offering. This would make it the country's second-biggest IPO. Global Logistic Properties has set an indicative price range of S$1.78 to S$1.96 per share. According to its prospectus, the IPO will comprise up to nearly two billion shares, including for...