CapitaRetail China Trust said its first-quarter distribution per unit stood at 2.14 cents. This was unchanged from a year ago but up almost five per cent from the previous quarter. Distributable income in the three months ended March 31 edged up 0.26 per cent on-year to S$13.34 million. CapitaRetail China Trust said the higher revenue is due to higher rental at Xinwu Mall and contribution from Beijing...
REITS
Healthcare real estate investment trust First Reit has reported slightly higher distribution for its unitholders in the first quarter. For the first quarter ended March, its distribution per unit or DPU was 1.9 cents, up 1.1 per cent from the year-ago period. Distributable income came in at S$5.24 million dollars, 1.3 per cent higher than last year figures of S$5.18 million dollars. Net property income...
Mapletree Logistics Trust says its distribution to unit holders for the first quarter is 1.5 cents per unit, up 2 per cent from a year earlier. Total amount distributable for the three months ended March rose 7.8 per cent to S$30.8 million. Meanwhile, net property income edged up 0.9 per cent to S$45.8 million. The trust's manager says the improvement is largely due to lower property expenses and...
Frasers Commercial Trust (FCOT) announced a second quarter distribution per unit (DPU) of 0.32 Singapore cents for the period ended March 31. That is 78 per cent higher from the 0.18 cents in the same quarter last year. The growth came on the back of a 167 per cent increase in total distributable income to S$14.5 million from S$5.42 million from the second quarter last year. However, distributable...
CAPITAMALL Trust (CMT) yesterday posted sterling first-quarter results, adding that it expects an even stronger showing as the economic rebound aids the shopping malls in its portfolio. An increase in gross revenue, thanks in part to the full contribution from Sembawang Shopping Centre after an upgrade, drove a 13.6 per cent surge in distributable income to $71.1 million. Distribution per unit (DPU)...
Its Q1 distributable income rises 13.6%; net property income up 5.7% CAPITAMALL Trust (CMT) yesterday posted stronger results for the first quarter ended March 31 and signalled optimism ahead. There will be more asset enhancement initiatives at Junction 8 and Tampines Mall. Ongoing works at Raffles City Singapore and Jurong Entertainment Centre are also on schedule. 'We are now firing up all three...
Cambridge Industrial Trust (CIT) said on Wednesday its first quarter distribution per unit (DPU) fell 7.5 per cent to 1.27 cents, from 1.38 cents in the same period a year ago. Its distributable income for the quarter ended March 31 declined 7.2 per cent to S$11.1 million, from S$11.9 million in the previous corresponding period. The lower DPU also came on the back of lower property income which fell 2.7...
CapitaMall Trust (CMT) says its first quarter distribution per unit increased 13.2 per cent on-year to 2.23 cents. It announced a DPU of 1.97 cents in the year-ago period. First quarter distributable income rose 13.6 per cent on-year to S$71.1 million dollars, while net property income gained 5.7 per cent to S$97.6 million dollars.2 CMT says the improved performance was mainly due to higher gross...
YTL Pacific Star, the manager of Singapore-listed Starhill Global REIT, has appointed Mr Ho Sing as its new CEO. 43-year-old Ho takes over the top post from Franklin Heng, who died last December from complications following liposuction surgery. YTL said it is confident that Mr Ho will be able to execute his duties as CEO due to his experience and expertise. Mr Ho was previously the general manager of...
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,...