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...
REITS
Net property income up 28% to $13.9m in Q1; distribution per unit at 1.33 cts RECENT acquisitions have boosted K-Reit Asia's financial results for the first quarter ended March 31, 2010. K-Reit yesterday posted a net property income of $13.9 million - 28 per cent higher than a year ago. The trust received more rental income from the six strata floors in Prudential Tower which it bought late last year,...
K-REIT Asia said its first quarter distribution per unit (DPU) rose 12.7 per cent to 1.33 cents compared to a restated DPU of 1.18 cents recorded in the same period last year. Distributable income for the three months ended March 31 rose 13.8 per cent to S$17.8 million from S$15.7 million in the previous year. K-REIT said this was due mainly to higher net property income and income contribution from One...
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...
CAPITACOMMERCIAL Trust has posted a distributable income of $54.3 million for the first quarter of 2010, up 19.7 per cent from the same period a year ago. Reflecting the resilience of its portfolio, committed occupancy rate rose to 95.1 per cent for the quarter from 94.8 per cent for the fourth quarter of last year. Its Grade A office committed occupancy rate also rose to 99.1 per cent from 98.7 per...
CAPITACOMMERCIAL Trust (CCT) posted a total distributable income of $54.3 million for the three months ended on March 31, up 19.7 per cent from the same period last year. The real estate investment trust owns a portfolio of high-value commercial buildings with a major emphasis on office buildings. First quarter distribution per unit was 1.93 cents, up from 1.62 cents in the same period last year -...
YTL Pacific Star, the manager of Starhill Global REIT, said it is buying two properties in the Malaysian capital Kuala Lumpur for a total of S$450 million. The two properties are the Starhill Gallery and Lot 10 Shopping Centre along KL's main shopping street, Jalan Bukit Bintang. Starhill Gallery will be acquired for about S$275 million and Lot 10 will be bought for S$175.2 million. The acquisitions...
CapitaCommercial Trust (CCT) on Friday reported that its first quarter distribution per unit (DPU) stood at 1.93 cents. CCT said the DPU, which has been adjusted for rights issue, is 19.1 per cent higher than the 1.62 cents achieved a year ago. Distributable income for the three months ended March 31 rose 19.7 per cent to S$54.3 million. CCT said higher rental contribution from the trust's properties...
SHOPPING mall owner and operator CapitaMalls Asia has seen its first-quarter profits surge more than 800 per cent on the back of gains in key markets. Its assets in Singapore, China and Malaysia helped push net profit for the three months to March 31 to $96.8 million, as compared to $10.3 million for the same period a year ago. Revenue jumped by 41 per cent to $74.6 million, in contrast to $52.9 million...
Mainboard-listed CapitaMalls Asia (CMA) has posted a first quarter net profit of S$96.8 million, up more than nine-fold from a year ago. Revenue in the first three months of its fiscal year rose 41 per cent to S$74.6 million. The increase was due to profit recognition from the sale of The Orchard Residences apartments in Singapore as well as contributions from its ION Orchard mall. Fair value gain on...