REITS

Ascott Residence Trust's distribution per unit (DPU) stayed flat at 1.84 cents for the second quarter ended June 30. If year-ago results were restated to account for a rights issue, through which 481.7 million units were issued on April 11 last year, DPU would have slipped 16 per cent from 2.18 cents. Unitholders' distribution fell 15 per cent to $39.8 million. Gross revenue for Q2 rose 6 per cent to...

Frasers Centrepoint Trust's (FCT) distribution per unit (DPU) edged up 1.8 per cent year-on-year to 3.053 Singapore cents, from three cents previously, for the third quarter ended June 30. Gross revenue rose 10.9 per cent year-on-year to S$48.32 million on the back of higher contributions from three of its larger malls. Meanwhile, net property income was 13.7 per cent higher at S$35 million as revenue...

The manager of Mapletree Logistics Trust (MLT) has announced an available distribution per unit (DPU) of 1.957 cents for the 1Q19 ended June, up 3.7% from its 1Q18 DPU of 1.887 cents a year ago. Gross revenue for 1Q19 grew 10.1% on-year to $105.4 million from $95.8 million previously, maily due to higher contributions from existing properties and acquisitions in Hong Kong completed in...

The manager of Mapletree Industrial Trust (MIT) has announced a distribution per unit of 3 cents for the 1Q ended June, 2.7% higher than its 1Q18 DPU of 2.92 cents a year ago. Net property income for the quarter rose 1.9 per cent to S$69.5 million from a year ago. In a media statement, it said the wider economy and business sentiments of small and medium enterprises in Singapore "remain...

Distribution per unit (DPU) at CapitaLand Mall Trust was up for the second quarter on a rise in net property income, the manager reported yesterday. Unitholders can look forward to a DPU of 2.81 cents for the three months to June 30, a rise of 2.2 per cent on the same period a year earlier, while distributable income advanced 2.9 per cent to $100 million. The retail Reit (real estate investment...

Ascendas Hospitality Trust has on June 15 entered into an agreement with ES-CON Japan via Ascendas Hospitality Real Estate Investment Trust (A-HReit) to acquire three hotels in Japan’s Osaka city for a purchase consideration of 10.29 billion Japanese yen (S$126.1 million). The manager of the hospitality trust said that the acquisition of the three hotels, Hotel WBF Kitasemba West, Hotel WBF Kitasemba...

SUNTEC Real Estate Investment Trust posted on Wednesday a distribution per unit (DPU) of 2.596 Singapore cents for the fourth quarter ended December 31, 2016, 5.6 per cent lower than the DPU of 2.750 cents seen a year ago. Distributable income stood at S$66.1 million, 4.9 per cent lowerthan a year ago. Net property income generated was S$60.7 million, 2.9 per cent lower on year due to the divestment of...

CAMBRIDGE Industrial Trust (CIT) announced on Monday that it has entered into an agreement with RBC Investor Services Trust Singapore Limited for the proposed sale of the remaining leasehold interest in a property located at Ubi for S$22.1 million, excluding divestment costs and application goods and services tax. The five-storey light property, located at 55 Ubi Avenue 3, has a gross floor area of...

NATIONAL Trades Union Congress (NTUC) has emerged as a substantial shareholder of CapitaLand Mall Trust (CMT) after its stake in the retail Reit crossed 5 per cent last week. In a regulatory filing with the Singapore Exchange, CMT disclosed that NTUC's deemed stake went up from 4.9 per cent to 5.04 per cent on Jan 11 following the purchase of 5 million shares for S$10.07 million. CMT units closed 0.5...

BROKERAGES are flagging more volatility for the Singapore real estate investment trust (S-Reit) sector, but they are also calling a "buy" on it. This is mostly because brokerages believe S-Reits still make a good defensive yield play amid growing global uncertainty and slowing growth in major economies. Yield plays gain traction as a safe haven in an unsafe world. S-Reits have also outperformed the...