CapitaMall Trust (CMT) will distribute 2.13 Singapore cents per unit to unitholders in the second quarter – down 39 per cent from a year ago due to a higher number of units as a result of a recent rights issue. Excluding the adjustment for new units through the rights issue, its distribution per unit would have risen about 15 per cent. All in, the trust had S$67.9 million to distribute in the second...
REITS
DESPITE the economic recession weighing on the property market, some Singapore-listed real estate investment trusts (Reit) that posted their results yesterday maintained or raised their payouts for the quarter ended June compared to a year ago. CapitaRetail China Trust Distribution per unit (DPU) in the second quarter rose 14.1 per cent from a year earlier to 1.94 cents. Distributable income was $12...
Mapletree Logistics Trust has reported a second quarter distribution per unit (DPU) of 1.48 Singapore cents, down 27 per cent from a year earlier. The fall in DPU was mainly due to the enlarged number of outstanding units as a result of the rights issue last August. Net property income for the three months ended June rose 19.2 per cent to S$45.7 million. Distributable income meanwhile rose 26.7 per cent...
CapitaRetail China Trust (CRCT) reported that its distribution per unit (DPU) in the second quarter rose 14.1 per cent to 1.94 cents. The DPU announced is higher than the 1.7 cents DPU reported over the same period last year. Distributable income for the three months to June was S$12 million, 14.2 per cent higher than last year's S$10.5 million. Higher earnings came about as net property income grew by...
Cambridge Industrial Trust has announced a distribution of 1.345 cents per unit for the quarter April 1, 2009, to June 30, 2009 (2Q09). Total net distributable income for 2Q09 was $10.7 million with a DPU of 1.345 cents. This represents an annualised yield of 15.4% based on the closing price of 35 cents per unit as at June 30. The industrial trust says most of the properties are signed with long-term...
Mapletree Logistics Trust says it achieved a total amount distributable of $29 million for 2Q 2009, an improvement of 27% compared with 2Q 2008. On a half yearly basis, amount distributable in 1H 2009 was $57 million, an improvement of 31% over the corresponding period last year. As at 30 June 2009, the trust’s portfolio comprises 81 properties, with a book value of close to $3 billion. Of the 81...
Mainboard-listed Ascott Residence Trust announced on Thursday that its distribution per unit (DPU) for the second quarter stood at 1.79 cents. That is 18 per cent lower than the 2.19 cents reported over the same period last year. For the three months ended in June, the total amount distributable to unitholders was S$11 million, 17 per cent lower than last year's S$13.3 million. Revenue decreased by seven...
Healthcare real estate investment trust, First Reit, on Thursday reported a 0.5 per cent increase in its distribution per unit (DPU) for the second quarter. For the quarter ended in June, its DPU was 1.92 cents, higher than the 1.91 cents announced over the same period last year. Distributable income for the period rose 1.5 per cent to S$5.3 million. Going forward, First Reit said healthcare demand...
Office landlord CapitaCommercial Trust (CCT) announced Wednesday a distribution per unit (DPU) of 1.71 Singapore cents in the second quarter. That was a 32.6 per cent increase over the 1.29 cents of DPU announced over the same period last year, after adjusting for its recent rights issue. Without such adjustments, the second quarter DPU would have been lower than the DPU of 2.6 cents announced a year...
Singapore-listed K-Reit Asia has reported a second quarter distribution per unit (DPU) of 2.64 cents. This is up 21 per cent from a year ago. The manager of the property trust says the higher DPU was mainly due to higher rental rates for new and renewed leases. Net property income for the three months ended June grew 34 per cent to S$12.3 million. K-Reit says it will pay out 4.99 cents for the period...