Global Logistic Properties (GLP) announced on Monday the expansion of GLP Japan Development Venture to US$2.2 billion. It will commit an additional 29 billion yen (US$316 million) to the joint venture to develop modern logistics properties in Japan. GLP has a 50 percent stake in the JV with Canada Pension Plan Investment Board. Singapore-listed GLP is one of the world's leading providers of modern...
Singapore REITS
CDL Hospitality Trusts reported a 1.4 per cent on-year decline in income distributed per stapled security for the fourth quarter of 2012. CDL Hospitality Trusts, which is a stapled group comprising CDL Hospitality Real Estate Investment Trust and CDL Hospitality Business Trust, reported a fourth quarter distribution per unit of 2.9 cents. For the full financial year, income distributed per stapled...
Starhill Global REIT on Tuesday reported distribution per unit rose 11.9 per cent in the fourth quarter from the previous corresponding period, as its performance was boosted following the completion of asset enhancement work in Wisma Atria on Orchard Road. Distribution per unit for the three months ended Dec 31 amounted to 1.13 cents as income available for distribution rose 12.1 per cent to S$24.9...
Ascendas Hospitality Trust on Monday reported distribution per unit (DPU) of 1.77 cents for its fiscal third quarter, topping its own forecast by 4.7 per cent, as cost-cutting measures more than offset the lower-than-expected revenue. The 1.77 cents DPU takes into account the waiver of the sponsor’s distribution. Not accounting for the waiver, the DPU would have been 1.55 cents, or 5.6 per cent above...
Ascott Residence Trust reports a nine per cent increase in distribution per unit (DPU) to two cents for Q4 2012, compared to the previous year. For the full year, DPU is 8.76 cents, representing a 6.4 per cent yield. Unit-holders distribution for the fourth quarter also increased 10 per cent to nearly S$23 million compared to a year ago. The REIT attributed better performance to contributions from...
Singapore's CapitaCommercial Trust reported a 6.8 per cent increase on-year in its distribution to unit-holders for Q4 2012. This was mainly due to higher income from some of its buildings, as well as contributions from a newly acquired asset, Twenty Anson. CCT, which includes buildings like Raffles City Tower, Capital Tower, Six Battery Road in its portfolio, reported a fourth quarter distribution per...
Suntec Real Estate Investment Trust (Suntec REIT) has reported a 6.2 per cent on-year decline in distribution per unit at 2.326 cents for the fourth quarter of 2012. In a statement, ARA Trust Management (Suntec) Limited, manager of Suntec REIT, said its income available for distribution fell 5.3 per cent on-year to S$52.39 million in the fourth quarter. It added that fourth-quarter gross revenue and net...
Mapletree Industrial Trust has raised its distribution to unitholders for its fiscal third-quarter by 7.4 per cent from a year earlier, thanks to higher rentals and improved occupancy rates at some of its properties. Distribution per unit for the three months ended Dec. 31 was 2.32 Singapore cents, compared with 2.16 Singapore cents in same period last year, the real-estate investment trust said in a...
Global Logistic Properties Limited (GLP) will invest more than S$100 million (US$82 Million) in rooftop solar panels on twenty-two properties in Japan to promote renewable energy generation and create a new revenue stream. “As a leading developer of large-scale, modern and environmentally-friendly logistic facilities, we are delighted to announce the launch of this exciting project”, said Yoshiyuki...
CapitaMall Trust Management on Friday said its distribution per unit (DPU) was up 2.6 per cent to 2.36 cents in the fourth quarter of 2012. For the full year, unitholders will receive a total of 9.46 cents for the fiscal year, compared to 9.37 cents in 2011. CapitaMall Trust Management said that for the fourth quarter of 2012, its distributable income grew 5.7 per cent to over S$79 million. For the full...