Mainboard-listed Mapletree Industrial Trust (MIT) has priced an offering of new units at S$1.09 a unit, in relation to the private placement of 48.5 million new units in the company. This was a discount of 2.2 per cent to the adjusted volume weighted average price of S$1.115 a unit on July 27, MIT said. It has also priced its preferential offering at S$1.06 a unit. Citigroup and DBS Bank were the joint...
Singapore REITS
Mainboard-listed CDL Hospitality Trusts on Wednesday announced a 15.2 per cent rise in its distribution per unit (DPU) to 2.96 Singapore cents for the second quarter ended June 30. That is up from 2.57 Singapore cents in the same period last year. The company said that the improvement was mainly attributed to better gross revenue - which grew 12.6 per cent on-year to S$34.6 million - as well as a one-off...
Frasers Centrepoint Trust (FCT) has posted a Distribution Per Unit (DPU) of 1.95 cents for the third quarter. This represents a fall of 5.8 per cent compared to the same period a year ago. The trust posted gross revenue of S$27.3 million and net property income of S$18.7 million, which represents year-on-year decreases of 11.1 per cent and 13.4 per cent respectively. FCT said that this was mainly due to...
Starhill Global REIT (SGR) has reported a distribution per unit (DPU) of 1.04 cent for the second quarter ended June 30. This is 14.3 per cent higher compared to the 0.91 cent it achieved for the previous corresponding period. Income to be distributed to unitholders in the quarter was S$20.2 million, 14.3 per cent higher than the S$17.7 million in the second quarter of 2010. Starhill also recorded net...
The Monetary Authority of Singapore (MAS) said it will not take any regulatory action against Global Logistics Properties Limited (GLP) after it has concluded its investigations on the firm. In a statement, the central bank said it has carefully assessed the circumstances of the case relating to an omission of information concerning a non-competition arrangement in its prospectus for public listing in...
Mapletree Logistics Trust has reported a 6.7 per cent rise in distribution per unit (DPU) for its second quarter ended June to 1.6 Singapore cents. That is up from 1.5 Singapore cents in the same period last year. The company said that this is mostly due to acquisitions, positive rental reversions and higher occupancy rates of 98.9 per cent. Net property income for the second quarter was S$57 million, a...
Singapore shopping mall developer CapitaMalls Asia said its second-quarter net profit has doubled on-year. In a filing to the Singapore Exchange, the company said its net profit came in at S$164.9 million for the second quarter, up from S$82.1 million a year ago. This is due to fair value gains, contributions from associates, and a revised accounting policy, it said. But its revenue declined 14 per cent...
Ascendas REIT said it will be developing a centre for Unilever Asia Private at an estimated development cost of S$32.3 million. This is excluding the S$26.4 million premium for the underlying land located at Nepal Park. In a filing to the Singapore Exchange (SGX), A-REIT said that in addition, the property - called Unilever Four Acres Singapore - will enlarge its presence in One-North. Specifically, it...
Ascendas Group is considering listing a yuan-denominated real estate investment trust as a way of exiting some of its property funds, its chief executive Chong Siak Ching said yesterday. A yuan REIT is "one of the options, and I'm sure many people are also looking at that as an opportunity", she said. The group is also open to other options apart from a yuan REIT, with China, Hong Kong or Singapore being...
CapitaMall Trust (CMT), which has a portfolio of 16 malls in Singapore, said yesterday that asset enhancement initiatives would be a major growth driver for the real estate investment trust. For The Atrium@Orchard, CMT will separate three levels of office space totalling 127,000 sq ft and combine this with Plaza Singapura to create a single entity with a net lettable area of about 625,000 sq ft. The...