Mapletree Industrial Trust has reported a distribution per unit (DPU) of 1.52 cents in its first financial results for the period from its listing date of October 21 to 31 December 2010. The DPU was 13.4 per cent higher than its own forecast. Mapletree said the distributable income was at S$22.28 million, 13.6 per cent higher than the forecast made by the company in its prospectus. The trust said the...
Singapore REITS
Frasers Centrepoint Trust (FCT) has announced a distribution per unit (DPU) of 1.95 cents for its first quarter of financial year 2011 which ended on December 31 last year. Distributable income for the quarter grew by 25 per cent on-year to hit S$15.01 million. As for net property income, it increased 16.8 per cent on-year to S$18.6 million. Gross revenue rose 18.5 per cent on-year to reach S$27.6...
Healthcare trust Parkway Life Reit (P-Life Reit), on Monday reported that its fourth quarter distribution per unit (DPU) rose by 16.6 per cent on-year. For the three months ending December, P-Life Reit's DPU came in at 2.38 cents, higher than the 2.05 cents announced a year ago. DPU rose as its net property income went up by 19.5 per cent on-year to S$19.7 million. For the full year, net property income...
With improving economic indicators and rising tourist arrivals, analysts are singling out retail-linked real estate investment trusts (REITs) as good investment bets for investors. Compared with the office sector, the retail sector has remained much more resilient, said Mumbai-based financial group IIFL in its Jan 11 report. It has positive ratings on retail play REITs like CapitaMall Trust and CapitMall...
Suntec Real Estate Investment Trust has reported a fourth quarter distribution per unit (DPU) of 2.316 cents, down 19.8 per cent from a year ago. Net property income for the three months ended December held steady at S$47.2 million. For the full year, net property income was marginally higher - up 0.4 per cent at $193 million. Suntec REIT said its gross revenue saw a marginal decline due to lower retail...
CapitaMalls Asia said its unit's S$200 million bonds offering was 1.82 times oversubscribed. In a filing to the Singapore Exchange, the firm said there was strong interest from retail investors, with total applications coming up to about S$181.7 million. The one-year and three-year bonds will be issued on Friday and are expected to list on the Mainboard on January 24. The one-year bonds carry interest...
Ascott Residence Trust said its distribution per unit (DPU) for the fourth quarter was 2.16 cents. That is 16 per cent better than the 1.87 cents DPU declared over the same period a year ago. The DPU is also 17 per cent higher than the 1.84 Singapore cents forecast by the company in September 2010. Ascott said this is largely due to higher revenue in the October-to-December quarter, which is up by 58...
Mapletree Logistics Trust (MLT) said it has posted a distribution per unit (DPU) of 1.55 cents for the fourth quarter ended December 31 last year. This is 1 per cent higher than 1.54 cents in the third quarter of last year. Distributable income grew 17 per cent for Q4 2010 to S$36.8 million, while net property income grew 13 per cent to S$53.8 million. MLT said the improved fourth quarter performance...
K-REIT Asia said its distribution per unit (DPU) rose 20.6 per cent on-year to 6.37 cents for its financial year ended December 2010. The commercial property investor said its distributable income for the year amounted to S$85.6 million, up 21.4 per cent from S$70.5 million one year ago. Net property income grew 37.7 per cent on-year to S$67.3 million. The trust said net property income expanded as a...
Mapletree Logistics Trust (MLT) has posted a distribution per unit (DPU) of 1.55 cents for the fourth quarter ended December 31 last year. This was 1 per cent lower than the 1.54 cents distributed in the same quarter a year ago. Distributable income grew 17 per cent for the fourth quarter of 2010 to S$36.8 million, while net property income increased 13 per cent to S$53.8 million. MLT attributed the...