CapitaMall Trust (CMT) said its fourth-quarter distribution per unit (DPU) fell 1.4 per cent on-year to 2.36 cents. This is compared with 2.40 cents a year earlier. CMT said distributable income in the fourth quarter also fell by 1.4 per cent on-year to S$75.4 million. Net property income for the three-month period increased 5.7 per cent on-year to S$101.4 million. Meanwhile, for the full year of 2010,...
Singapore REITS
Mainboard-listed Ascendas REIT's distribution per unit (DPU) for the third quarter grew 0.6 per cent. The trust said in a statement that unit holders will receive 3.29 Singapore cents per unit for the three months ended December, compared with 3.27 cents a year earlier. This came on the back of higher gross revenue, which rose 3.7 per cent to S$109 million in the quarter. Net property income for the...
CapitaCommercial Trust (CCT) on Wednesday said that its fourth-quarter distribution per unit (DPU) was 1.94 Singapore cents. CCT reported a DPU of 1.88 Singapore cents in the fourth quarter of 2009. Distributable income for the three-month period ended December 2010 rose 3.4 percent to S$54.7 million, up from the previous year's figure of nearly S$53 million. For the full year, its distributable income...
The manager of mainboard-listed Cambridge Industrial Trust (CIT) has received a formal notice from the Singapore Land Authority on the compulsory acquisition of land that will affect its properties. CIT said the compulsory acquisition of land along Tuas Road is for the construction of Tuas West Mass Rapid Transit extension and several road works. Based on its initial assessment, CIT said three of its 43...
At least seven real estate investment trusts (REITs) that could raise around $4 billion are expected to make their debut on the Singapore Exchange this year. Analysts expect further upside for REITs and said more of them will likely ride the momentum and issues as big as last year's two mega-IPOs could be in the pipeline. One of these is the Mapletree Commercial Trust to be launched sometime in late...
A unit of CapitaMalls Asia will sell up to S$200 million in bonds to retail investors to fund its investments. Part of the funds raised will also be for general corporate purposes, the shopping mall developer said in a filing to the Singapore Exchange. CapitaMalls Asia Treasury also announced that it will sell one-year bonds carrying an interest coupon of 1 per cent a year. In addition, it will also sell...
Global Logistic Properties (GLP), which recently made two significant acquisitions in China, plans to expand further in China and Japan as well. Analysts, however, say that managing assets across two of Asia's largest markets could pose a management challenge. Shares in GLP closed almost one per cent higher yesterday, a day after the firm, partly owned by the Government of Singapore Investment Corp, said...
Shares of Global Logistic Properties (GLP) gained on the Singapore Exchange, closing 0.93 per cent higher at $2.16 on Wednesday. Investors were cheered by news that it was acquiring a 53 per cent stake in Airport City Development, developer of the Beijing Capital International Airport's cargo handling area. Analysts see the acquisition as a positive for the Singapore-listed warehouse company as China's...
The former head of CapitaMall Trust is reportedly planning to launch an initial public offering (IPO) of a real estate investment trust (Reit) in Singapore to raise $1 billion. The Reit will be floated under Perennial Real Estate - the firm established by Mr Pua Seck Guan, who left CapitaMall Trust in 2008 - and will consist of Chinese assets, according to a Dow Jones report. Quoting a person familiar...
Global Logistic Properties (GLP), a unit of the Government of Singapore Investment Corp, is in talks to acquire a majority stake in China's Airport City Development, people familiar with the matter said yesterday. Airport City Development, which is 40 per cent-owned by Beijing Capital International Airport (BCIA), is the sole developer of air cargo handling and bonded warehouse logistic facilities for...