Ascott Residence Trust (Ascott Reit) on Friday said its its third-quarter distribution per unit (DPU) dipped 4 per cent on-year to 1.85 Singapore cents. This is compared to 1.92 Singapore cents for the same period a year ago. Ascott Reit said this is due to the some 420 million new units issued in September this year to fund the acquisition of 28 properties in Asia and Europe. It added that excluding...
Singapore REITS
Mapletree Logistics Trust's third quarter distribution per unit (DPU) has seen a 4.1 per cent increase to 1.54 cents, higher than the 1.48 cents reported last year. Mapletree Logistics' distributable income rose by 9.5 per cent on-year to S$31.5 million. Its net property income also went up by 8.1 per cent on-year to S$47.6 million. The trust says its actual cumulative DPU pursuant to its equity fund...
Mapletree Industrial Trust made a sparkling debut on Thursday, surging as much as 29 percent above its IPO price as investors were drawn by its high dividend yield amid rock-bottom interest rates. Units of Mapletree Industrial, which owns factories and other industrial properties in Singapore, opened at S$1.15 a unit against an IPO price of S$0.93. It rose as high as S$1.20 a unit. Mapletree's S$940...
Office landlord CapitaCommercial Trust (CCT) said today that its distribution per unit (DPU) for the third quarter came in at 1.99 Singapore cents, 7.6 per cent higher than the 1.85 cents declared the same period a year ago. This brings CCT's year to date DPU to 5.89 cents, 13.7 per cent more than the 5.18 cents DPU announced for the same period last year. According to analysts, the growth in CCT's...
Mainboard-listed CapitaRetail China Trust (CRCT) said on Wednesday that its distribution per unit (DPU) rose in the third quarter. DPU for the third quarter was 2.08 cents, three per cent higher than the 2.02 cents announced over the same period a year ago. Net property income over the period showed a 4.3 per cent on-year increase to S$19 million. This was largely attributed to better performance at...
Mapletree Industrial Trust (MIT) said on Tuesday it has received strong demand for its initial public offering (IPO). In all, it received a total demand of some 21.6 billion units, 37.9 times more than the 569.4 million units available for subscription. Strong demand from international and local institutional investors saw them requesting for 19.4 billion units, even though just some 488.7 million units...
Mainboard-listed Mapletree Logistics Trust said on Tuesday it was buying a warehouse facility in Japan for some S$16.2 million. It signed a sale and purchase agreement to acquire Toki Logistics Centre from Hamakyorex, a third-party logistics company in Japan. Under the deal, Hamakyorex will enter into a 10-year lease agreement with Mapletree Logistics. The property is a two-storey warehouse facility...
Ascendas Real Estate Investment Trust (A-REIT) has posted a distribution per unit of 3.3 cents for the second quarter ending 30th September. This is a drop of 5.2 percent from the year-ago period, before taking into account new issues placed over the year. For the second quarter, A-REIT is distributing S$61.8 million to unit holders, up 0.4 percent year-on-year. For the second half of the financial...
Shares of Global Logistic Properties (GLP) had a sparkling debut on the Singapore Exchange (SGX) on Monday. The stock rose 10.7 per cent on its first trading day to close at S$2.17, up from its offer price of S$1.96 a share. GLP, a real estate unit of the Government of Singapore Corp (GIC), was also the most actively traded stock on SGX. The counter saw a hefty 514 million shares changing hands, valued...
K-REIT Asia has booked a higher third quarter distribution per unit of 1.69 cents, a jump of 25.2 percent year-on-year. Distributable income for the three months ended 30 September rose over 26 percent to S$22.7 million. K-REIT said this was largely because of higher net property income and lower interest expense. Meanwhile, net property income for the group increased 42.4 per cent year on year to...