Mainboard-listed CDL Hospitality Trusts on Wednesday reported a higher distribution per unit (DPU) for the second quarter ended in June. It announced a DPU of 2.57 cents for the period, a 36 per cent on-year jump compared to last year's 1.89 cents. Distributable income rose by 38.7 per cent on-year to S$24.1 million while net property income increased 49.2 per cent on-year to S$28.7 million. The Trusts...
Singapore REITS
Frasers Commercial Trust on Wednesday announced a distribution per unit of 0.25 cents for the fiscal third quarter. This is an increase of 39 per cent compared to a year ago. Meanwhile, net property income for the period grew 33 per cent to S$22.7 million and distributable income rose 39 per cent to S$7.7 million. The growth was mainly due to contributions from Alexandra Technopark, the strengthening of...
Mapletree Logistics Trust has been agreed to acquire the following properties in Japan Kabushiki Kaisha A-Max to acquire the following properties in Japan: * Iwatsuki Logistics Centre: a distribution centre with ancillary office located in Iwatsuki, Saitama Prefecture with gross floor area (GFA) of 30,000 sqm. * Iruma Logistics Centre: a distribution centre with ancillary office with GFA of 26,000 sqm,...
Starhill Global REIT has reported a second quarter distribution per unit of 0.91 cent. This was 4.2 per cent lower than the restated 0.95 cent recorded in the previous corresponding period. Starhill's distributable income for the second quarter fell 3.6 per cent to S$17.7 million. Its net property income rose 6.9 per cent to S$28.9 million. Starhill said the increase was mainly due to its newly...
First Real Investment Trust, or First Reit, says its fiscal second quarter distribution per unit was 1.92 Singapore cents. This was unchanged from the DPU posted in the year ago period. Meanwhile, distributable income for the quarter rose 0.4 per cent year on year to S$5.3 million. And its net property income gained 0.7 per cent to S$7.5 million, excluding deferred rental income of property under asset...
Mapletree Logistics Trust saw a 1.35 per cent on-year increase in its distribution per unit in the second quarter this year. Its DPU for the second quarter came in at 1.5 cents, just above the 1.48 cents announced in the same period a year ago. Distributable income rose by 7.7 per cent on-year to some S$30.8 million, while net property income was up 0.3 per cent on-year to about S$45.8...
Frasers Centrepoint Trust (FCT) has announced a third quarter distribution per unit of 2.07 cents. That's 6.7 per cent higher than the DPU of 1.94 cents achieved in the same quarter last year. Distributable income over the period rose 34.6 per cent to S$16.3 million while net property income jumped 46.3 per cent to S$21.5 million. FCT said the increase in revenue was helped by contributions from its...
CapitaRetail China Trust (CRCT) said its distribution per unit or (DPU) increase to 2.07 Singapore cents in the second quarter. That's up 6.7 per cent on-year from the DPU of 1.94 Singapore cents compared to same period a year ago. Net property income over the period rose slightly 1.9 per cent on-year to S$19.8 million. CRCT's distributable income also rose some 7.3 per cent on-year to S$12.9...
Ascendas India Trust said its distribution per unit (DPU) for the first quarter stood at 1.66 cents. That's down 19 per cent from the DPU of 2.06 cents achieved in the same period the previous year. Unitholders' distribution in the first quarter also fell 19 per cent on year to S$12.67 million. Ascendas said this was mainly due to realised gains in the first quarter last year of S$4.1 million from the...
Mainboard-listed Ascott Residence Trust has reported a slight increase in its distribution per unit in the second quarter. Its Q2 DPU came in at 1.87 cents, four per cent higher than the 1.79 cents DPU announced in the year-ago period. Distributable income rose five per cent on-year to S$11.5 million, while revenue was up three per cent on-year to S$44.4 million. Ascott attributes the increased revenue...