Suntec Real Estate Investment Trust (REIT) on Thursday said it will distribute 2.53 cents per unit in the second quarter. This is down 15 per cent from the DPU of 2.98 cents in the year ago period. Suntec REIT said its distributable income came to S$45.93 million for the quarter. This is a slight dip of about 4 per cent from S$47.77 million a year ago. The trust said its annualised yield stands at 7.7...
Singapore REITS
CapitaMall Trust (CMT) says it wants to participate in greenfield development projects to further grow its distribution per unit (DPU). This will be on top of its existing strategy involving active leasing, assets enhancement and selective acquisition of yield accretive projects. CMT made the comments at its results briefing on Thursday. CMT saw positive growth in the first six months of the year,...
CapitaMall Trust says its second quarter distribution per unit rose 7.5 per cent on-year to 2.29 cents. It announced a DPU of 2.13 cents in the year-ago period. Second quarter distributable income also rose 7.5 per cent on-year to S$73 million, while net property income gained 5.3 per cent to S$98.7 million. CMT says the improved performance was driven mainly by higher rental rates for new and renewed...
Office landlord CapitaCommercial Trust said its distribution per unit for the second quarter came in at 1.97 Singapore cents. When adjusted for its rights issue, the DPU is 15.2 percent higher than the 1.71 cents declared for the year-ago period. This brings CCT's first half DPU to 3.9 cents, 17.1 per cent more than the 3.33 cents DPU announced for the same period last year after adjusting for the rights...
K-REIT Asia says its second quarter distribution per unit rose 24.2 per cent to 1.64 Singapore cents compared to a restated DPU of 1.32 cents recorded in the same period last year. Distributable income for the three months ended June, rose 25.5 per cent to about S$22 million due mainly to higher net property income and lower interest expense. For the first half, K-REIT announced a DPU of 2.97 cents, a...
CapitaCommercial Trust (CCT) is selling the StarHub Centre to Frasers Centrepoint for S$380 million in cash. StarHub Centre is a 10-storey non-Grade A office building with retail space next to FCL's Centrepoint mall. It currently has a committed occupancy of 68.2 per cent and some 280,000 square feet of lettable space. The current lease for the site expires in January 2095. CCT disclosed that it has...
Ascendas Real Estate Investment Trust says Net Property Income increased by 8.2% year-on-year to $87.3 million while distributable income rose 3.5% to $63.1 million for the quarter ended June 30 (1Q FY2010/11). Ascendas also achieved a DPU of 3.37 cents for the quarter. Net property income increased by a smaller extent of 8.2% due to higher operating expenses, attributed to the enlarged portfolio, higher...
Mainboard-listed healthcare trust Parkway Life REIT (PLife REIT) has acquired five new nursing home properties in Japan for some S$46.8 million. The properties will be bought from Yugen Kaisha, which is a subsidiary of Kenedix, a real estate asset manager in Japan. PLife REIT had previously acquired 15 nursing home properties from Kenedix. It said it is buying the properties because they are...
CapitaMalls Asia (CMA) has received approval to list its Malaysian property assets on the Malaysian exchange, Bursa Malaysia. CapitaMalls Malaysia Trust (CMMT) will be the holding entity of its Malaysia-based shopping malls, with some 1.35 billion CMMT units expected to be listed. An expected 786.5 million units will be offered for sale, with CMA retaining a 41.74 per cent in CMMT. A book-building...
CapitaCommercial Trust says it has yet to make a decision on its StarHub Centre property. It says it is evaluating all options for its asset plan for the property and has not arrived at any decision at this point. As part of the evaluation process, CCT says it conducted a non-legally binding expression of interest exercise to ascertain interest for the sale of the property. It adds that there is no...