Mainboard-listed Ascott Residence Trust (ART) says its distribution per unit (DPU) fell 6 per cent on-year in the first quarter to 1.66 cents. This is lower than the 1.77 cents announced in the year-ago period. Unitholders' distribution also dropped by 5 per cent on-year to S$10.3 million. The fall in distribution came despite revenue rising 3 per cent on-year to S$43.5 million. ART says the drop in...
Singapore REITS
Mainboard-listed CDL Hospitality Trust says its income available for distribution per stapled security, after deducting the income retained for working capital, rose 17.8 per cent on year in the first quarter to 2.32 cents. This translates to a distribution yield of 4.95 per cent for the quarter, based on a unit price of S$1.90 as at close of market on 29 April 2010. Gross revenue increased 18.1 per cent...
Suntec Real Estate Investment Trust (Suntec REIT) said its first quarter distribution per unit (DPU) fell 13.9 per cent to 2.51 cents from 2.92 cents a year ago. Distributable income for the quarter ended March 31 dipped 2.1 per cent to S$45.37 million on-year. Suntec Reit added that its net property income also fell 2.7 per cent to S$47.8 million from S$49.2 million in the same quarter a year...
Real estate investment trust Starhill Global said its restated first quarter distribution per unit or DPU rose 2.2 per cent to 0.95 cents for the period ended March 31. This is 2.2 per cent higher compared to 0.93 cents achieved for the previous corresponding period. Net distributable income for the period fell 1.8 per cent to S$18.7 million from S$19 million a year ago. However, net property income saw...
CapitaRetail China Trust said its first-quarter distribution per unit stood at 2.14 cents. This was unchanged from a year ago but up almost five per cent from the previous quarter. Distributable income in the three months ended March 31 edged up 0.26 per cent on-year to S$13.34 million. CapitaRetail China Trust said the higher revenue is due to higher rental at Xinwu Mall and contribution from Beijing...
Healthcare real estate investment trust First Reit has reported slightly higher distribution for its unitholders in the first quarter. For the first quarter ended March, its distribution per unit or DPU was 1.9 cents, up 1.1 per cent from the year-ago period. Distributable income came in at S$5.24 million dollars, 1.3 per cent higher than last year figures of S$5.18 million dollars. Net property income...
Mapletree Logistics Trust says its distribution to unit holders for the first quarter is 1.5 cents per unit, up 2 per cent from a year earlier. Total amount distributable for the three months ended March rose 7.8 per cent to S$30.8 million. Meanwhile, net property income edged up 0.9 per cent to S$45.8 million. The trust's manager says the improvement is largely due to lower property expenses and...
Frasers Commercial Trust (FCOT) announced a second quarter distribution per unit (DPU) of 0.32 Singapore cents for the period ended March 31. That is 78 per cent higher from the 0.18 cents in the same quarter last year. The growth came on the back of a 167 per cent increase in total distributable income to S$14.5 million from S$5.42 million from the second quarter last year. However, distributable...
CAPITAMALL Trust (CMT) yesterday posted sterling first-quarter results, adding that it expects an even stronger showing as the economic rebound aids the shopping malls in its portfolio. An increase in gross revenue, thanks in part to the full contribution from Sembawang Shopping Centre after an upgrade, drove a 13.6 per cent surge in distributable income to $71.1 million. Distribution per unit (DPU)...
Its Q1 distributable income rises 13.6%; net property income up 5.7% CAPITAMALL Trust (CMT) yesterday posted stronger results for the first quarter ended March 31 and signalled optimism ahead. There will be more asset enhancement initiatives at Junction 8 and Tampines Mall. Ongoing works at Raffles City Singapore and Jurong Entertainment Centre are also on schedule. 'We are now firing up all three...