Singapore-listed Parkway Life real estate investment trust (REIT) has reported a fourth quarter distribution per unit (DPU) of 2.05 Singapore cents, up 11.6 per cent from a year ago. Net property income for the three months ended December grew 9.2 per cent to S$16.5 million. For the full year, net property income was up 23.1 per cent at S$61.9 million. Parkway Life said the higher revenue was due mainly...
Singapore REITS
CapitaMall Trust (CMT) said it will pay 2.4 Singapore cents per unit for its fiscal fourth quarter. The distribution per unit (DPU) is 24.4 per cent higher than a year ago, after adjusting for a rights issue last year. Shoppers were still thronging the malls last year, despite Singapore's economic recession. And that was good news for CMT, which saw positive growth for the year ended 2009. For the full...
Mapletree Logistics Trust has acquired a warehouse at Changi South Street for S$34 million. The acquisition is expected to be completed in the first quarter of this year. The vendor of the property is CEVA Freight, which will lease back the property for an initial term of five years, with an option to extend for another five years. Its rental will rise two per cent per year from the second...
Mapletree Logistics Trust has reported a fourth quarter distribution per unit of 1.59 cents, up 8.9 per cent from a year earlier. Included in the amount distributable was a S$2.5 million consideration from Prima Limited for the extension of the lease at a Singapore property. This forms part of the amount distributable as it is part of Mapletree's taxable income for financial year 2009. As a result, the...
Ascott Residence Trust announced on Thursday that its distribution per unit (DPU) for the fourth quarter is 1.87 Singapore cents. That is 11 per cent better than the 1.69 cents DPU declared over the same period a year ago. Unitholders' distribution for the fourth quarter amounted to S$11.5 million, up 12 per cent on-year. The higher distribution in the fourth quarter came despite revenue falling 2 per...
K-REIT Asia said it will distribute 5.75 Singapore cents a unit for the quarter ended December. That's 9.7 per cent higher from a year ago. The commercial property investor said its distributable income for the quarter totalled S$19.4 million, up from S$17.4 million a year earlier. K-reit said net property income rose 13.6 per cent in the fourth quarter to S$13.4 million. Net property income for the...
CapitaCommercial Trust (CCT) said it will pay 1.88 Singapore cents per unit for its fiscal fourth quarter. The distribution per unit is 38 per cent higher than a year ago, after adjusting for a rights issue last year. The commercial rental market improved over the course of 2009, resulting in higher rental income for CCT from positive rent reversions. The acquisition of Wilkie Edge office building in...
CapitaCommercial Trust (CCT) will receive a total of S$9.3 million from Capitaland Commercial Limited (CCL). The money for the year ended 31 December 2009 is the yield protection amount in relation to the property, One George Street. CCT had bought the asset from CCL and under the terms of the deal, CCL agreed to provide a yield protection to CCT if it falls below a certain amount. As the net property...
Ascendas REIT said its third quarter distribution per unit (DPU) grew 13.5 per cent. The trust said in a statement that unit-holders will receive 3.27 Singapore cents per unit for the three months ended December, compared with 2.88 cents a year earlier. This came on the back of higher gross revenue which rose 3 per cent to S$105.1 million. Net property income for the period also increased 10 per cent to...
Mainboard-listed Frasers Centrepoint Trust (FCT) plans to acquire two shopping malls in Singapore for S$290.2 million. It will buy Northpoint 2 and YewTee Point from Yishun Development, a wholly-owned subsidiary of its parent, Fraser and Neave. FCT is proposing an equity fund raising of up to 152 million new units to partly finance the acquisitions, with the balance to be funded by borrowings. The...