Singapore-listed Parkway Life Real Estate Investment Trust has reported a third-quarter distribution per unit (DPU) of 1.91 cents, up 12.1 per cent from a year ago. Net property income for the three months ended September grew 23.3 per cent to S$15.4 million. Parkway Life said it saw continued growth in the third quarter as a result of increased rental income from its Japanese properties and an upward...
Singapore REITS
Lippo-Mapletree Indonesia Retail Trust says it achieved a distributable income of $13.1 million for the quarter ended Sept 30, 2009 (3Q 2009), 23.1% below the distributable income of $17.0 million recorded in the quarter ended Sept 30, 2008 (3Q 2008). DPU for 3Q 2009 is 1.22 cents compared to 1.60 cents in 3Q 2008. Lippo-Mapletree says the lower distributable income year-on-year is due to lower specialty,...
Mainboard-listed Saizen Real Estate Investment Trust said it has defaulted on a commercial mortgage-backed securities loan worth 7.3 billion yen or about S$113 million. It said despite efforts since early last year, it was unable to find a commercially viable solution before the maturity of the YK Shintoku loan. The loan is non-recourse and Saizen said the default is not expected to affect its other...
Healthcare real estate investment trust First Reit says it is enhancing its existing Adam Road Hospital. It says it will collaborate with Health Promise, the tenant of Adam Road Hospital, and Pacific Healthcare for the enhancement. First Reit will revamp Adam Road Hospital and turn it into a modern 3-storey purpose built cancer hospital with a basement. The new building will have a gross floor area of...
Mainboard listed CDL Hospitality Trusts said it will pay 2.23 Singapore cents per unit in the third quarter, down about 24 per cent on-year. Its total income available for distribution in the quarter came to S$18.6 million. Mr Vincent Yeo, CEO of M&C REIT Management, said the weaker on-year performance reflects the impact of the global recession on travel since the beginning of this year. For the...
Starhill Global REIT today announced a distributable income $18.3 million for 3QFY2009, 7.8% higher than the $17 million in 3QFY2008. Post rights issue, Distribution Per Unit (DPU) for the period from Jul 1 to Sept 30, 2009 was 0.95 cents, 6.7% higher compared to the adjusted 0.89 cents achieved for the previous corresponding period. On an annualised basis, the latest distribution represents a yield of...
Ascott Residence Trust (Ascott REIT) says it achieved a unitholders’ distribution of $11.8 million and DPU of 1.92 cents for the quarter ended Sept 30, 2009. Ascott REIT’s annualised distribution yield is 6.7% based on the closing price of $1.09 per unit on October 27, 2009. Lim Jit Poh, Ascott Residence Trust Management Limited’s (ARTML) Chairman, says: “The severe challenges posed by the global...
Suntec Real Estate Investment Trust (Suntec REIT) says it achieved a distribution income of $47.74 million for the period Jul 1 to Sept 30 FY09, which was 8.8% higher compared to the quarter ended Sept 30 2008 (3Q FY08). The DPU of 2.921 cents for the quarter was 2.3% higher year-on-year. Suntec REIT achieved gross office revenue of $28.7 million for the quarter, which was 7.9% higher than in 3Q FY08,...
CapitaRetail China Trust (CRCT) said on Friday that its third quarter distribution per unit (DPU) is 2.02 cents. This is 0.5 per cent higher than the 2.01 cents DPU announced over the same period last year and 4.5 per cent more than the previous quarter's DPU. Distributable income for the period ended in September is S$12.6 million, 1 per cent more than last year's S$12.4 million. Net property income was...
Frasers Commercial Trust (FCOT) announced on Friday a third quarter distribution per unit of 0.2 cent. That is 26 per cent lower than the 0.27 cent DPU for the same period last year, after making adjustments for a rights issue. Distributable income for the period ended in September fell by 24 per cent on-year to S$6.14 million, though it was up by 10.4 per cent when compared to the previous quarter. Net...