CapitaMall Trust (CMT) said on Thursday that its distribution per unit (DPU) for the third quarter stood at 2.354 cents. This is a 23 per cent improvement over the 1.91 cents DPU, for the same period last year after adjusting for a rights issue. Moreover, its distributable income for the third quarter was S$74.9 million - a 23.3 per cent on-year improvement. Its net property income also rose 8.8 per cent...
Singapore REITS
Mapletree Logisticis Trust has reported a third quarter distribution per unit of 1.48 cents, down 19.6 per cent from a year earlier. The fall in DPU was mainly due to the enlarged number of units as a result of a rights issue in August last year. However the DPU was the same as in the second quarter. Net property income for the three months ended September rose 9.5 percent to S$44 million. MapletreeLog...
CapitaMall Trust, Singapore’s biggest property trust, said third-quarter distributable income rose 23.3% from a year earlier to $74.9 million. Unitholders can expect to receive their Third Quarter 2009 distribution of 2.35 cents per unit on 26 November 2009. The annualised distribution per unit will be 9.32 cents, translating to an annualised yield of 5.27% based on the unit price of $1.77 on 21...
First Real Estate Investment Trust (First REIT), Singapore’s first healthcare real estate investment trust, today reported that its distributable income for the third quarter ended 30 September 2009 amounted to $5.22 million, or 0.8% lower than the $5.26 million in the corresponding period last year. Correspondingly, 3Q 2009 distribution per unit (DPU) remained steady at 1.90 cents. Based on its closing...
CapitaCommercial Trust (CCT) has said its distribution per unit (DPU) for the third quarter ended in September is 1.85 cents. This is a 20.1 per cent on-year rise, with last year's DPU restated to 1.54 cents after adjusting for a rights issue. Distributable income for the third quarter came in at S$52.1 million, up about 21 per cent on-year. CCT's CEO, Lynette Leong, said the performance over the period...
DPU falls as equity base grows after fund-raising, occupancy slips ASCENDAS Real Estate Investment Trust (A-Reit) yesterday reported a net property income of $81.1 million for the second quarter ended Sept 30 - up 11.7 per cent from a year ago. Distributable income also increased as a result, rising 15.4 per cent from the same period last year to $61.6 million. But distributable income per unit (DPU)...
Ascendas Real Estate Investment Trust (A-REIT) is distributing 3.48 cents per unit, down 13.2 per cent on-year, for the second quarter ended September. However, total distributable income is up 15.4 per cent at S$61.6 million, compared to the same period last year. The drop in distribution per unit is largely attributed to share dilution after the private placement of new units in August this...
Ascendas Real Estate Investment Trust (A-REIT) has announced a 11.7% y-o-y increase in net property income to $81.1 million for 2Q FY09/10 due to an enlarged portfolio compared to $97.3 million for 2Q FY08/09. Distributable income increased by 15.4% to $61.6 million from a year ago. However, DPU for the quarter fell 13.2% to 3.48 cents for the quarter from 4.01 cents a year ago. Reflecting the severe...
K-Reit Asia, the office landlord owned by Keppel Land, says its third-quarter distribution to shareholders will be $18 million, up 18.3% compared to 3Q08. This means a distribution unit of 2.69 cents. K-REIT Asia achieved a distributable income of $51.1 million for the period from Jan 1 to Sept 30, 2009. This was 25.4% higher than that for the same period in 2008, due mainly to higher rental rates...
Yugen Kaisha JOF, a subsidiary of mainboard-listed Saizen REIT, has entered into an agreement for a S$15.7-million loan from Japan's Mizuho Bank. The loan, which has been fully disbursed, has a term of 10 years. Under the terms, the asset manager of Saizen will act as a guarantor for the loan, and the property portfolio of Yugen will be pledged as security for the loan. The proceeds will be used to...