Suntec Real Estate Investment Trust said its second quarter distribution per unit rose 6.6 per cent to 2.97 cents. This was on the back of higher net property income which rose 6.2 per cent on year to S$149 million for the three months ended June. The property trust said this was mainly due to higher rents achieved for the Suntec City and Park Mall properties. As at June, the committed occupancy for its...
Singapore REITS
Singapore-listed Ascendas India Trust said it will pay 2.05 cents per unit for its fiscal first quarter. This was up 25 per cent over the same period a year ago. All in, its first quarter distributable income to unit holders came to S$15.7 million. The rise was on the back of a 15 per cent increase in net property income to S$18.3 million for the three months ended June. The manager of the trust said a...
Ascendas India Trust today says it achieved a distributable income of $15.7 million for the first quarter ended 30 June 2009, this is a growth of 26% over the same period last year. DPU for the quarter was 2.06 cents, up 25% over 1Q08. Total property income for the quarter was $29.7 million, an increase of 4% from the corresponding quarter last year. Net property income was $18.3 million or 15%...
Suntec Real Estate Investment Trust has announced a distribution income of $47.7 million for the period April 1 to June 30 June FY09 (2Q FY09), which was 13.5% higher compared to the quarter ended June 30, 2008 (2Q FY08). The DPU of 2.977 cents for the quarter was 6.6% higher year-on-year. Suntec REIT achieved gross revenue of $64.5 million for the quarter, which was 8.9% higher than in 2Q FY08. For the...
Singapore-listed Starhill Global Reit, which owns stakes in Wisma Atria and Ngee Ann City, said Wednesday its distribution per unit for the second quarter rose 6.7 per cent year-on-year to 1.9 Singapore cents. Net property income for the three months to June climbed 16.4 per cent to S$27 million, mainly due to higher rates achieved for office renewals and new leases in Singapore, as well as higher revenue...
Starhill Global REIT says it has achieved a distributable income of $18.4 million for 2Q 2009. Distribution Per Unit (DPU) for the period 1 April to 30 June 2009 was 1.90 cents, 6.7% higher compared to the 1.78 cents achieved in 2Q 2008. On an annualised basis, Starhill Global says the latest distribution represents a yield of 12%. Gross revenue in 2Q09 was $33.4 million, or 10.5% higher than that of...
Singapore-listed Fortune REIT, which owns shopping malls in Hong Kong, said its distributable income for the second quarter dipped 0.7 per cent to S$14.7 million. Net property income for the three months ended June edged up slightly by 0.3 per cent to S$21.4 million. Distribution per unit for the first half of the year rose 5.9 per cent from a year ago to 19.6 Hong Kong cents. The REIT said higher...
Mainboard-listed Cambridge Industrial Trust (CIT) said on Monday it plans to raise up to S$28 million through a private placement of new units. It will issue the new units at a price of 39.2 cents each. The price represents a 5.5 per cent discount to CIT's last closing price of 41.5 cents. CIT said the number of units to be placed out has yet to be determined. Proceeds from the exercise will be used for...
CapitaMall Trust (CMT) will distribute 2.13 Singapore cents per unit to unitholders in the second quarter – down 39 per cent from a year ago due to a higher number of units as a result of a recent rights issue. Excluding the adjustment for new units through the rights issue, its distribution per unit would have risen about 15 per cent. All in, the trust had S$67.9 million to distribute in the second...
DESPITE the economic recession weighing on the property market, some Singapore-listed real estate investment trusts (Reit) that posted their results yesterday maintained or raised their payouts for the quarter ended June compared to a year ago. CapitaRetail China Trust Distribution per unit (DPU) in the second quarter rose 14.1 per cent from a year earlier to 1.94 cents. Distributable income was $12...