But CEO warns of impact from global slowdown SERVICED apartments owner Ascott Residence Trust is offering a 9-per-cent higher dividend payout to unitholders for the second quarter after room rates increased. It yesterday announced a total distributable income of $13.3 million, or 2.19 cents per unit, thanks to growth across its portfolio, which comprises 37 serviced-apartment residences across...
Singapore REITS
CAPITACOMMERCIAL Trust, the office landlord run by CapitaLand, will pay investors 23 per cent more in dividends for the second quarter, as it earned more rental income. Shareholders will receive $36.1 million, or 2.6 cents a share, for the three months ended June 30, from 2.12 cents a year earlier. CapitaCommercial also expects to post higher income for the rest of the year, as it increases rents on...
Ascendas India Trust (a-iTrust) has announced a distribution per unit of 1.65 cents for its first quarter ended June. This represents an annualised yield of 8.3 per cent over a-iTrust's closing price on Tuesday. The trust said its distributable income for the quarter came to S$12.4 million, 12 per cent higher than the same period last year. a-iTrust said its better showing was supported by rental growth...
Frasers Centrepoint Trust said its third quarter distributable income came to S$12.2 million, up 19% on year. Third quarter gross revenue grew 10% to S$20.8 million while net property income increased 12% to S$14.1 million. This was driven by strong rental renewals at its Causeway Point and Anchorpoint malls. Causeway Point renewed rentals at 17% above previous rates in the third quarter. Anchorpoint's...
CapitaCommercial Trust (CCT) will distribute 5.19 Singapore cents per unit for the first half of this year. This is about 23% higher than the same period last year. It also exceeds the trust manager's forecast by 4.2 per cent. The annualised distribution per unit (DPU) of 10.44 cents would provide a distribution yield of 5.5 per cent based on CCT's closing price on Tuesday. CCT, Singapore's largest...
Ascott Residence Trust is setting itself a mid-term target of having emerging markets form 70 per cent of its portfolio. The trust's current holdings of S$1.5 billion are split 50-50 between what it terms stable economies like Japan, and emerging ones like Vietnam. It made the comment when announcing its first half earnings on Wednesday. Emerging markets are proving to be a lucrative proposition for...
First Real Estate Investment Trust said it will distribute 1.91 cents per unit for its fiscal second quarter, up about 16 per cent from the same period a year ago. All in, First REIT will distribute S$5.2 million to unitholders. The trust said its net property income grew about 15 per cent in the second quarter to about S$7.5 million. Gross revenue also rose 15 per cent to S$7.5 million. The trust said...
MAPLETREE Logistics Trust yesterday announced a higher distributable income of $22.6 million, or 2.04 cents a share, for the quarter ended June 30, due to additional income from the 18 properties acquired in the past year. The distribution per unit is 28.3-per-cent higher than 1.59 cents a year earlier. Mr Chua Tiow Chye, chief executive officer of Mapletree Logistics Trust Management, said: “We...
CapitaMall Trust will distribute 3.52 cents per unit for its second quarter, up 13 per cent on year. The figure was slightly higher than expected. The mainboard-listed REIT booked a 20 per cent on-year increase in distributable income to S$58.7 million in the second quarter. CapitaMall Trust said on Thursday it is optimistic it can deliver its projected distribution of 13.9 cents for 2008. It cited...
Frasers Centrepoint, a unit of Fraser and Neave, says it's buying 18 percent of Allco REIT and all of Allco Singapore, which manages the trust. The deal is valued at S$180 million. Frasers Centrepoint will rename Allco REIT to Frasers Commercial Trust when the transaction is completed. Under the deal, Frasers Centrepoint will buy about 126 million shares in Allco REIT for 83 Singapore cents a share, a...