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CapitaLand China Trust’s Q3 Net Property Income Rose 1.2% Year-on-Year To RMB316.4 On Shopper Traffic

Oct 28, 2023 – CapitaLand China Trust said third-quarter 2023 net property income (NPI) climbed 1.2% year-on-year to RMB316.4 on recovering retail metrics. The numbers reflected an improving retail environment, with asset enhancement initiatives (AEIs) underway to further strengthen the portfolio, its manager said in a statement. Goss revenue declined 1.9% year-on-year due to the …

CapitaLand China Trust’s Q3 Net Property Income Rose 1.2% Year-on-Year To RMB316.4 On Shopper Traffic Read More »

China August Industrial Output, Retail Sales Growth Beat Expectations (Reuters)

Sept 15, 2023 – China’s economic recovery gathered pace in August as policymakers’ stimulus measures elevated consumption and manufacturing activity, but economists responded to Friday’s data release with calls for bolder moves to pull the real estate and private sectors out of the doldrums. Retail sales rose by 4.6% last month, year on year – …

China August Industrial Output, Retail Sales Growth Beat Expectations (Reuters) Read More »

Sasseur REIT’s Q2 2023 EMA Rental Income Down 0.5% Year-on-Year; DPU Down 7.2%

Aug 12, 2023 – Sasseur REIT reported a 0.5% year-on-year drop in second-quarter rental income under its entrusted management agreement (EMA) model to S$29.5 million, according to its manager. In RMB, terms, rental income was up 8.4% to 155.4 million RMB. Its distribution per unit (DPU) fell by 7.2% to S$0.01473 for the quarter ended …

Sasseur REIT’s Q2 2023 EMA Rental Income Down 0.5% Year-on-Year; DPU Down 7.2% Read More »

CapitaLand China Trust’s First-Half Net Income Down 7.4%, DPU Falls 8.8%

July 27, 2023 – CapitaLand China Trust (CLCT) posted a net property income (NPI) of RMB663.7 million for the six months ended June 30, 202, 0.8% higher than the first half of 2022. The increase in NPI was driven by better performance in CLCT’s retail portfolio and partially offset by lower contributions from the new economy portfolio, the trust’s …

CapitaLand China Trust’s First-Half Net Income Down 7.4%, DPU Falls 8.8% Read More »

Dasin Retail Trust Manager Says Majority Shareholder Disputes Director Zhang’s Claim To Terminate 2021 Agreement

New Harvest, which holds 70% of the shares in Dasin Retail Trust’s trustee-manager, is disputing the termination of a shareholders’ agreement in 2021 by Zhang Zhencheng, a director and a shareholder of the trust. The shareholders’ agreement, completed in July 2021, involved the transfer of shares from Zhang to New Harvest, which is owned by …

Dasin Retail Trust Manager Says Majority Shareholder Disputes Director Zhang’s Claim To Terminate 2021 Agreement Read More »