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CapitaLand Ascendas REIT Buys Seagate’s R&D Facility For S$218.2 Million After S$450 Million Private Placement May 20, 2023 – CapitaLand Ascendas REIT has agreed to acquire The Shugart, an integrated high-specification research and development R&D facility and business park property,  from Seagate Singapore for S$218.24 million, its manager said. The property is situated at 26 Ayer …

CapitaLand Ascendas REIT Buys Seagate’s R&D Facility For S$218.2 Million After S$450 Million Private Placement Read More »

OUE C-REIT Q1 2023 Net Property Income Up 18% Year-on-Year, Discussing Refinancing of Borrowings Due September May 13 – OUC C-REIT’s revenue for Q1 2023 increased by 14.9% year-on-year to S$68.4 million mainly driven by higher contributions from Hilton Singapore Orchard and Singapore commercial properties. Net property income increased by 18.0% year-on-year to S$56.6 million. “Looking ahead, …

OUE C-REIT Q1 2023 Net Property Income Up 18% Year-on-Year, Discussing Refinancing of Borrowings Due September Read More »

AIMS APAC REIT Posts 5.1% Increase in Full-Year DPU May 13 – AIMS APAC REIT’s distributions to unitholders for the full year ended March 31, 2023 rose 6.5% year-on-year to S$71.6 million. Distribution per Unit (DPU) for FY2023 was 9.944 Singapore cents, representing a 5.1% year-on-year growth and a distribution yield of 7.5%, the manager said …

AIMS APAC REIT Posts 5.1% Increase in Full-Year DPU Read More »

Parkway Life REIT’s Q1 Gross Revenue Up 21.7%, DPU Climbs 2.5% April 25, 2023 – Parkway Life REIT’s Q1 gross revenue climbed 21.7% to S$37.3 million due to higher rent from Singapore’s hospitals and revenue from properties acquired in 2022. Read more here.