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 …
Frasers Logistics & Commercial Trust H1 To March DPU Down 8.6%, Sees Uncertain Outlook May 13 – Frasers Logistics & Commercial Trust (FLCT) reported revenue of S$208.0 million and adjusted Net Property Income of S$155.9 million for the first half to March 2023, representing decreases of 11.7% and 13.4% respectively, from S$235.7 million and S$180.1 …
Frasers Logistics & Commercial Trust H1 To March DPU Down 8.6%, Sees Uncertain Outlook 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, …
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 »
EC World REIT’s Q1 Net Property Income Flat Compared With Q4 But Outlook Challenging May 12, 2023 – The manager of EC World REIT reported a net property income of S$26 million for Q1 2023, little changed from Q4 2022’s number. Q1 2023 distributable income to unitholders (DPU) was up 79.5% from Q4’s S$0.628 due …
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AIMS APAC REIT Divests 541 Yishun Industrial Park A In Singapore For S$12.88 Million April 24, 2023 – AIMS APAC REIT has agreed to sell 541 Yishun Industrial Park A in Singapore at S$12.88 million, representing an 8.2% premium to the property’s valuation of S$11.9 million. Net proceeds from the divestment will be utilised to repay …
AIMS APAC REIT Divests 541 Yishun Industrial Park A In Singapore For S$12.88 Million Read More »
CapitaLand Integrated Commercial Trust Q1 Net Property Income Up 11.3% to S$276.3 Million April 28, 2023 – CapitaLand Integrated Commercial Trust (CICT) Q1 to March 31 net income climbed 11.3% to S$388.5 million year-on-year, boosted by full-quarter contributions from acquisitions and higher gross rental income. The REIT expects continued rental recovery in 2023 for retail …
Mapletree Logistics Trust’s FY22/23 DPU Rises 2.5% Despite Lower Property Income May 1, 2023 – Mapletree gross revenue and net property income for the fourth quarter to March 31, 2023, declined by 2.2% and 1.8% year-on-year to S$178.9 million and $154.3 million respectively, according to a statement by its manager. The decline was largely due …
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CapitaLand Ascendas REIT Sells Singapore’s KA Place For S$35.38 Million April 22, 2023 – CapitaLand Ascendas REIT (CLAR) has sold KA Place, 159 Kampong Ampat in Singapore to KA Place SPV 1 Pte. Ltd. for S$35.38 million. The sale represents a 219% premium to the original March 2005 purchase price of S$11.1 million and a 55% …
CapitaLand Ascendas REIT Sells Singapore’s KA Place For S$35.38 Million Read More »
