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Improved Operating Metrics And DPUs As S-Reits Kick Off Reporting (Business Times)

Improved Operating Metrics And DPUs As S-Reits Kick Off Reporting (Business Times)

October 25, 2021 – Five S-Reits have kicked off this quarter’s reporting season with the release of financial results for the quarter or business updates, before the market opened last Friday.

The five are SPH Reit SPHREIT: SK6U -0.51% , AIMS Apac Reit AIMS APAC Reit: O5RU +0.67% , Ascendas Reit Ascendas Reit: A17U +0.33% , Sabana Reit Sabana Reit: M1GU 0% and Suntec Reit Suntec Reit: T82U +1.33% .

These five S-Reits have reported increased distributions per unit (DPU) and improved operating metrics amid a cautiously optimistic outlook for the year end.

SPH Reit kicks off with improved full-year results led by gradual market recovery in both of its markets in Singapore and Australia. It noted that tenant sales in its Australia portfolio have recovered to pre-Covid levels despite a seven-day lockdown in July.

I

t announced fiscal 2021 DPU at 5.4 cents, increasing 98 per cent year on year and 3.6 per cent away from its previous fiscal year 2019 DPU (pre-Covid).

AIMS Apac Reit announced 4.75 cents in DPU to be distributed for first half FY2022, an 18.8 per cent increase from a year ago, buoyed by higher net property income which rose 19.4 per cent to S$47.7 million year on year.

The Reit recently announced its proposed acquisition of Woolworths Headquarters in New South Wales, Australia, which will be its largest asset across its entire portfolio.

Read more here..

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