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Frasers Commercial Trust posts flat 2Q DPU of 2.4 cents
SINGAPORE (Apr 23): The manager of Frasers Commercial Trust (FCOT) has announced a 2Q19 DPU of at 2.40 cents, unchanged from 2Q18. The distribution also brings 1H19 DPU to 4.80 cents, unchanged from a year ago. FCOT’s portfolio as at Mar 31, 2019, consists of six properties – China Square Central and Alexandra Technopark in Singapore; 50% indirect interest in Central Park, 100% indirect ...
Mapletree Industrial Trust posts 4.4% rise in 4Q DPU to 3.08 cents
SINGAPORE (Apr 22): The manager of Mapletree Industrial Trust (MIT) has announced a weighted average distribution per unit (DPU) of 3.08 cents for the 4Q18/19 ended March, some 4.4% higher than DPU of 2.95 cents a year ago. This brings full-year DPU for FY18/19 to 12.16 cents, up 3.5% from DPU of 11.75 cents for FY17/18. 4Q18/19 gross revenue grew 9.3% to $98.8 million, from $90.4 million a ...
LMIR Trust posts 18% drop in 1Q DPU to 0.55 cents
SINGAPORE (Apr 22): The manager of Lippo Malls Indonesia Retail Trust (LMIR Trust) has announced distribution per unit (DPU) of 0.55 cent for the 1Q19 ended March, some 17.9% lower than DPU of 0.67 cent a year ago. Gross rental income fell 7.1% to $37.4 million in 1Q19, from $40.3 million a year ago. The decline was due to lower rental income from Lippo Plaza Batu and Palembang Icon on the ...
Sabana REIT posts 14.8% lower DPU of 0.75 cent amid market challenges, portfolio optimisation
SINGAPORE (April 22): The manager of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana REIT) has announced a 1Q19 DPU of 0.75 cent, down 14.8% y-o-y from 0.88 cents a year ago due to lower revenue and net property income (NPI). This was largely attributed by the manager to a challenging market and portfolio optimisation, which saw the REIT divest non-performing and ...
CCT reports 3.8% higher 1Q DPU of 2.20 cents on higher property contributions
SINGAPORE (April 19): The manager of CapitaLand Commercial Trust (CCT) has reported a 1Q19 distribution per unit (DPU) of 2.20 cents, rising 3.8% y-o-y from 2.12 cents due to higher contributions from Gallileo and Asia Square Tower 2. Gross revenue and net property income (NPI) for the quarter increased by 3.5% and 3.4% to $99.8 million and $79.8 million, respectively. This comes after ...
Keppel Corp posts 40% drop in 1Q earnings to $203 mil on lower one-off gains
SINGAPORE (Apr 18): Keppel Corporation saw its earnings fall 39.9% to $202.9 million for the 1Q19 ended March, from $337.5 million a year ago. The decline was mainly attributable to the absence of a $289 million gain in 1Q18 arising from the en bloc sale of Keppel Cove in Zhongshan, China. In 1Q19, the group recorded gains of $174 million from the divestment of a 70% interest in Dong Nai ...
UOI 1Q earnings more than double to $11.4 mil
SINGAPORE (Apr 18): United Overseas Insurance (UOI), the insurance arm of United Overseas Bank (UOB), reported 1Q19 earnings increased 153% to $11.4 million, compared to $4.5 million in 1Q18. Gross premium written saw a 2.5% increase to $27.9 million from $27.2 million a year ago, mainly due to an increase in fire and reinsurance classes of insurance. Underwriting profit was 16.1% higher at ...
Qian Hu reports 5.7% higher 1Q earnings despite Dragon Fish prices staying depressed
SINGAPORE (Apr 17): Qian Hu Corporation, the integrated fish service provider, reported 1Q earnings ended March rose 5.7% to $37,000, or 0.03 cents per share, from a year ago. This despite group revenue declined 12.8% to $18.9 million as sales of Dragon Fish continued to be depressed and its accessories operations in China was restructured. Revenue from its fish segment, which includes ...
Soilbuild REIT posts 9.5% drop in 1Q DPU to 1.198 cents despite higher revenue
SINGAPORE (Apr 17): The manager of Soilbuild Business Space REIT (Soilbuild REIT) has announced distribution per unit (DPU) of 1.198 cents for the 1Q19 ended March, some 9.5% lower than DPU of 1.324 cents a year ago. Income attributable to unitholders fell 8.7% to $12.7 million in 1Q19, from $14.0 million a year ago. The manager says that this was due to property operating expenses, finance ...
Keppel REIT reports 2.1% drop in 1Q DPU to 1.39 cents
SINGAPORE (Apr 17): The manager of Keppel REIT has declared distribution per unit (DPU) of 1.39 cents for the 1Q19 ended March, some 2.1% lower than DPU of 1.42 cents a year ago. Distributable income fell 1.9% to $47.3 million for 1Q19, from $48.2 million a year ago. The decline was mainly attributable to the impact of occupancy changes, a weaker Australian dollar, and lower income ...