distribution per unit (DPU)

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 ...
Why Maybank KE prefers Frasers Centrepoint Trust over SPH REIT
SINGAPORE (Apr 8): Maybank Kim Eng is reiterating its “hold” call on SPH REIT with an unchanged target price of $1.05 on expectations of limited retail sales growth. Instead, the research house prefers Frasers Centrepoint Trust (FCT), rated “buy” with a $2.60 target price, for its suburban-mall footprint and a 6% three-year DPU CAGR. This comes post the release of SPH REIT’s 2Q19 ...
Ascendas REIT set to thrive on overseas initiatives & new Grab project, says Maybank
SINGAPORE (Jan 31): Maybank Kim Eng continues to rate Ascendas REIT (A-REIT) at “buy” with an unchanged price target of $2.95, while highlighting the trust as its top S-REIT pick due to its scale, and as the best proxy to recovering sector fundamentals. This comes after the trust’s manager yesterday posted 3Q19 DPU of 3.998 cents, up 0.7% from 3.97 cents a year ago and in line with ...
CDL Hospitality Trusts 4Q DPS falls 2.1% to 2.77 cents on divestment impact & ongoing AEI
SINGAPORE (Jan 29): The managers of CDL Hospitality Trusts (CDL HT), a stapled group comprising CDL REIT and CDL Hospitality Business Trust, posted a 2.1% decline in 4Q18 distribution per stapled security (DPS) to 2.77 cents from 2.83 cents a year ago. This was mainly due to the absence of contribution from three properties, specifically two Brisbane hotels divested in Jan 2018, as well as ...
Ascott REIT DPU grows 5% to 2.15 cents in 4Q, scores another record year of distributable income
SINGAPORE (Jan 29): The manager of Ascott Residence Trust (Ascott REIT) has declared a distribution per unit (DPU) of 2.15 cents for 4Q18, up 5% from 2.04 cents in 4Q17 due to higher revenue. Revenue for 4Q grew 2% to $136.5 million from $134.5 million a year ago, mainly due to additional revenue from Ascott Orchard Singapore, which was acquired in Oct 2017, as well as higher revenue from ...
ESR-REIT records 8.2% higher 4Q DPU of 1.005 cents with enlarged portfolio
SINGAPORE (Jan 18): The manager of ESR-REIT posted a 4Q18 distribution per unit (DPU) of 1.005 cents, 8.2% higher than the 0.929 cents declared from a year ago. Gross revenue in the latest quarter more than doubled to $58.4 million from $27.2 million in 4Q17, after registering full quarter contributions from ESR’s two acquisitions at 8 Tuas South Lane and 7000 Ang Mo Kio Avenue ...
IREIT Global's 3Q DPU unchanged at 1.42 cents after hedging; says no more lease expiries in 2019
SINGAPORE (Nov 12): The manager of IREIT Global has announced a 3Q18 distribution per unit (DPU) of 1.42 cents, unchanged from a year ago in SGD terms after taking into account forward foreign currency exchange contracts entered into to hedge against currency risks for distribution to unitholders.   In terms of the euro currency alone, DPU for 3Q was 0.88 euros, down 4.2% from 0.92 euros ...
Ascott REIT posts 8% higher 3Q DPU of 1.82 cents on revenue growth
SINGAPORE (Nov 1): The manager of Ascott Residence Trust (Ascott REIT) has reported 3Q18 distribution per unit (DPU) of 1.82 cents, rising 8% from 1.69 cents in 3Q17 on higher revenue.   Revenue for the quarter grew 6% to $134.5 million from a year ago, mainly underpinned by additional revenue from Ascott Orchard Singapore and DoubleTree by Hilton Hotel New York – Times Square South ...
CapitaLand Retail China Trust announces 3Q DPU of 2.41 cents on higher distributable income
SINGAPORE (Oct 30): The manager of CapitaLand Retail China Trust (CRCT) has announced a 3Q18 DPU of 2.41 cents after accounting for an enlarged unit base, post CRCT’s Dec 2017 private placement to finance its joint acquisition of Rock Square. The latest quarterly DPU represents a 1.7% increase from CRCT’s of 2.37 cents a year ago, or an increase of 8.6% when compared to 3Q17’s adjusted ...
More could be in store for Mapletree Commercial Trust after a strong 2Q, say analysts
SINGAPORE (Oct 29): DBS Vickers Securities and Maybank Kim Eng are maintaining their respective “buy” and “hold” calls on Mapletree Commercial Trust (MCT) with target prices of $1.80 and $1.60, post the latest release of MCT’s results for 2Q19. In a report on Monday, DBS analyst Mervin Song says he sees the consensus target price of $1.66, which implies a price-to-book (P/.B) value ...