EC World REIT (ECW)

EC World REIT's positive 1Q earnings and accretive acquisition of Fuzhou E-Commerce keep it at 'buy'
SINGAPORE (May 14): EC World REIT (ECW REIT) on May 10 announced a 2.2% increase in its 1Q19 DPU to 1.501 cents, compared to 1.469 cents in 1Q18. Distribution to unitholders was $11.9 million, 3.1% higher compared to the same quarter last year. Gross revenue came in 0.3% lower y-o-y at $23.9 million, bringing net property income (NPI) to $21.2 million, 1.4% lower y-o-y. These were mainly ...
EC World REIT started at 'buy' by RHB on China's booming e-commerce and logistics sectors
SINGAPORE (Jan 9): RHB Research is initiating a “buy” call on EC World REIT with a target price of 81 cents. Currently, the REIT has seven logistics assets in China catering to the thriving e-commerce, logistics and supply chain segment that are well-positioned in future growth segments. In a Tuesday report, analyst Vijay Natarajan says, “As its properties largely cater for domestic ...
EC World REIT posts 9% increase in 3Q DPU to 1.57 cents
SINGAPORE (Nov 7): EC World Asset Management, the manager of EC World REIT, has declared a 3Q18 DPU of to 1.57 cents, 9% higher than the 1.44 cents declared in 3Q17. Distributable income saw a 10% increase to $12.4 million from $11.3 million a year ago. During the quarter, gross revenue remained flat at $23.9 million as compared to last year, mainly due to contribution from the REIT’s ...
EC World REIT a ‘buy’ on yield compression potential
SINGAPORE (Aug 8): EC World REIT (ECW) reported 2Q18 results that came within expectations of research house SooChow CSSD Capital Markets (Asia). To recap, ECW’s 2Q18 revenue rose 7.6% y-o-y to $24.9 million while NPI rose 8.2% y-o-y to $22.8 million, driven by contribution from maiden acquisition Wuhan Meiluote. Distribution income came in 3.1% higher at $12.4 million while DPU of 1.57 ...