OUE Commercial REIT saw its net property income surge by 18 percent year on year to reach S$56.6 million ($42.62 million) in the first quarter on the back of resilient Singapore office rents and the relaunch of its flagship hotel… Read More>>
Mapletree Logistics Trust Sees Higher Borrowing Costs Dent Returns
Despite expanding its portfolio by two properties in its most recent fiscal year and collecting nearly 8 percent more rent, Mapletree Logistics Trust (MLT) saw its income distributable to unitholders edge up by just 1.1 percent in the first quarter,… Read More>>
CapitaLand’s CICT Books 11% Rise in Net Property Income as Singapore Market Booms
Singapore’s growth as a centre for commerce and technology is boosting returns for the largest REIT listed on the country’s stock exchange, with CapitaLand Integrated Commercial Trust (CICT) reporting an 11.3 percent increase in its net property income in the… Read More>>
SGX-Listed Suntec REIT Sees Distributions Slide on Interest Rates, Forex
SGX-listed Suntec REIT saw its distributable income drop to S$50.3 million in the first quarter, down 27 percent from a year earlier as high borrowing costs foreign exchange issues offset higher revenues from its core business.
Distributable income per unit… Read More>>
CapitaLand China Trust Highlights Retail Recovery as Revenue, Profit Dip
Singapore-listed CapitaLand China Trust on Tuesday offered an upbeat appraisal of the REIT’s first-quarter performance, highlighting year-on-year increases in sales and foot traffic and a gradual rise in occupancy across the retail portfolio.
Retail sales at the trust’s properties rose… Read More>>
Manulife US REIT Sells Oregon Office Park for $33.5M as Talks With Mirae Continue
Singapore-listed Manulife US REIT has sold a three-building office park in Oregon for $33.5 million as it remains in ongoing discussions with South Korea’s Mirae Asset Global Investments on a potential sale of a stake in the trust’s manager.
The… Read More>>
ESR Exploring Sale of Stake in Cromwell Property Group
Hong Kong-listed ESR aims to divest at least $1 billion in assets this year as it continues to focus on its fund management business, and those disposals could include its stake in Cromwell Property Group.
In an earnings webcast on… Read More>>
Harmeet Singh Bedi Tapped to Succeed Barbara Cambon as Prime US REIT CEO
Prime US REIT has identified Harmeet Singh Bedi as the likely successor to retiring CEO Barbara Cambon, as Singapore-listed US property trusts continue to see their share prices pummelled.
Cambon will retire as chief executive and chief investment officer of… Read More>>
CapitaLand’s CICT Posts 4.8% Rise in 2nd-Half Distributable Income, Boosted by Acquisitions
CapitaLand Integrated Commercial Trust’s distributable income rose 4.8 percent year-on-year to S$355.1 million (now $268.2 million) in the second half of 2022, as the Singapore-listed REIT profited from contributions by newly acquired properties and higher rental income from most city-state… Read More>>
Dasin Retail Trust Slapped With Default Notice After Payment Fail
Chinese mall landlord Dasin Retail Trust has received a letter from Macau’s Luso Bank declaring a default after the Singapore-listed REIT failed to make an interest payment on a $13.1 million loan facility.
Pursuant to the last interest payment made… Read More>>
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