Tag Archives: Singapore REITS

First Reit Q3 DPU falls to 1.90 cents

Posted on 23 Oct 2009 | Comments Off on First Reit Q3 DPU falls to 1.90 cents

FIRST Real Estate Investment Trust (First Reit) reported third-quarter distributable income of $5.22 million, versus $5.26 million a year earlier, its manager Bowsprit Capital Corporation said yesterday.

Distribution per unit (DPU) for Q3 to Sept 30 was 1.90 cents, compared with 1.92 cents in the previous corresponding period.

Based on First Reit’s closing price of $0.715 on Oct 20, and annualised DPU of 7.62 cents, yield was healthy at 10.7 per cent for Q3, Bowsprit said.

The healthcare Reit’s gross revenue and net property income remained stable at $7.6 million and $7.5 million respectively.

Bowsprit chief executive Ronnie Tan said: ‘We have seen stronger occupancy at our three Indonesians hospitals, as more patients stayed back to seek medical care instead of travelling abroad.

‘Continuing growth in this sector will provide an upside potential for First Reit as our Indonesian assets enjoy a variable rental growth component in addition to annual escalation.’ Continue reading →

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CMT’s Q3 distributable income jumps 23.3%

Posted on 23 Oct 2009 | Comments Off on CMT’s Q3 distributable income jumps 23.3%

Unitholders will receive the Q3 distribution of 2.35cents on Nov26

‘With the clear but modest recovery, we expect retail sales in the upcoming months to be supported by festive spending.’ chairman of trust manager CapitaMall Trust Management

Click here for CMT’s news release

Financial results

Presentation slides

CAPITAMALL Trust (CMT) yesterday posted a net property income of $94.5 million for the third quarter ended Sept 30. This is 8.8 per cent more than a year ago.

Higher net property income was driven by an increase in gross revenue, from the purchase of The Atrium@Orchard and the completion of asset enhancement works at Sembawang Shopping Centre. Continue reading →

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