“We are heartened that FLT has achieved results ahead of Forecast for the third consecutive financial period. This was made possible on the back of interest cost savings, proactive leasing activities and the acquisition of the three call option properties in late 2016.”
Mr. Robert Wallace, Chief Executive Officer
1.75 cents SGD (quarter ending 31 Mar 2017)
“Against a backdrop of subdued macroeconomic and office market conditions, we are pleased to announce a commendable set of results. OUE C-REIT achieved an amount available for distribution of S$16.6 million and DPU of 1.23 cents in 1Q 2017, due to resilient operational performance of the properties in its portfolio. Steady revenue and net property income growth was driven by higher occupancy at OUE Bayfront and One Raffles Place, as well as continued rental growth at Lippo Plaza.”
Ms Tan Shu Lin, Chief Executive Officer
1.23 cents SGD (1Q 2017)
“I am heartened that the Trust has been delivering increasing quarterly DPU for the last two years, underpinned by our focused efforts in yield-accretive acquisitions, better cost management and positive rental reversions. Going forward, we will continue to expand our assets, especially from the growing pipeline of quality retail malls from our sponsor, PT Lippo Karawaci Tbk, as well as explore asset enhancement initiatives to optimise the value of our existing malls.”
Ms Chan Lie Leng, Chief Executive Officer
0.89 cents SGD (1Q 2017)
“OUE H-Trust has done well in 1Q2017 achieving 18.2% higher DPS compared to 1Q2016. This is attributable to the increased contribution from the 563-room enlarged CPCA and higher occupancy at Mandarin Gallery. The operating environment is expected to remain challenging, and OUE H-Trust will continue to focus on active asset management to optimise the performance of its assets.”
Mr. Christopher Williams, Chairman
1.3 cents SGD (1Q 2017)
“We are pleased to report a strong set of 1Q 2017 results. Our DPU this quarter has surpassed projection by 8.6%. With a portfolio occupancy of 97.2%, weighted lease expiry of 5.6 years and no debt expiring till 2019, we expect the portfolio to deliver a stable performance. The U.S. economy remains strong with an unemployment rate of 4.5% in March 2017 and lower vacancy rate of the office sector by 10 basis points to 10.3% in 1Q 2017. We remain confident in the overall U.S. commercial real estate market and will continue to seek investment opportunities that will deliver long term value to Unitholders.”
Ms Jill Smith, Chief Executive Officer
1.65 cents USD (1Q 2017)
These 5 Singapore REITs are reporting earnings in week of 2-5 May 2017…
Here’s the DPU summary of 14 Singapore REITs who reported earnings in week of 24-28 Apr 2017…
“We are pleased to commence the new financial year on a strong footing by building on the growth momentum year-on-year. The 1Q2017 results demonstrate our commitment to provide our stapled securityholders with stable distributions driven by our yield accretive acquisitions and the successful AEI project at VBP .”
Mr Wilson Ang, CEO
1.854 cents SGD (1Q 2017)
“Our strategy to diversify our earnings base has continued to serve us well. In this quarter, we have seen higher GR and NPI contributions from Australia as a result of the addition of Novotel Melbourne on Collins and better performance from our Sydney properties. Our UK and Malaysia properties have also reported healthy gains in GOR and GOP despite their respective challenging trading environments. While the strength of the Japanese yen has affected the hotel occupancy levels across Kobe including ANA Crowne Plaza Kobe, we will continue to work closely with its operator to improve the hotel’s room and banquet revenues. Going forward, we remain focused on pursuing growth opportunities through asset enhancement initiatives and value creating acquisitions by leveraging on the strength of our balance sheet.”
Ms Eu Chin Fen, Chief Executive Officer
1.2063 cents SGD (2Q ending 31 Mar 2017)
“The retail environment continues to be challenging as retailers face both structural and cyclical changes. However, amidst the uncertainties, the global economies are showing signs of a turnaround. We have taken a strategic stance to ready ourselves for the recovery by rejuvenating some assets in our portfolio, and seeking out new opportunities both domestically and regionally so as to create value and strengthen long-term sustainable income for our Unitholders.”
Tan Sri Dato’ (Dr) Francis Yeoh, Chairman
1.18 cents (3Q ending 31 Mar 2017)