“We are encouraged by MLT’s DPU growth in 4Q and resilient performance for FY16/17, despite a challenging leasing environment. Looking ahead, we will continue to improve the quality of the portfolio and drive marketing and asset management to deliver sustainable unitholders’ returns.”
Ms Ng Kiat, Chief Executive Officer
1.86 cents (4Q ending 31 Mar 2017)
“While there is continued headwinds across the industry with rents under pressure from the oversupply situation in the Singapore industrial market, data from the first quarter of 2017 is reflecting early signs of recovery and providing some optimism. Amidst the uncertain economic outlook, our results show that we remain steadfast on our strategy to deliver stable earnings for our Unitholders.”
“We do this by continuing to proactively manage our assets and lease expiries with tenant retention as the top priority. In addition, we remain focused on asset enhancement and redevelopment strategies to future proof our asset portfolio given the changing tenant needs.”
Koh Wee Lih, Chief Executive Officer
2.78 cents SGD (4Q 2017)
“Our proactive portfolio management and prudent capital management have yielded stable DPU returns in FY16/17 despite the challenging business environment. The three properties continued to demonstrate resilience, achieving positive rental reversions and high occupancies.
For FY17/18, we remain committed to driving organic growth and extracting operational efficiencies, as well as to carry out asset enhancement works to maintain the prime positioning of our assets. In addition to a disciplined capital management approach to mitigate the impact of interest rate and foreign exchange volatilities, we will also continue to seek out opportunities to enhance and add to the value of our portfolio.”
Ms. Cindy Chow, Chief Executive Officer
1.959 cents SGD (4Q 2017)
“We are pleased to report respectable growth in income for 1Q 2017. Our diversification strategy coupled with active asset management has allowed us to navigate the headwinds faced in some of our core markets. In particular, Grand Millennium Auckland’s new lease, which was negotiated last year, allows CDLHT to capture the strong growth in the New Zealand market.”
Mr Vincent Yeo, Chief Executive Officer
2.42 cents SGD (1Q 2017)
“Notwithstanding the uncertainties in the macroeconomic environment and challenging operating conditions, we are pleased to have delivered a higher distributable income and DPU for the first quarter of 2017. Our asset in Sydney, 177 Pacific Highway, which received practical completion in August 2016, contributed to our robust performance this quarter.”
Mr. Chan Kong Leong, Chief Executive Officer
2.425 cents (1Q 2017)
“Our disciplined investment strategy and proactive asset management allowed for a more resilient performance and stable distributions to unitholders. We continue to face some headwinds moving forward such as the bumper new supply of Singapore industrial properties, and uncertainties surrounding the global economic outlook. To counteract, the Australia portfolio was expanded further. Simultaneously, asset enhancements and cost reduction initiatives were undertaken. We also took the opportunity to recycle capital into more yield accretive investment assets through the divestment of our China properties. Ascendas Reit’s total asset size has grown to $10.2 billion.”
Mr Chia Nam Toon, Chief Executive Officer and Executive Director
3.852 cents SGD (4Q ending 31 Mar 2017)
“We are pleased to close the financial year with a set of commendable results. The operating environment has been challenging as the industry faces rising headwinds from volatilities in the macro-environment and softer overall demand. Nonetheless, our portfolio has remained resilient. Led by the accretive acquisition of MBC I and with the positive contributions from VivoCity, Mapletree Anson and PSA Building, 4Q FY16/17 total gross revenue and NPI grew by 47.3% and 51.2% respectively year-on-year. Similarly, FY16/17 total gross revenue and NPI rose 31.3% and 32.4% respectively year-on-year. Compared to the Forecast disclosed in the Circular dated 5 July 2016, DPU for 4Q FY16/17 and 2H FY16/17 have outperformed by 6.1% and 6.3% respectively.”
Ms Sharon Lim, Chief Executive Officer
2.26 cents SGD (4Q ending 31 Mar 2017)
“Looking ahead, pressures on rental terms are expected to continue due to the prolonged soft economic environment and rental market. Nevertheless, the Manager will continue to focus on improving occupancy rates and maximise tenant retention in the current challenging leasing market. After a few difficult years of conversions, CIT’s portfolio mix is now well-balanced, with single-tenanted lease expiries accounting for only 3.3% of portfolio rental income.”
Mr. Adrian Chui Wai Yin, CEO and Executive Director
1.004 cents SGD (1Q 2017)
“FCT has continued to deliver consistent performance and a steady DPU of 3.04 cents for 2Q17. Our financial position remains solid with low gearing level of 29.4%. We will continue to focus on improving our mall performance and to deliver steady performance for our stakeholders.”
Dr Chew Tuan Chiong, Chief Executive Officer
3.04 cents SGD (2Q 2017)
“As we continue to build on our proven strategies, we are pleased to deliver another quarter of steady DPU growth since IPO. Our rejuvenated portfolio of assets following the 2nd asset recycling and reinforced capital structure has strengthened our foundation as we look forward to delivering further growth in the year ahead.”
Mr. Yong Yean Chau, Chief Executive Officer
3.28 cents SGD (1Q 2017)