SPH REIT achieved steady performance in 3Q 2017

“SPH REIT has continued to maintain its track record of 100% committed occupancy and delivered stable performance. We remain committed to our management philosophy that treats the relationship with tenants as a partnership, focusing on sustainable returns for both tenants and landlord. We will continue to work closely with our tenants to ride through the challenges in the retail industry, including optimization of sales productivity, embracing the fast-changing consumer expectations, identifying opportunities in e-commerce and technology advancement. This firm partnership and the well-established positioning of our properties would underpin the long-term sustainability of SPH REIT.”

Ms Susan Leng, CEO

  • 3Q 2017 DPU was 1.37 cents, an increase of 0.7% year-on-year
  • Maintained 100% committed occupancy

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Far East HTrust Financial Results Ending 31 Mar 2017

“Market demand was exceptionally weak at the start of the year. Softness in the corporate segment impacted our performance as macroeconomic concerns weighed on business travel, especially at our serviced residences, which predominantly serve corporations.

To stay competitive, we will continue to refresh our properties and seek new avenues for growth. At the same time, we will also maintain a proactive approach in capital management, ensuring a strong debt position and financial flexibility to grow the Trust.”

Mr Gerald Lee, Chief Executive Officer

0.93 cents SGD (1Q 2017)

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IREIT Global Financial Results Ending 31 Mar 2017

“The underlying strength of Europe’s economy and real estate market bodes well for our existing portfolio. This stability will provide a good foundation to grow IREIT’s long term stable income as well as our asset base in the office, retail and industrial (including logistics) sectors.

Sustained economic growth in Europe, decreasing vacancy rates and attractive yield spreads will back our efforts to expand, particularly in Germany, France and Italy. We are presently looking into a number of opportunities and plan to diversify by asset class, country (within Europe), tenant and lease expiry. A broader and larger portfolio will enhance IREIT’s long term recurring income and earnings visibility. ”

Mr Aymeric Thibord, Chief Executive Officer

1.44 cents SGD (1Q 2017)

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Ascendas-hTrust Financial Results Ending 31 Mar 2017

“We are heartened by the performance of the portfolio in FY2016/17, and will continue to seek out opportunities to improve the portfolio. In the coming financial year, all the rooms in Hotel Sunroute Ariake will be refurbished to refresh the product offering, while some of the rooms in Pullman Hyde Park will also be renovated as the hotel seeks to capture higher yielding segments. The renovation of Mercure rooms in Pullman and Mercure Brisbane King George Square, which is currently ongoing, is expected to be completed by end of 2017.

Moving into FY2017/18, we will build on this years’ performance as we remain committed to deliver long term sustainable return to the stapled securityholders.”

Mr Tan Juay Hiang, Chief Executive Officer

1.37 cents SGD (4Q 2016/17)

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EC World Reit Financial Results Ending 31 Mar 2017

“We are pleased that ECW reported another quarter of strong results and exceeded our forecasts. This is a testament to the strength and stability of our underlying portfolio of specialized assets and our proactive asset management strategies.” “As we continue to deliver good returns for our unitholders, we will also focus on growing our portfolio through yield accretive acquisitions.”

Mr. Alvin Cheng, CEO

1.541 cents SGD (1Q 2017)

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Sabana Reit Financial Results Ending 31 Mar 2017

Sabana Real Estate Investment Management Pte. Ltd., the Manager of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (“Sabana REIT” or the “Trust”), today announced a distributable income of approximately S$9.3 million in 1Q 2017. This translates to DPU of 0.88 cents, based on 1,053,083,530 units issued as at 31 March 2017.

0.88 cents SGD (1Q 2017)

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