“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)
“MIT delivered higher DPU in FY16/17 amid the uncertain business environment as all property segments registered higher rental rates coupled with initial contribution from Phase One of the BTS development for Hewlett-Packard and lower property expenses. We expect the Hi-Tech Buildings segment to be a significant growth driver as we progressively complete development projects including the recently announced BTS data centre which has commenced construction.”
Mr Tham Kuo Wei, Chief Executive Officer
These 14 Singapore REITs are reporting earnings in week of 24-28 Apr 2017…
Here’s the DPU summary of 9 Singapore REITs who reported earnings in week of 17-21 Apr 2017…
“For 1Q 2017, China’s economy expanded 6.9% and retail sales grew 10.0%. This was in line with the Chinese government’s commitment to achieve stable growth and steer the economy towards a consumer-driven model. Against this backdrop, CRCT’s family-oriented shopping malls are well-positioned to benefit from the sustained increase in China’s domestic consumption.”
Mr Soh Kim Soon, Chairman