“Ascott Reit remains focused on providing Unitholders with stable returns and are constantly on the lookout for quality assets to enhance our portfolio. Sheraton Tribeca New York Hotel, which we acquired last year, continues to achieve above 90% occupancy. Ascott Reit’s recent successful rights issue was 182% oversubscribed. We will use the proceeds to acquire Citadines City Centre Frankfurt, Ascott Reit’s first property in the city, Citadines Michel Hamburg, and Ascott Orchard Singapore. These properties are expected to further strengthen Ascott Reit’s portfolio, increase our earnings base, and give us stable income through master leases.”
Mr Bob Tan, Chairman
“We are pleased to deliver another healthy set of results and stable DPU performance notwithstanding continued challenges and uncertainties in the market environment.”
Mr Jack Lam, Chief Executive Officer
- 2.51 cents (2Q 2017)
“Our focus in FY2017 is on improving operating performance in the Singapore portfolio wherever possible in view of the acute oversupply in the market and industry headwinds. As we have articulated to investors, we intend to continue with our portfolio rebalancing and growth strategy to grow and diversify our revenue contributions outside of Singapore. We are proud of our presence in Australia which contributes approximately 15.0% and 22.2% of gross revenue and gross floor area currently.”
Mr Daniel Cerf, Chief Executive Officer
- 1.8 cents (1Q 2017)
“Against a backdrop of global uncertainties and subdued business sentiment, CMT continues to deliver stable financial returns to unitholders. Underpinned by the consistent performance of CMT’s underlying portfolio, distribution per unit in 1Q 2017 held steady compared with a year ago, despite the closure of Funan for redevelopment. As at 31 March 2017, CMT’s portfolio occupancy remained high at 97.7%.”
Mr Wilson Tan, CEO
- 2.73 cents (1Q 2017). XD 28 Apr 2017.
Keppel REIT Management Limited, the Manager of Keppel REIT, is pleased to announce that the REIT achieved $48.1 million in DI for 1Q 2017. DPU for the quarter was 1.45 cents and translates to an annualised distribution yield of 5.5%, based on the market closing price per Unit of $1.05 as at 31 March 2017.
- 1.45 cents (1Q FY17)
“The timely acquisition of the remaining 60.0% interest in CapitaGreen, our award-winning, premium Grade A office building in the heart of Singapore’s financial district, has significantly contributed to CCT’s robust performance this quarter. It was a notable 9.6% increase in CCT’s distribution per unit year-on- year. Notwithstanding challenging macroeconomic and office market conditions, CCT’s committed occupancy rate of 97.8% as at end March 2017 remains high and well above the market occupancy rate of 95.6%. About 80% of the Trust’s borrowings are pegged at fixed rates, which offer greater certainty of interest expense in a rising interest rate environment.”
Ms Lynette Leong, Chief Executive Officer of the Manager
- 2.40 cents (1Q FY17)
The Manager remains confident of the data centre market’s growth potential although near-term pressure on rental rates is expected with data centre supply coming online in Singapore. The addition of Keppel DC Singapore 3 to the REIT’s portfolio earlier this year further strengthened the REIT’s foothold in Singapore.
- 1.89 cents (1Q FY17)
“The 1.4% growth in 1Q DPU was achieved on the back of the full quarter’s rental income contribution from Siloam Hospitals Labuan Bajo (“SHLB”), which was acquired in December 2016. This is our 11th consecutive quarter of DPU growth since 2Q 2014, a testament of our well-tested strategy of acquiring yield-accretive assets. In FY 2017, we will continue to reinforce this strategy to maximise returns to our Unitholders,”
Dr Ronnie Tan, Bowsprit’s Chief Executive Officer.
- 2.14 cents (1Q FY17)
- 21 Apr 2017 (Ex-date). 26 May 2017 (Payment date)
These 7 Singapore REITs are reporting earnings in week of 17-21 Apr 2017…
“We are pleased to deliver 1Q FY2017 DPU of 1.489 cents on the back of a full quarter’s revenue contribution from Bukit Batok Connection. The team has secured close to 160k sq ft of new leases and completed 100k sq ft of renewals and forward renewals in this quarter which improved the portfolio’s occupancy rate by 2.2% compared to previous quarter. With 12.6% of the portfolio NLA expiring in the rest of 2017, the key challenge remains to retain existing tenants and improve occupancy in the multi-tenanted buildings and 72 Loyang Way.”
Mr Roy Teo, CEO of the Manager
- 1.489 cents (1Q FY17)
- 19 Apr 2017 (Ex-date). 21 Apr 2017 (Record date). 18 May 2017 (Payment date)