1Q business update

FHT as at Dec 31, 2020, has 15 properties in nine cities and an appraised portfolio value of $2.25 billion.

For the same quarter, net property income (NPI) fell 19.2% y-o-y to $29.8 million.

SATS says the loss was “in line” with the guidance it posted on July 29 during its 4Q and FY19/20 results.

AGT says the performance of the portfolio golf courses showed a “significant” decline in 1Q20 due to the state of emergency declared in Japan to control the Covid-19 outbreak.

The lower numbers were attributed to travel and movement restrictions, lower footfall in retail stores, and a general dampening in consumer and business spending amid the global economic slowdown.

Looking ahead, Netlink NBN Trust says the reduced availability of contractors’ resources has affected its capacity to fulfil service requests, although the delay is not expected to have any negative effects in the long-term.

The manager of Mapletree Commercial Trust (MCT) has reported 10.5% lower gross revenue of $100.3 million for 1Q20/21 ended June, compared to the $112.1 million last year.

The steep decline was attributable to historically low flight frequencies due to the Covid-19 pandemic, said the group in a Friday filing.

IREIT Global's outlook is looking pretty good.