DPU

With the acquisition of Nova Properties, Suntec REIT’s AUM will grow from $10.7 billion to $11.5 billion.

The target completion for the proposed acquisition is expected to happen in the first quarter of 2021.

SINGAPORE (Oct 27): Mapletree Greater China Commercial Trust (MGCCT) has announced a Distribution Per Unit (DPU) of 3.61 cents for the 1H ended Sept, 3.2% higher than a year ago.

SINGAPORE (Oct 24): CIMB is maintaining its “reduce” call on Cache Logistics Trust (CLT) with a target price of 80 cents as the latter announces a DPU of 1.947 cents, down 14% on year.

SINGAPORE (Oct 20): Ascott REIT announced 3Q16 distributable income achieved a record $38.7 million, up 21% from a year ago. Distribution per unit or DPU for 3Q16 also hit a three-year high, rising 14% to 2.35 cents.

SINGAPORE (Oct 20): The manager of Ascendas REIT has reported a 3.1% decrease in 2Q17 DPU to 4.03 cents, reported its manager. This was due to a one-off distribution of $6.5 million or 0.271 cents per unit made in 2Q16.

SINGAPORE (Oct 18): Sabana REIT’s 3Q16 results saw DPU falling 32.2% year-on-year to $1.20 from $1.77 a year ago.

SINGAPORE (Aug 23): OCBC Investment Research has maintained its “overweight” rating on the Singapore REIT industry, following the conclusion of the 2Q2016 results season.