earnings

The manager of Mapletree Industrial Trust (MINT) has reported a distribution per unit (DPU) of 2.85 cents for the 4QFY19/20 ended March, down 7.5% y-o-y.

Singapore Exchange (SGX) has reported earnings of $137.5 million for 3QFY2020 ended March, some 38% higher than its earnings of $99.7 million a year ago.

This brings the REIT’s full-year DPU to 8.142 cents, a 2.5% increase from the previous year’s DPU of 7.941 cents.

The manager of Frasers Centrepoint Trust (FCT) has announced distribution per unit (DPU) of 1.61 cents for 2QFY2020 ended March, some 48.7% lower than DPU of 3.14 cents in the same quarter last year.

Internet-based investment products distribution platform iFAST Corporation believes it will be less adversely impacted by the Covid-19 outbreak, and may see positive outcomes due to its online-based business model.

The manager says CRCT is in a “strong financial position” to ride through the challenges from Covid-19.

The manager of Mapletree Commercial Trust (MCT) has reported distribution per unit (DPU) of 0.91 cents for 4QFY2019/20 ended March, a steep drop compared to DPU of 2.31 cents declared a year ago.

The manager of Suntec Real Estate Investment Trust (Suntec REIT has announced distribution per unit (DPU) of 1.760 cents for the 1QFY2020 ended March, a 27.7% drop from DPU of 2.434 cents in the same quarter last year.

“Despite on-going uncertainties in the macro economy and volatility in the financial markets, PLife REIT remains in a stable financial position,” says Yong Yean Chau, CEO of the manager.

This translates to an annualised yield of 8.8%, based on KIT’s closing price of 42.5 cents on Mar 31, 2020.