REIT

Results

OUE Hospitality Trust’s 3Q DPS falls 28.5% to 1.23 cents on lower retail revenue

SINGAPORE (Oct 31): OUE Hospitality Trust (OUE HT) reported higher revenue and net property income (NPI) in 3Q16 from a year ago but DPS fell 28.5% to 1.23 cents due to lower distribution income and an enlarged number of stapled securities following a rig

Results

Mapletree Greater China Commercial Trust’s 1H DPU rises 3.2% to 3.61 cents

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.

Results

Cambridge Industrial’s 3Q DPU falls 18% to 0.987 cents for 3Q

SINGAPORE (Oct 27): Cambridge Industrial Trust (CREIT) posted a 19% drop in 3Q DPU to 0.987 cents from a year ago while net property income fell 8.3% to $19.9 million. Revenue also fell 2.9% to $27.6 million.

Broker's Calls

Strategic review puts Cambridge Industrial on hold

SINGAPORE (Oct 27): Cambridge Industrial Trust’s (CREIT) portfolio repositioning for the current downturn is leading DBS to maintain its “hold” call with a target price of 54 cents.

Broker's Calls

Mapletree's stable of REITs attractive across the board

SINGAPORE (Oct 27): Mapletree REITs – Mapletree Logistics Trust (MLT), Mapletree Industrial Trust (MINT), Mapletree Commercial Trust (MCT) – remains attractive to analysts after a steady showing of results across the board.

Viva Industrial Trust to acquire 6 Chin Bee Avenue for up to $97 mil

SINGAPORE (Oct 27): Viva Industrial Trust (VIT) has entered into an agreement with Sharikat National to acquire 6 Chin Bee Avenue, a newly completed five-storey ramp-up logistics warehouse.

Phillip Capital Management sets issue price of new REIT ETF

SINGAPORE (Oct 13): Phillip Capital Management has announced the issue price for its new ETF, Phillip SGX APAC Dividend Leaders REIT ETF at 93.3 US cents per share.

Broker's Calls

Frasers Logistics and Industrial Trust continues to grow Down Under

SINGAPORE (Sept 9): UOB Kay Hian is maintaining its “buy” call on Frasers Logistics and Industrial Trust (FLT) as it offers the best growth potential plus a high 6.8% yield.

Broker's Calls

Cache Logistics remains attractive despite legal woes

SINGAPORE (Sept 9): Despite new developments in Cache Logistics’ legal dispute with C&P Land, UOB Kay Hian is maintaining its “buy” call with lead analyst Derek Chang forecasting a healthy 8.7% yield.

Broker's Calls

MGCCT still undervalued despite unit price uptick

SINGAPORE (Sept 6): OCBC Investment Research is keeping its “buy” call on Mapletree Greater China Commercial Trust (MGCCT) with a fair value estimate of $1.18.
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