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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
October 31, 2016
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.
October 27, 2016
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.
October 27, 2016
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.
October 27, 2016
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.
October 27, 2016
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.
October 27, 2016
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.
October 13, 2016
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.
September 09, 2016
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.
September 09, 2016
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.
September 06, 2016