AIMS AMP Capital Industrial REIT has announced a 2% year-on-year rise in Distribution Per Unit (DPU) to 2.55 cents per unit. Net property income rose 23.9% year-on-year to $19.5 million and distribution to shareholders rose 26.9% year-on-year to $15.8 million.
AIMS AMP Capital Industrial REIT has achieved a solid result this quarter with a full quarter’s income contribution from Optus Centre investment in Australia, secured new leases and renewals for 9% of it's portfolio and achieved significant weighted average rental increase of 11.9% from the renewals. They improved the Trust’s debt maturity profile with a $50 million issuance under the Medium Term Notes programme. The proceeds were used to repay the $50 million development loan for 20 Gul Way ahead of its October 2015 due date, enabling them to extend a portion of their debt for a further 5 years.
The Net Asset Value (NAV) increased to $1.48 per unit from $1.47 per unit due to the recognition of the development profits at 103 Defu Lane 10 and Phase Two extension of 20 Gul Way following obtaining the Temporary Occupation Permit (TOP) on 28 May 2014 and 14 June 2014 respectively.
29 July 2014
Mapletree Greater China Commercial Trust 2Q FY 2014 Result
Mapletree Greater China Commercial Trust (MGCCT) has posted an 11.9% year‐on‐year growth in DPU to 1.56 Singapore cents for the 2Q ended 30 June 2014 with strong rentals for its retail and office assets, beating its forecast by 9.3%. MGCCT's gross revenue rose 8.6% to S$63.8 million as Festival Walk and Gateway Plaza both raked in higher revenues. Net property income rose 9.9% to S$52.6 million, exceeding its forecast by 8.8%. MGCCT achieved an occupancy of 99.2% as at 30 June 2014.
MGCCT had been undervalued for many months ever since it hit the lowest of 78 cents few months ago. At current price of 93 cents based on today closing, there is still room for upside on this REIT. I will stay vested as long as it had been giving consistent 6% to 7% yield annually.
MGCCT had been undervalued for many months ever since it hit the lowest of 78 cents few months ago. At current price of 93 cents based on today closing, there is still room for upside on this REIT. I will stay vested as long as it had been giving consistent 6% to 7% yield annually.
23 July 2014
Frasers Centrepoint Trust 3Q FY 2014 Result
Frasers Centrepoint Trust (FCT) has reported a 6% rise in distribution per unit to 3.022 cents in the 3Q ended June 2014, thanks to higher retail rentals and occupancies. The suburban mall operator enjoyed 7.8% of positive rental reversions in the 3Q and an improvement of its portfolio occupancy to 98.5%. Gross revenue for the quarter increased by 3.1% from a year before to S$41.2 million and Net Property Income (NPI) improved 2.4% to $29.1 million. FCT said that the growth in revenue
and NPI was supported by rental step up of current leases, better rental rates achieved for new and renewed leases and the maiden contribution from Changi City Point, which it acquired on 16 June 2014.
and NPI was supported by rental step up of current leases, better rental rates achieved for new and renewed leases and the maiden contribution from Changi City Point, which it acquired on 16 June 2014.
Yeesh!!
We got our COE in the first bid today at $62,890. Although the COE did not goes down but still very happy to get the COE in our first bid. Now is waiting for the car shipment to arrive to Singapore, in September..... another 1 month plus to drive a brand new Toyota Corolla Altis 1.6. Hopefully my new car plate number will be a nice one and give me luck to strike 4D to pay off the remaining loans.
18 July 2014
Down Payment on my new Toyota Corolla Altis 1.6
I had not been active in my blog for the past months as I was quite busy lately especially I had just completed my In-Camp Training (ICT) today and also the one month of World Cup 2014 fever. This is my second high-key ICT. I am delighted to meet up with past colleagues and new NSF friends from the central pool. It was a good break but given a choice I will still prefer to go back to work rather than put on the SAF uniform.
Last Sunday, my wife and I went to Borneo Motors to make the down payment for our new car, Toyota Corolla Altis 1.6 finally. We had been thinking for the past months on when to make our purchase for the new car as my existing car is going to be 10 years soon. We trade in our Toyota Vios and got a guarantee COE bid within 3 months. The deal was S$116,488 after all the "discounts". Indeed it was not cheap but we decided to go ahead on the purchase as we need a car badly for the family. Hopefully for the next subsequent COE bid, the price will come down and we can get some further "discount" on our purchase. The COE rebate value for our package is 58k. If the COE price goes down below 58k, we will sort of getting more rebates.
Last Sunday, my wife and I went to Borneo Motors to make the down payment for our new car, Toyota Corolla Altis 1.6 finally. We had been thinking for the past months on when to make our purchase for the new car as my existing car is going to be 10 years soon. We trade in our Toyota Vios and got a guarantee COE bid within 3 months. The deal was S$116,488 after all the "discounts". Indeed it was not cheap but we decided to go ahead on the purchase as we need a car badly for the family. Hopefully for the next subsequent COE bid, the price will come down and we can get some further "discount" on our purchase. The COE rebate value for our package is 58k. If the COE price goes down below 58k, we will sort of getting more rebates.
First REIT 2Q FY 2014 Result
First Real Estate Investment Trust (First REIT), Singapore’s first healthcare real estate investment trust with properties in Indonesia, Singapore and South Korea, today announced a distribution per unit of 2 cents for the 2Q ended 30 June 2014, representing a 8.1% increase over the same period of the preceding year.
Distribution to shareholders for the quarter was $14.4 million, a 13.6% increase from a year ago. Annualised DPU rose 7% to 8.05 cents and at closing price of $1.21 on 14 July 2014, the trust’s distribution yield remained at 6.7%.
It was the highest DPU since listing, hitting the 2 cents mark. First REIT is pleased with how the Trust has panned out, with strong performance from their assets which they have increased to 15 properties on the completion of their latest acquisition, Siloam Hospitals Purwakarta. Going forward, they will continue to strengthen their portfolio and unlock value from their existing assets to enhance the returns to their shareholders.
For the quarter under review, First REIT’s gross revenue rose 14.5% year on year to $23 million, while net property income increased 15.4% y-o-y to $22.7 million. The growth was contributed by Siloam Hospitals Bali and Siloam Hospitals TB Simatupang, acquired in May 2013 and partial maiden contribution from the newly acquired Siloam Hospitals Purwakarta in May 2014.
Distribution to shareholders for the quarter was $14.4 million, a 13.6% increase from a year ago. Annualised DPU rose 7% to 8.05 cents and at closing price of $1.21 on 14 July 2014, the trust’s distribution yield remained at 6.7%.
It was the highest DPU since listing, hitting the 2 cents mark. First REIT is pleased with how the Trust has panned out, with strong performance from their assets which they have increased to 15 properties on the completion of their latest acquisition, Siloam Hospitals Purwakarta. Going forward, they will continue to strengthen their portfolio and unlock value from their existing assets to enhance the returns to their shareholders.
For the quarter under review, First REIT’s gross revenue rose 14.5% year on year to $23 million, while net property income increased 15.4% y-o-y to $22.7 million. The growth was contributed by Siloam Hospitals Bali and Siloam Hospitals TB Simatupang, acquired in May 2013 and partial maiden contribution from the newly acquired Siloam Hospitals Purwakarta in May 2014.
Sabana REIT 2Q FY 2014 Result
Sabana REIT had announced their 2Q 2014 a DPU of 1.86 cents for the quarter from 1 April 2014 to 30 June 2014. This is largely unchanged compared to the 1.88 cents quarterly DPU achieved in 1Q 2014 despite an increase in unit base by approximately 2.7 million as a result of new units issued in 2Q 2014 pursuant to the Distribution Re‐Investment Plan (DRP) established on 1 April 2014.
It was attributed by the stable results to successful marketing and leasing efforts in 2Q 2014. They had successfully secured 6 new leases and 12 lease renewals. Portfolio occupancy remained largely unchanged at 90.8% in 2Q 2014 as compared to 90.6% in 1Q 2014.
Looking ahead, the market conditions are expected to remain challenging. They will continue to intensify their marketing and leasing efforts to improve on their portfolio occupancy and also continue to make selective acquisitions. In addition, they are looking for opportunities to recycle their capital by divesting on underperforming assets.
As at 30 June 2014, Sabana REIT’s portfolio consisted of 22 properties, with 4.5 million square feet of gross floor area, leased to a diversified base 151 tenants. The portfolio’s weighted average lease term for underlying land in terms of gross floor area was 38.4 years. The largest allocation in terms of net lettable area was in the high‐tech industrial sector which is approximately 46%.
It was attributed by the stable results to successful marketing and leasing efforts in 2Q 2014. They had successfully secured 6 new leases and 12 lease renewals. Portfolio occupancy remained largely unchanged at 90.8% in 2Q 2014 as compared to 90.6% in 1Q 2014.
Looking ahead, the market conditions are expected to remain challenging. They will continue to intensify their marketing and leasing efforts to improve on their portfolio occupancy and also continue to make selective acquisitions. In addition, they are looking for opportunities to recycle their capital by divesting on underperforming assets.
As at 30 June 2014, Sabana REIT’s portfolio consisted of 22 properties, with 4.5 million square feet of gross floor area, leased to a diversified base 151 tenants. The portfolio’s weighted average lease term for underlying land in terms of gross floor area was 38.4 years. The largest allocation in terms of net lettable area was in the high‐tech industrial sector which is approximately 46%.
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