Asset Enhancement Initiative (AEI)

SINGAPORE (July 25): Analysts are keeping their positive outlooks on Frasers Centrepoint Trust (FCT) after the REIT saw its distribution per unit (DPU) climb 1.8% y-o-y to 3.053 cents for the 3Q18 ended June.

SINGAPORE (July 9): The manager of AIMS AMP Capital Industrial REIT (AA REIT) announced Monday that it will be carrying out an asset enhancement initiative (AEI) at its NorthTech facility in Woodlands Industrial Park for $13 million.

SINGAPORE (Apr 26): Maybank Kim Eng, CIMB and OCBC are maintaining their “buy” recommendations on Frasers Centrepoint Trust (FCT) with the respective target prices of $2.55, $2.41 and $2.49.

SINGAPORE (Apr 25): Perennial Real Estate Holdings announced that IWG, a provider of flexible workspace solutions, has leased over 35,000 sf of space at TripleOne Somerset to operate its Spaces co-working space concept.

SINGAPORE (Apr 23): Frasers Commercial Trust on Friday announced that its 2Q18 DPU dropped 4.4% to 2.40 cents from 2.51 cents a year ago, due to lower revenue and income from properties.

SINGAPORE (Apr 4): Soochow SSD Capital Markets (SCCM) has started coverage on Oxley Holdings at “buy” with a target price of 63 cents, which is pegged at a 20% discount to end-2018 RNAV estimates.

SINGAPORE (Mar 23): CIMB says the asset enhancement initiative (AEI) for One Raffles Place (ORP) is likely to improve the mall’s shopper circulation, as well as create more open retail areas with better visibility.

SINGAPORE (Mar 21): OUE Commercial REIT (OUE C-REIT) announced that One Raffles Place Shopping Mall will be undergoing an asset enhancement initiative (AEI) from mid-2018 onwards.

SINGAPORE (Feb 9): CIMB is reiterating its “add” call on Perennial Real Estate Holdings (PREH) with a target price of $1.12.

SINGAPORE (Oct 27): Maybank Kim Eng is maintaining its “buy” call on AIMS AMP Capital Industrial REIT (AA REIT) with a target price of $1.60.