distribution per unit (DPU)

SINGAPORE (Feb 13): The manager of Manulife US REIT reported a distribution per unit (DPU) of 3.55 US cents (5 cents) for FY16, which exceeded the forecast DPU of 3.39 US cents by 4.8% due to higher property performance and lower borrowing costs and trust

SINGAPORE (Feb 2): CIMB Research is reiterating its “hold” call on Starhill Global REIT while lowering its target price to 72 cents from 76 cents after the release of the REIT’s 2Q17 results, on expectations of ongoing redevelopment at Plaza Arcade

SINGAPORE (Jan 26): OCBC Investment Research has upgraded its call on Suntec REIT from “sell” back to “hold” and raised its fair value estimate to $1.54 from $1.53 previously, after incorporating the REIT’s full-year results into its model.  

SINGAPORE (Jan 25): DBS is maintaining its “hold” call on Cache Logistics Trust (CLT) due to uncertainty of the outcome regarding its dispute with DB Schenker Megahub; the potential of revaluation loss; as well as the possibility of equity fund raisin

SINGAPORE (Jan 25): Suntec REIT has declared a distribution per unit (DPU) of 2.6 cents for the fourth quarter ended Dec 2016, 5.6% lower from the previous year’s DPU of 2.75 cents.

SINGAPORE (Jan 24): It is very likely Hewlett Packard (HP) Enterprise will be leaving Alexandra Technopark – but this could prove a “blessing in disguise” for Frasers Commercial Trust (FCOT), says DBS Vickers Securities.

SINGAPORE (Jan 24): OCBC Investment Research is reiterating its “buy” call on Frasers Centrepoint Trust (FCT) following the announcement of its 1Q17 financial results last Friday. 

SINGAPORE (Jan 24): Ascott Residence Trust (ART) has posted a distribution per unit (DPU) of 2.04 cents for 4Q16, relatively unchanged from 2.07 cents from a year ago.

SINGAPORE (Jan 23): The trustee-manager of Cache Logistics Trust has declared a distribution per unit (DPU) of 1.85 cents 4Q16, 10.8% lower than its DPU of 2.07 cents a year ago.

SINGAPORE (Nov 18): Nomura Global Markets Research has upgraded Ascendas Real Estate Investment Trust (A-REIT) from “neutral” to “buy” with a lower target price of $2.48 from $2.50 previously.