Singapore REITs (S-REITs)

SINGAPORE (Apr 24): CapitaLand Commercial Trust (CCT) reported a 11.7% drop in 1Q18 DPU to 2.12 cents compared to 2.40 cents in 1Q17.

SINGAPORE (Apr 23): The manager of Ascendas REIT (AREIT) has declared a 4Q18 DPU of 3.91 cents, 1.5% higher compared to the 4Q17 DPU of 3.852 cents.

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 19): Keppel REIT (KREIT) on Wednesday announced that its 1Q18 DPU dropped 2.1% to 1.42 cents from 1.45 cents in 1Q17, despite a 0.2% y-o-y increase in income available for distribution to $48.2 million.

SINGAPORE (Apr 18): First REIT yesterday announced that its 1Q18 DPU increased marginally by 0.5% to 2.15 cents compared to 2.14 cents in 1Q17.

SINGAPORE (Apr 16): Keppel DC REIT Management announced that Keppel DC REIT recorded 1Q18 DPU of 1.80 cents, 4.8% lower than 1.89 cents in 1Q17.

SINGAPORE (Apr 16): SB REIT Management announced that Soilbuild Business Space REIT’s DPU for 1Q18 has dropped 11.1% to 1.324 cents compared to 1.489 cents in 1Q17.

SINGAPORE (Apr 16): Maybank Kim Eng is remaining “positive” on Singapore REITs (S-REITs), despite the recent pull-back in share prices against a rising interest rate regime.

SINGAPORE (Apr 3): CIMB is upgrading Keppel DC REIT (KDCREIT) to “add” from “hold” with a higher target price of $1.52.

SINGAPORE (Mar 19): DBS Group Research is remaining upbeat on Singapore REITs (S-REITs) given investors are looking for re-entry opportunities with the recent correction in unit prices.