Commercial Property
Prime US REIT’s NPI drops 7.2% YoY to US$23.6m in Q1
Prime US REIT’s NPI drops 7.2% YoY to US$23.6m in Q1
Given the drop, the REIT also posted a lower distributable income of US$14.9m.
CLI sees improved revenue in Q1
Its real estate investment business saw an 11% YoY increase.
MUST’s portfolio occupancy falls to 86.1% in Q1
The REIT attributed the decline to Carter’s downsizing at Phipps.
FLCT's Robert Wallace extends service until 1 August
Wallace resigned as CEO of FLCT’s manager in February.
SG retains lead in Asian outbound real estate investment
The Lion City’s investment reached US$28.284b.
Sasseur REIT EMA rental income dip 2.1% to $33.1m in Q1
But its DPU grew 1.5% to 1.849 cents.
Hospitality, retail, and office REITs benefit from reopening
However, there is a limited new supply for logistics, office and retail segments.
Chart of the Day: Top markets with high vacancy rates for Grade A office in Q1
There were two micro-markets that posted highest quarterly growth in vacancy.
Lendlease REIT portfolio occupancy stays up at 99.8% in 3Q FY23
The Manager recorded a 99.5% retail occupancy rate on 31 March.
Yanlord Land Group’s subsidiary grated with $500m loan facility
The facility has a five-year term.
Chart of the Day: Rental growth of Grade A offices to be subdued in 2023
Rents will grow 2% YoY in 2023, according to Savills.
Net take-up for CBD Grade A office space down 471,000 sq ft in Q1
Its vacancy also increased 7.4% amidst rising economic challenges.
CBD Grade A office spaces vacancy rises to 7.4% in Q1
This is the second consecutive quarter that the vacancy rate increased.
Yanlord Land contracted pre-sales doubles to S$810m in April
The city of Suzhou contributed the highest with S$407m.
OUE Commercial REIT’s NPI up 18% YoY in Q1
Its revenue also grew due to Hilton Singapore Orchard's contributions.
AA REIT posts 5.1% YoY growth for DPU in FY 2023
The distribution per unit (DPU) grew to 9.944 cents.
CICT’s downtown malls to benefit from return-from-office workers
The recovery of China’s economy will also woo visitors in the malls.
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