Commercial Property
Elite Commercial REIT's profit hit $684,550 in Q1
Elite Commercial REIT's profit hit $684,550 in Q1
Distribution per unit is $0.01 for the quarter.
Manulife US REIT's occupancy rate widened to 96.5% in Q1
The REIT executed 147,000 sqft of leases, which is 3.2% of its portfolio by NLA.
Chart of the Day: Prices of long tenure multiple-user factories up 2.1% in Q1
The industrial property segment saw very slight changes in median prices.
NetLink's profit up 1% to $78.1m in FY2020
The increase is driven by higher revenue from residential and non-residential connections.
MIT could lose 10-20% of tenants if circuit breaker tightens
Its management estimates that 10% might seek rent deferrals.
SPH REIT to grant full rental waiver to retail and medical tenants
A rental relief of 30% will be given to eligible office tenants.
Government rolls out temporary relief measures for property developers
It extended the completion period of residential, commercial and industrial projects.
Chart of the Day: Retail property vacancy rate widened to 8% in Q1
The take-up of some of the new retail projects was slow during the quarter.
SPH sells 5.29% stake in AXA Tower
Investors entered into a share purchase agreement with Alibaba Singapore.
OUE C-REIT's NPI up 42.5% to $62.08m in Q1
Mandarin Gallery, Mandarin Orchard Singapore and Crowne Plaza Changi Airport boosted NPI.
Sasseur REIT's first-day spring sales skyrocketed 411% from reopening
Chongqing nabbed the largest share of the first-day spring sales at $5.16m.
Lendlease REIT's NPI up 4% to $16.6m in Q1 from IPO forecasts
Its DPU rose to 1.28 cents from 1.27 cents.
Oxley to clinch $1.4b revenue from Singapore projects
It has sold 73% of its islandwide development portfolio.
CapitaLand Mall Trust's NPI up 5.9% to $148.3m in Q1
But DPU is 70.5% lower as CMT retains part of taxable income to brace for pandemic’s impact.
Renewables and gas-related solutions to lift Keppel's revenue: analyst
The O&M division’s operating profit remained strong at $28m, versus $3m in Q1 2019.
FLCT's NPI climbed 14.2% to $50.47m in Q2
DPU edged up 4.4% YoY to 1.73 cents.
SPH REIT secures 5-year refinancing for $280m loan
Portfolio weighted average debt term to maturity expected to increase to three years.
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