CRCT posts 8.5% decline in 4Q DPU to 2.37 cents on additional tax provision and forex losses
This brings the total DPU for FY2016 to 10.05 cents, 5.2% lower than then 10.6 cents declared for FY2015.
Latest
Perennial-led consortium divests 70% stake in TripleOne Somerset
Perennial Somerset Investors (PSIPL), a consortium led by Perennial Real Estate Holdings (Perennial), has agreed to divest a 70% stake in TripleOne Somerset to Simply Swift Limited, an indirect wholly-owned subsidiary of Hong Kong-listed Shun Tak Holdings.
Ascendas Hospitality Trust posts 13.1% higher 3Q DPS of 1.64 cents
This was despite the partial distribution of proceeds from the sale of Pullman Cairns International in the corresponding quarter last year. Excluding the proceeds from divestment, DPS would have been 18.0% higher.
Mapletree Commercial Trust’s 3Q DPU grows 9.7% to 2.28 cents
Gross revenue grew 47.4% to S$108.76 million (RM341 million), compared with S$73.77 million a year ago, which was largely due to a S$31 million contribution by its accretive acquisition of Mapletree Business City I (MBC I).
IGB REIT's 4Q2016 NPI up 13%, to pay 4.3 sen DPU
Looking ahead, the trust said it will further explore asset enhancement initiatives at its two properties, namely Mid Valley Megamall and The Gardens Mall.
Hua Yang acquires 10.8% equity stake in Magna Prima
The group said the acquisition is part of its objective to invest in strategic landbank, noting Magna Prima’s landbanks in Klang Valley which presents an opportunity for further collaboration between the two developers.
Gadang's 2Q net profit up 57.5% on higher construction, property contributions
Gadang Holdings Bhd’s net profit rose 57.5% to RM23 million or 10.62 sen per share for the second quarter ended Nov 30, 2016 (2QFY17), from RM18 million or 7.4 sen per share a year ago.
MQ REIT’s 4Q NPI falls 4.5% as expenses, finance costs rise
On prospect, MQ REIT said the office market is expected to remain challenging with the slowdown of the global and domestic economies, and low crude oil prices.
CBRE | WTW: Positive outlook for Penang’s industrial property sector
Despite the global consolidation of operations and restructuring exercise by multinational companies in Penang, such as those involving Seagate Technology Inc, Western Digital Corp and Intel Corp, the industrial sector in Penang has fared quite well over 2016.
JLL: Vietnam, the rising star of Southeast Asia’s property market
Vietnam will stand out as a rising star in the Southeast Asia property market with strong demand growth in the office, residential and retail sectors as well as increasing foreign direct investment to the country, according to international real estate services firm JLL.
