Commercial Property
CLI’s PATMI down 19% to $351m in H1
The PATMI was attributed to improved operating performance in most sectors.
UOL’s net attributable profit shrinks to $135m in 1H23
Lower attributable fair value gains on its investment properties drove the 64% YoY decline.
Sasseur REIT’s DPU drops 2,6% YoY in 1H23
On a like-for-like currency basis, DPU would have been higher by 8.1% YoY.
CLI clinches $1.3b equity commitment for its private funds
To date, CLI has raised a total equity of $3.2b.
Total investment in commercial property falls 65% QoQ in Q2
The value of the total investment went down to $1.8b.
Grade A business park development fund launched in India: CLI
The fund has a target size of $525m to invest in business parks.
Frasers Property posts ‘steady’ operational performance in Singapore
Its commercial portfolio occupancy grew for the fifth consecutive quarter.
Prime US REIT’s net property income drops 7.2% YoY to US$47.2m in 1H23
The REIT attributed the decline to lower occupancy and higher operating expenses.
Far East Orchard’s profit attributable to equity holders rises 2.1% YoY to $8.2m in 1H23
The company attributed its improved earnings to strong tourism growth.
Singapore Land’s PATMI down 53% in H1
The firm reported a $168.4m net profit in the first half (H1) of 2023.
LHN Group subsidiary buys Rangoon Road Property
99 Rangoon Road was sold for $14.5m.
Paragon REIT NPI up 0.1% YoY to $106.1m in H1
However, its DPU declined by 15.7% to 2.4 cents.
‘Period of uncertainty’ awaits Sabana REIT unitholders after manager’s removal: ESR Group
More than half (57.5%) of unitholders voted for the removal of Sabana’s manager.
Lendlease Global Commercial REIT’s doubles net property income in FY23
It recorded an NPI of $153.9m during the period.
ARA US Hospitality Trust’s NPI rises 4.3% YoY to US$22m in 1H23
Given the higher NPI, the REIT proposed a 5.2% YoY higher distribution per stapled security.
Sabana Reit unitholders vote: external manager out, internal manager in
More than 50% of votes were cast for both resolutions.
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