Commercial Property
Top Singapore REITs unscathed by rising interest rates
Top Singapore REITs unscathed by rising interest rates
Improving net operating income will help them mitigate costs.
Ascott Residence Trust posts 14% DPS growth in H1 22
Its distribution per stapled security went up to $0.0233.
Rising rents to boost Suntec Reit’s office, retail assets: Maybank
The firm’s distribution per unit went up 15% in the second quarter of 2022.
Property market to see ‘relatively’ strong, yet slower growth
Investment sales are expected to exceed $30b in 2022.
Industrial occupancy rate inches up to 90% QoQ in Q2
This is on the back of the multiple-user factory and warehouse segments.
Full-year sales of shophouse market to hit below $2.0b
In H1, sales value was at $938.8m.
Chart of the day: 114 shophouses sold for $938.8m in H1 2022
Sales activity may have dipped however the market shows no sign of slowing.
Park View Mansions acquired enbloc for $260m
The property will be turned into a residential development.
CICT net property income jumps 6.2% YoY to $501.6m in H1
This was driven by the completion of acquisitions and higher rental income.
Suntec REIT DPU rises 15.8% YoY in H1
Its distributable income from operations increased by 7.1% You to $126.6m.
Keppel Pacific Oak US REIT H1 DPU down 4.4%
Distributable income rosed by 5.4%.
Shophouse along Craig Road on sale for $12m: Savills
It will be sold via expression of interest until 31 August.
Keppel REIT’s net property income up 6% YoY in H1 2022
Its portfolio committed occupancy stood at 95.5%.
Frasers Centrepoint Trust's tenant sales jump 23% YoY
Amongst Frasers' assets, Tampines 1 and Waterway Point had the highest sales growth.
Lendlease Global CREIT bags $100m sustainability-linked term loan facility
Proceeds will be used to refinance a loan due in FY23.
ESR-Logos Reit reports 6% fall in H1 DPU
Higher utility expenses drag down DPU for the first half of the year.
CLCT’s net income jumps 15.9% YoY to $139.5m in H122
The increase was due to strong contributions from CLCT’s business parks and logistics assets.