SINGAPORE (Aug 5): The manager of First REIT has declared a DPU of 2.15 cents for 2Q19 ended June, unchanged from the same quarter last year.  Income distributable to unitholders came in at $17.1 million, up 1.2% from $16.9 million in 2Q18. Rental and other income for the quarter inched up 0.2% to...

SINGAPORE (May 13): OUE Limited has reported a profit attributable to shareholders of $1 million for 1Q19, unchanged from a year ago despite growth in earnings before interest and tax (EBIT). This was largely due to non-cash finance costs on lease liabilities recognised on the adoption of SFRS(I) 1...

SINGAPORE (May 8): OUE Lippo Healthcare (OUE LH) has posted $0.2 million earnings, reversing from its 1Q18 loss of $2.7 million due to lower finance costs, higher other income as well as higher share of results of equity-accounted investees. This comes despite a 7.3% decline in revenue to $4.8 mill...

SINGAPORE (Apr 12): CGS-CIMB Securities is maintaining First REIT at “add” with a target price of $1.20 given 1Q19 results held no surprises. “First REIT’s 1Q19 DPU of 2.15 cents is in line with our expectations, at 24.4% of our FY19F forecast,” says CGS-CIMB lead analyst Lock Mun Yee in ...

THE following companies saw new developments that may affect trading of their shares on Thursday:

FIRST Real Estate Investment Trust (First Reit) on Wednesday reported a flattish distribution per unit (DPU) of 2.15 Singapore cents for the quarter ended March 31, despite a 114.8 per cent increase in property expenses, mainly incurred for Sarang Hospital and Indonesia properties.

FIRST Real Estate Investment Trust (First Reit) on Wednesday reported a flattish distribution per unit (DPU) of 2.15 Singapore cents for the first quarter ended March 31, on the back of a 114.8 per cent increase in property expenses, mainly incurred for Sarang Hospital and Indonesia propert...

SINGAPORE (Apr 10): Bowsprit Capital Corporation, the manager of First Real Estate Investment Trust (First REIT), reported a distribution per unit (DPU) of 2.15 cents for the 1Q19 ended March, unchanged from a year ago. On an annualised basis, the latest distribution translates to an attractive yie...

SINGAPORE (April 10): DBS Vickers Securities is highlighting myriad benefits to the proposed merger of OUE Hospitality Trust (OUE HT) and OUE Commercial Trust (OUE CT), but also cautions of “potential impediments” post the merger. The research house has “buy” calls on both trusts with the r...

INDONESIAN real estate developer Lippo Karawaci has received US$280 million in advance subscription payment for part of the entitlements to a US$730 million rights issue, said the sponsor for Singapore-listed First Real Estate Investment Trust and Lippo Malls Indonesia Retail Trust on Thur...