SINGAPORE (Jan 21): The manager of Frasers Centrepoint Trust (FCT) has announced a DPU of 3.02 cents for the 1Q19 ended Dec, up 0.7% year-on-year. Gross revenue for 1Q19 was up 2.9% year-on-year to $49.3 million and net property income for the quarter was up 2.5% at $35.4 million. The growth was le...

Submitted By:  Arianna Danganan Case Study:  No This represents a 7% annualised distribution yield based on the unit closing price of $1.37 in December 2018. Fraser...

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

CHEW Tuan Chiong, chief executive of Frasers Centrepoint Asset Management, will step down by year-end, the manager of Frasers Centrepoint Trust said on Monday morning.

SINGAPORE (Dec 4): OCBC Investment Research expects Singapore REITs (S-REITs) to record positive DPU growth next year. For those under its coverage, OCBC is projecting growth of 0.3% for FY19F and 2.4% for FY20F. In terms of sub-sector preference, OCBC prefers retail REITs, followed by industrial R...

SINGAPORE (Nov 29): Maybank Kim Eng is maintaining “hold” on CapitaLand Mall Trust (CMT) with a higher price target of $2.20 compared to $2.15 previously, after raising distribution per unit (DPU) estimates by 1-7% to factor in the trust’s recently-completed acquisition of a remaining 70% int...

SINGAPORE (Nov 28): OCBC Investment Research is initiating coverage on Mapletree Commercial Trust (MCT) at “buy” with a fair value estimate of $1.79 after inputting financial forecasts and capital asset pricing model (CAPM) assumptions into its model. As at Nov 27, the research house sees poten...

SINGAPORE (Nov 1): The manager of Starhill Global REIT posted a 1Q19 DPU of 1.15 cents, 4.2% lower than 1.20 cents in 1Q18. During the period, gross revenue dropped by 1.8% to $52.0 million from $53.0 million last year, mainly due to lower contributions from Wisma Atria and the Australia Properties...

SINGAPORE (Oct 25): Frasers Centrepoint Trust (FCT) on Thursday reported a DPU of 2.862 cents for 4Q18, 3.6% lower compared to the DPU of 2.970 cents in 4Q17, bringing FY18 to a new high of 12.015 cents, 1.0% higher than 11.90 cents in FY17. Gross revenue for the quarter was 0.5% higher at $48.5 mi...

FRASERS Centrepoint Trust (FCT) posted a 3.6 per cent dip in distribution per unit (DPU) to 2.862 Singapore cents for its fiscal fourth quarter, down from 2.97 cents a year ago.

Submitted By:  Luz Wendy Noble Case Study:  No DPU slipped 3.6% to $0.286. Frasers Centrepoint Trust (NPI) recorded a 4.9% YoY decrease in its net property income (...

FRASERS Centrepoint Trust (FCT) posted a 3.6 per cent dip in distribution per unit (DPU) to 2.862 Singapore cents for its fourth fiscal quarter, compared to the 2.97 Singapore cents a year ago.

SINGAPORE (Oct 24): The manager of Frasers Centrepoint Trust (FCT) reported a DPU to 2.862 cents for 4Q18, 3.6% lower compared to the DPU of 2.970 cents in 4Q17. This brings FY18 to a new high of 12.015 cents, 1.0% higher than 11.90 cents in FY17. Distribution to unitholders in 4Q18 dropped by 3.4%...

THE following companies saw new developments which may affect trading of their shares on Wednesday:

SINGAPORE (Oct 12): Retail REITs have a chance to shine next year, says DBS Group Research, given consistently strong take-up rates for upcoming retail spaces this year which are a reflection of healthy demand in the retail arena. Ahead of its opening, Changi Airport Group announced Jewel has achiev...

SINGAPORE (Oct 12): The Dow Jones Industrial Average on Wednesday fell more than 800 points while the S&P 500 had its worst day since February as technology stocks were battered. Another reason for the meltdown was the spike in the US 10-year Treasury bond yield from 3.06% on Oct 2 to 3.18% on O...

SINGAPORE (Oct 10): CGS-CIMB Securities continues to rate Singapore REITs as “overweight” following media reports that home-grown electronics retailer Newstead Technologies is currently in liquidation. The retailer that also operated DigitalStyle, Nubox and @ notebook.com has stores located in N...