Commercial Property
Suntec REIT’s distributable income drops 26.8% YoY to $50.3m in 1Q23
Given the drop, it recorded a 27.4% YoY lower DPU to unitholders.
FCT’s net property income rises 5.7% YoY to $137.96m in 1H23
Despite the increase, it recorded a 0.1% YoY lower DPU of $0.06130.
ESR-LOGOS REIT net property income soars 78.2% to $70.4m in 1Q 2023
The contributions from ARA LOGOS Logistics Trust after its merger drove the growth.
CapitaLand Ascott Trust’s gross profit grew nearly 60% YoY in Q1
New properties’ operating performance led to growth.
Parkway Life REIT’s NPI up 23.5% YoY in Q1
The real estate firm’s net property income (NPI) grew to $35.2m.
First REIT net property income up 2.7% YoY to $25.8m in Q1 2023
This is supported by the full quarter contribution of its Japanese nursing homes.
Chart of the Day: Auction listings down 3% QoQ in Q1
The seasonal lull from the New Year led to the decline.
Chart of the Day: Commercial sector dominates investment sales transactions in Q1 2023
The sector saw a total investment sales of $3.38b
CapitaLand Ascendas REIT to divest 7-storey industrial building
KA Place is up for sale for $35.58m
Asset-light strategy leads Ascott to 160,000-unit target
The company also focused on securing prime properties to double its fee revenue.
Chart of the Day: Top investment sectors of HNWIs in Singapore
Hotels and leisure properties are leading.
Pair of conservation shophouses in Kampong Bahru Road up for sale
The property has a guide price of $18.8m.
Keppel Pacific Oak US REIT distributable income falls 12.5% to $17.47m
But its gross revenue increased by 0.2% to $49.47m.
Sabana Industrial REIT’s portfolio occupancy climbs to a new high in Q123
The REIT recorded a 92.6% occupancy.
Keppel DC Reit’s DPU up 3% in Q1 23 due to data centres investment
New acquisitions of Guangdong data centres contributed to the increase.
Property investment volume falls 63.3% YoY to $4b
It is the lowest quarterly investment volume registered since Q4 2020.
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