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Tag Archives: REIT

Ascott Reit sells Raffles Place property for S$134m net gain

Thu, Jan 10, 2019 – 5:50 AM Singapore PRIVATE investor Cheong Sim Lam, whose family developed International Plaza and the Hyatt Regency Singapore, snapped up Ascott Reit’s serviced apartment building Ascott Raffles Place Singapore for S$ 353.3 million. The sale price is some 64.3 per cent above the property’s latest valuation of S$ 215 million as at Dec 31 2018. ...

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ESR Reit up 1.92%; analysts see further gains ahead

Singapore ESR Reit rose 1.92 per cent on Wednesday and looks poised to rise further. Analysts cite the Reit’s growth in size, investors looking for safe-haven yield assets and an improving outlook for industrial space as key driving factors. The counter surged some 3.85 per cent to … The Business Times

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Sabana Reit getting basics right before going abroad

DONALD Han could have chosen to retire comfortably at a top real estate consultancy agency and make his mark as an industry veteran. Instead, the intrepid Singaporean permanent resident left his cushy position and headed “straight into a battlefield”. Come Jan 25, it will be exactly one year since Mr Han, a Malaysian, became the chief executive officer of Sabana ...

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SPH Reit posts flat DPU of 1.34 Singapore cents for Q1 FY2019

Sat, Jan 05, 2019 – 5:50 AM Singapore RETAIL landlord SPH Reit, which posted a distribution per unit (DPU) of 1.34 Singapore cents for the first quarter ended Nov 30, 2018, expects to see the full contribution from its latest acquisition Figtree Grove Shopping Centre in the second half of the year. First-quarter DPU – which is unchanged from a ...

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SPH Reit declares 1QFY19 DPU of 1.34 Singapore cents

Fri, Jan 04, 2019 – 7:03 PM RETAIL landlord SPH Reit has declared a distribution per unit (DPU) of 1.34 Singapore cents for the first quarter ended Nov 30 2018, unchanged from a year ago. The DPU will be paid out on Feb 15. Net property income dipped 1 per cent year-on-year to S$ 41.79 million, mainly due to lower revenue ...

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NorthWest Healthcare Properties REIT: Outlook Still Favorable In 2019

[unable to retrieve full-text content] … Company Website NorthWest Healthcare’s Q3 2018 NorthWest Healthcare delivered good operational … Valuation: Significantly Undervalued NorthWest Healthcare is expected to generate adjusted … 5 U.S. healthcare REITs. NorthWest Healthcare estimates its net asset …… Healthcare Industry News

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First Reit manager says Surabaya hospital not affected by sinkhole

Sun, Dec 23, 2018 – 10:33 PM BOWSPRIT Capital, the manager of First Reit, late on Friday said that the operations of its Siloam Hospitals Surabaya property in Surabaya were not affected by the road subsidence that took place on Dec 18. Instead, it pointed out that the Reit had sold a portion of the land next to Siloam Hospitals Surabaya to a subsidiary ...

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SPH Reit seeks diversification Down Under with A$206m mall buy

Tue, Dec 18, 2018 – 8:53 PM SPH Reit on Tuesday announced the proposed acquisition of Figtree Grove Shopping Centre in Australia for A$ 206 million (S$ 206 million) from an unrelated third party, Swordfish Australian Mid TC. SPH Reit’s 85-per-cent contribution to the property price is A$ 175.1 million, or A$ 188.2 million after including fees. On acquisition, the ...

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