REIT Financial News - 19 APR 2010: Quarterly Earnings Report for A-REIT

First quarter 2010 results for A-REIT:

• Press Release
• Financial Statements
• Presentation Slides

Key Points

• Distributable income of S$234.9 million is 11.4% higher year-on-year.
• 13.7% yoy growth over FY2008/09 DPU of 11.76 cents.
• FY2009/10 Net Property Income grew by 7.9% of which 34.6% is contributed organically.
• Positive rental reversion on lease renewals in the sectors of Business & Science Parks, Hi-Tech Industrial as well as Logistics & Distribution Centres.
• Distribution of 2.73 cents per unit for the period from 1 January 2010 to 31 March 2010.

Author's Note
The DPU of 2.73 cents will XD on 23 Apr 2010, and will be paid on 25 May 2010.