Featured Articles

Featured Articles
Ever wonder how to start using CPF to buy shares? Do visit Using CPF to buy shares (CPF Investment Scheme CPFIS-OA)

Advertisement

Directory

All about REIT Introduces concepts and terminologies about REIT.

About a Reit Talks about a particular REIT. Includes latest or historical performance, its business, and more.

Books and Thoughts About investment books and thoughts after reading.

REIT Financial News Latest financial news related to REIT

Commentary Commentary about news or trends affecting the REITs, or about the Market in general.

General Investment Tips, guide or thoughts about investment in general.

Monday, October 18, 2010

K-Reit Q3 2010 Quarterly Earnings Report

Q3 2010 results for K-Reit:
Key Points
  • The DPU for the reporting quarter is 1.69 cents.
  • Distributable income rose 22.2% year-on-year to $62.5 million due mainly to higher net property income (NPI) and lower interest expense.
  • NPI increased 40.5% year-on-year to $49.8 million due mainly to income contribution from the 50% interest in 275 George Street and additional 29% interest in Prudential Tower.
  • Distribution Per Unit (DPU) for January to September 2010 amounted to 4.65 cents.
  • Singapore property portfolio committed occupancy of 99.1% as at 30 September 2010 is higher than Singapore core CBD occupancy of 95.2%.
Author's Note
The DPU for the reporting quarter is 1.69 cents. There will not be any distribution this quarter as the reit has a semi-annual distribution policy. DPU was 1.64 cents for the previous quarter.





No comments:

Post a Comment

Blog Archive