FrasersCT Q1 2011 Quarterly Earnings Report

FrasersCT Q1 2011 Quarterly Earnings Report:

• Press Release
• Financial Statements
• Presentation Slides

Key Points

• DPU of 2.07 cents for the reporting quarter.
• 2Q11 gross revenue rose 2% y-on-y to $28.8 million, bolstered by higher revenue contributions from Northpoint and YewTee Point. 2Q11 net property income dipped slightly to $20.1 million, as Causeway Point income was affected by on-going refurbishment works.
• Portfolio occupancy declined to 83% as at 31 March 2011, pulled down by lower occupancy at Causeway Point. The other malls in the portfolio continue to maintain close to full occupancy.
• The Books will close from 5pm on 3 May 2011 for the purpose of determining Unitholders’ entitlement to the distribution. 
• The distribution will be paid on 30 May 2011.
• NAV per unit of $1.28 as at 31 Mar 2011.
• Gearing of 31.2% as at 31 Mar 2011.

Author's Note
The DPU for the reporting quarter is 2.07 cents and will be paid on 30 May 2011. Books closure is on 3 May 2011.

The DPU was 1.95 cents in the previous quarter.

Related Posts

• Results Release 
• DPU Information Page 
• FCT Q3 2010 Quarterly Earnings Report 
• FrasersCT Q4 2010 Quarterly Earnings Report

Ascott Reit Q1 2011 Quarterly Earnings Report

Ascott Reit Q1 2011 Quarterly Earnings Report:

• Press Release
• Financial Results
• Presentation Slides

Key Points

• Distribution per unit (DPU) for the period is 2.14 cents.
• Ascott Reit’s revenue for first quarter 2011 increased by S$23.8 million or
  55% to S$67.3 million as compared to first quarter 2010. 
• Gross profit was correspondingly higher by 81% at S$36.4 million. 
• The increase in revenue and gross profit were mainly due to the contribution of S$27.7 million and S$17.1 million respectively from the 28 properties acquired by Ascott Reit on 1 October 2010, partially offset by the decrease of S$4.7 million and S$1.4 million in revenue and gross profit respectively from the divestment of Ascott Beijing and Country Woods.
• NAV per unit of S$1.26 as at 31 Mar 2011.
• Gearing of 41.1% as at 31 Mar 2011.

Author's Note

The DPU for the reporting quarter is 2.14 cents. There will be no distribution for this quarter as the Reit has a semi-annual distribution policy.


The DPU was 2.16 cents in the previous quarter.

Related Posts

• Ascott Reit Q4 2010 Quarterly Earnings Report
• Ascott Reit Q3 2010 Quarterly Earnings Report
• Results Release 
• DPU Information Page

CMT Q1 2011 Quarterly Earnings Report

CMT Q1 2011 Quarterly Earnings Report:

• Press Release
• Financial Statements
• Presentation Slides

Key Points

• DPU of 2.29 cents for the reporting quarter.
• This translates to an annualised distribution yield of 4.99% based on CMT’s closing price of S$1.86 per unit on 20 April 2011.
• Unitholders can expect to receive their 1Q 2011 DPU on 30 May 2011. The Books Closure Date is on 3 May 2011.
• CMT raised S$300.0 million by issuing two-year retail bonds in February 2011. With this issuance, CMT’s average cost of debt and gearing ratio were 3.7% and 38.2% respectively as at 31 March 2011.
• NAV per unit of S$1.55 as at 31 March 2011.

Author's Note
The quarterly DPU of 1.55 cents will be paid on 30 May 2011. Book closure is on 3 May 2011.

Note that the above estimated Distribution is computed on the basis that none of the Convertible Bonds are converted into Units before the Books Closure Date. Accordingly, the actual quantum of the Distribution may differ from the above estimated Distribution if any of the Convertible Bonds are converted into Units before the Books Closure Date. The actual quantum of the Distribution will be announced by 12 May 2011, after the closure of the Transfer Books and Register of Unitholders.

The DPU was 2.361 cents in the previous quarter.

Related Posts

• Results Release 
• DPU Information Page   
• CMT Q3 2010 Quarterly Earnings Report
• CMT Q4 2010 Quarterly Earnings Report

CDL H-Trust - Date of Result Release for Q1 2011

Updated date of Result Release for Q1 2011:
CDL H-Trust Apr 26

Latest Update at Results Release.

MapletreeLog acquires Iljuk Gyeonggi Centre in South Korea

MapletreeLog acquires Iljuk Gyeonggi Centre in South Korea:

• Press Release
• Announcements

Key Points

• Mapletree Logistics Trust Management Ltd. (“MLTM”), as Manager of Mapletree Logistics Trust (“MapletreeLog”), is pleased to announce the acquisition of Iljuk Gyeonggi Centre in South Korea (the “Property”) from Iljuk Gyeonggi Logistics Co. Ltd (“Vendor”) for a consideration of KRW 22 billion (approximately S$25.5 million).
• The Property is located in Gyeonggi-do, approximately 60 km from Seoul. 
• The Property comprises two blocks of 3-storey dry warehouses with a total gross floor area of about 23,400 sqm. 
• At the purchase consideration of KRW 22 billion, the Property provides an initial NPI yield of 9.3%. 
• The Property is leased to Seol Logistics Co. Ltd (“SEOL”) under a master head lease for 5 years with built-in rental escalation of 3.5% per annum. SEOL provides logistics services, including leasing of space to its customers. Its customer base includes well-established listed entities in South Korea such as S1 Corporation (a security solutions company) and Amore Pacific Corporation (a cosmetics company).
• Assuming that the acquisition is fully funded by debt, MapletreeLog’s gearing level is expected to increase to approximately 40%. 
• The acquisition is expected to complete by 2Q 2011. 
• Upon completion, MapletreeLog’s total portfolio will increase to 97 properties with total book value of S$3,609 million.

Related Posts

• Mapletreelog acquires Singapore property at 15A Tuas Avenue 18
• MapletreeLog completes of Acquisition of 44 & 46 Changi South Street 1, Singapore
• Mapletreelog acquires singapore property for S$16.8 million - 2 DEC 2010
• MapletreeLog acquires N S Tang Building - 24 DEC 2010

AIMSAMPI Reit Q1 2011 Quarterly Earnings Report

AIMSAMPI Reit Q1 2011 Quarterly Earnings Report:

• Press Release
• Financial Statements
• Presentation Slides

Key Points

• DPU of 0.54 cents for the reporting quarter.
• Accretive acquisition of 29 Woodlands Industrial Park E1, NorthTech for S$72.0 million.
• Sale of 23 Changi South Ave 2 for $16.7 million, 3.1% above book value.
• Sale of Asahi Ohmiya Warehouse, Tokyo Japan for JPY1.49 million, 1.6% above book value.
• Well supported private placement, raising gross proceeds of S$43.5 million.
• Negotiated three year S$45.0 million acquisition debt facility in February 2011 which provides the Trust with additional financial flexibility.
• Revaluation of 25 Singapore properties:
• +2.67% vs 30 September 2010 valuations
• +4.00% vs 31 March 2010 valuations
• Portfolio size grew from S$803.9 million to S$853.2 million.
• An advanced distribution of 0.2850 cents per unit was paid on 28 March 2011 in conjunction with the private placement exercise in February 2011. 
• The books closure date to determine the entitlement to the distribution of the remaining 0.2550 cents DPU for 4Q FY2011 is 28 April 2011 and the date payable is 8 June 2011. 
• Aggregate leverage of 32.0% as at 31 March 2011.
• NAV per unit of $0.27 as at 31 March 2011.

Author's Note
The DPU for the reporting quarter is 0.54 cents. There was already an advanced distribution of 0.2850 cents per unit was paid on 28 March 2011 in conjunction with the private placement exercise in February 2011. The books closure date to determine the entitlement to the distribution of the remaining 0.2550 cents DPU for 4Q FY2011 is 28 April 2011 and the date payable is 8 June 2011. The remaining DPU of 0.2550 cents is for the period 23 February 2011 - 31 March 2011.

The DPU was 0.51 cents in the previous quarter.

Related Posts

• Results Release 
• DPU Information Page 
• AIMSAMPI Reit Q3 2010 Quarterly Earnings Report 
• AIMSAMPI Reit Q4 2010 Quarterly Earnings Report