Frasers Logistics & Commercial Trust revenue surged, hitting S$216 million in the first half of the financial year, a 3.9% increase from last year’s S$208 million.
Adjusted net property income also showed a positive trend, reaching S$158,694 for the period, a 1.8% increase year-over-year.“In Singapore, overall demand for business parks remained cautious as consolidations outweighed new set-ups The positive momentum in financials was further fuelled by contributions from newly acquired properties like Ellesmere Port, Connexion II, and Worcester. However, higher vacancies and higher operating expenses offset this uptrend.
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FLCT revenue climbs to $216m in first halfpstrongspan style="font-size:11pt; font-variant:normal; white-space:pre-wrap"span style="font-family:Arial,sans-serif"span style="color:000000"span style="font-weight:700"span style="font-style:normal"span style="text-decoration:none"Increases in its financials were attributed to positive rent adjustments.
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Mapletree Pan Asia Commercial Trust reports 1.8% higher DPU than last yearThey report a 1.8% higher distribution per unit (DPU) than last year, amounting to 2.29 cents for the 4QFY2023/2024 ending on March 31
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CapitaLand Malaysia Trust reports a 36.8% YoY jump in DPUpstrongThe firm’s distributable income also improved, rising 69.8% in 1Q24./strong/p pCapitaLand Malaysia Trust (CLMT) reported a distribution per unit (DPU) of 1.19 sen ($0.0106) in 1Q24, translating to a 36.8% YoY increase. /p pIn the same period, distributable income rose 69.8% to RM33.6m ($301,795) from RM19.8m ($177,903) in 1Q23.
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Mapletree Logistics Trust's DPU declines 2.5% YoY in 4Q23/24 despite higher NPIpstrongNPI for the period was 0.6% YoY higher./strong/p pMapletree Logistics Trust (MLT) reported a 2.5% YoY lower available distribution per unit (DPU) of $0.02211 in 4QFY23/24 despite higher net property income (NPI) and amount distributable to unitholders.
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AIMS APAC REIT 1Q24 DPU falls despite income risepstrongDPU for the period declined by 5.9%./strong/p pAIMS APAC REIT's distribution per unit fell 5.9% to $0.09360 in FY24 despite higher income./p pIn a bourse filing, the REIT explained that the lower DPU was due to an "enlarged unit base" following an Equity Fund Raising (EFR) in July 2023.
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Suntec REIT's distributable income dips 1.1% YoY in 1Q24pstrongWith lower income, the REIT also reported a 1.8% dip in DPU./strong/p pSuntec REIT posted a 1.1% YoY lower distributable income to unitholders of $44m in 1Q24./p pThe REIT also recorded a 1.8% YoY drop in its distribution per unit (DPU) from operations to $0.01511.
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