Stocks to watch: Suntec Reit, CRCT, Far East H-Trust, First Sponsor, Sasseur Reit

Suntec Reit:in the Reit to raise gross proceeds of about S$200 million. Around 111.1 million new units will be issued at S$1.80 each, and net proceeds amount to about S$195.6 million, after deducting estimated fees and expenses. The bulk of the proceeds will go towards financing potential acquisitions of properties in Australia, the Reit manager said on Thursday before the market opened. Units in Suntec Reit closed at S$1.89 on Wednesday, up 1.6 per cent, or three Singapore cents.

for the first quarter ended March 31, down from 2.75 cents a year ago. Gross revenue increased 1.1 per cent to S$55.96 million, underpinned by stronger rental growth from the core multi-tenanted malls, while net property income rose 7 per cent to S$39.8 million. Income available for distribution to unitholders was up 4.9 per cent to S$24.87 million. Units in CRCT closed at S$1.51 on Wednesday, up one Singapore cent.distribution per stapled security for the first quarter ended March 31 fall 3.

, from 0.94 cent a year ago. This came on the back of an enlarged base, and income available for distribution declining 1.2 per cent to S$17.4 million. The DPS for the quarter will be paid out on June 12, with books closure set for May 6. Net property income was 9 per cent higher at S$25.1 million, boosted by additional contribution from Oasia Hotel Downtown, which Far East H-Reit completed the acquisition of in April last year. Gross revenue grew 8 per cent to S$27.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks to watch: CapitaLand, Croesus Retail Trust, Sabana Reit, Datapulse, Global InvacomTHE following companies saw new developments that may affect trading of their shares on Monday: Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Stocks to watch: Olam, ComfortGelGro, Mapletree Commercial Trust, UIC, FCT, AA ReitTHE following companies saw new developments that may affect trading of their shares on Wednesday: Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Stocks to watch: CapitaLand, Sabana Reit, Datapulse, Global InvacomTHE following companies saw new developments that may affect trading of their shares on Monday: Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Dealer says 'John' and 'Su Ling' placed unauthorised trades in penny stocksANOTHER prosecution witness in the trial of John Soh Chee Wen and Quah Su-Ling, who allegedly rigged the market for Blumont Group, Asiasons Capital (now Attilan Group) and LionGold Corp, testified that he had accepted trades from unauthorised persons for his clients' accounts. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Europe: Stocks up for 8th session as oil surge boosts energy stocks[BENGALURU] Energy stocks boosted by a steady surge in oil prices, and a higher open on Wall Street helped European shares erase session losses and close higher on Tuesday, but a sell-off in banks and auto stocks kept gains in check. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

ESR Reit Q1 DPU jumps 18.9% to 1.007 S cents post-Viva Trust mergerINDUSTRIAL landlord ESR Reit saw an 18.9 per jump in distribution per unit (DPU) to 1.007 Singapore cents for its first quarter from 0.847 cent a year ago, on the back of contributions from Viva Industrial Trust's properties post-merger. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »