INDUSTRIAL landlord ESR Reit saw an 18.9 per jump in distribution per unit 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.
This growth was partially offset by the lease conversions from single to multi-tenancy for two properties.Total amount available for distribution to unitholders swelled 138.8 per cent to S$32 million from S$13.4 million.Portfolio occupancy forthe first quarter remained healthy at 92 per cent, above the JTC average of 89.3 per cent, said ESR Reit's manager.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks to watch: Keppel Reit, Keppel Corp, Soilbuild Reit, Cache Logistics Trust, PECTHE following companies saw new developments that may affect trading of their shares on Thursday: Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
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: 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 »
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 »
Broker's take: OCBC Investment Research downgrades Mapletree Logistics Trust to 'hold'OCBC Investment Research has downgraded its recommendation of Mapletree Logistics Trust (MLT) to 'hold' and lowered its fair value on the real estate investment trust (Reit) from S$1.50 to S$1.45 on the uncertain longer-term outlook of CWT Pte Ltd - MLT's largest tenant. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »