No Recovery In Sight Yet Based On OUE Hospitality 3Q2018 Financial Results

OUE Hospitality Trust Logo

It was another quarter of disappointing financial results for OUE Hospitality Trust. On 7th November 2018, OUE Hospitality Trust announced their 3Q2018 financial results. Despite claims of increasing tourists arrival to Singapore, the financial results was a sea of red.

Net Property Income (“NPI”) for 3Q2018 was $0.4 million lower than 3Q2017 due to lower gross revenue from the properties. Distributable income in 3Q2018 was S$1.3 million lower than in 3Q2017, and Distribution Per Share (“DPS”) for 3Q2018 was 1.28 cents, 5.9% lower than 3Q2017. The manager attributed the lower distribution to mainly the absence of income support for Crowne Plaza Changi
Airport (“CPCA”). Read More

Frasers Logistics and Industrial Trust Full Year DPU is 7.19 cents

This is the financial results announcement I have been waiting for. On Monday, 5th November 2018, Frasers Logistics and Industrial Trust has announced their 4QFY18 financial results. You can guess why I am so anxious and excited as Frasers Logistics and Industrial Trust makes up 15% of my stock portfolio and 23% of my wife’s stock portfolio. The manager of Frasers Logistics and Industrial Trust has been rather aggressive in their property divestment and new acquisition and I am expecting some extraordinary results.

You can read more of them here:

Frasers Logistics and Industrial Trust Divests 80 Hartley Street Asset

Frasers Logistics and Industrial Trust Divests Lot 102 Coghlan Road In South Australia

Frasers Logistics and Industrial Trust Acquires NSW Property and QLD Property Read More

Mapletree Commercial Trust DPU Grew 1.3% for 2QFY18/19

This is one REIT that give you no surprises. It has been almost a year since I wrote Why I Bought Into Mapletree Commercial Trust. Today, Mapletree Commercial Trust has announced their 2QFY18/19 financial results. Distribution Per Unit (“DPU”) grew by 1.3% to 2.27 Singapore cents driven by higher contribution from VivoCity, MBC I and MLHF.

Mapletree Commercial Trust’s flagship shopping mall, VivoCity achieved healthy growth in shopper traffic and tenant sales of 5.8% and 2.8% respectively in 2Q FY18/19. In addition, the speculation in Investing Note forum that the hypermart will be replaced came true. FairPrice will replace VivoMart with a new integrated concept by 1H FY19/20. This should further boost shopper traffic at VivoCity.

The overall portfolio committed occupancy stood at 98.7% which I think is overall healthy.

Here are the 2QFY18/19 financial results compared with 2QFY17/18. Read More