Suntec REIT DPU Rises for 3QFY15

Suntec_Logo

Suntec REIT announces its results for 3QFY15 on 22nd October 2015. DPU rises 8.3% to 2.522 cents as compared to the same period last year.

Suntec REIT portfolio includes

  • Suntec City
  • Park mall (in the midst of divesting, to be completed by end FY2015)
  • One Raffles Quay (one-third)
  • MBFC Properties (one-third)
  • 177 Pacific Highway, an iconic landmark office development in North Sydney (100% by early 2016)

Read More

Mapletree Commercial Trust DPU Rises 2.5% to 2.02 cents 2QFY15

Mapletree Commercial Trust Logo

Mapletree Commercial Trust announces its results for 2QFY15 on 21st October 2015. The Distribution per Unit (“DPU”) for 2Q FY15/16 went up 2.5% to 2.02 cents and Net Property Income (“NPI”) for 2Q FY15/16 grew 5.1%.

VivoCity tenant sales for 2Q FY15/16 went up 5.5% to more than S$225 million for the quarter. If you did not know, VivoCity has launched new retail space at basement one from 15 April 2015 which has probably has contributed to the increase in tenant sales. Nine retailers occupy the new retail space at Basement 1. Two of which are new-to-market retailers: American Eagle Outfitters, a US apparel brand, and Weekends, a multi-brand lifestyle retailer.

Read More