Commercial Property
Manulife US REIT’s net income rises 2.8% YoY to US$57.6m in H122
Manulife US REIT’s net income rises 2.8% YoY to US$57.6m in H122
The REIT said higher car park income was amongst the factors that drove the increase.
Ascott acquires first lyf-branded co-living property in Tokyo
The property will be acquired through the Ascott Serviced Residence Global Fund.
ARA H-Trust’s net income soars 131% YoY to US$21.1m in H122
The increase was on the back of the trust’s higher revenue and gross operating profit.
Prime US Reit’s net property income up 9.7% in H1 22
The net property income was at $70m (US50.8m).
CBD Grade A office rents demand up by 0.4% in Q2 22
Net demand for offices amounted to 136,00 square feet.
Ascendas REIT’s net income increase 7% YoY to $476.9m in H1 22
The increase was driven by contributions from its newly acquired properties.
Chart of the day: Transaction volume of strata offices falls by 15.7% for H1 2022
The 145 units sold totaled $365.1m.
Strata office transaction value shrinks to $365.1m in H122
Compared to H221, the H122 figure represents a 15.7% decline.
Possible S$4b Mercatus acquisition to fortify CICT’s defenses
CICT will likely embark on an equity fund-raising if its bid is successful.
ESR-Logos Reit sells Pandan Logistics Hub above valuation
The logistics hub will sell for $43.5m.
Shophouses, residential building up for tender on 2 August: PropNex
Tender sales for the properties will close on 9 and 7 September, respectively.
Ascendas India Trust net property income climbs 8% in H1
Its net property income stood at $103.3m.
Starhill Global REIT’s NPI jumps 7.6% YoY to $75.1m in FY21/22
The cessation of rental rebates in Malaysia contributed to the increase.
Investment sales for properties could exceed $30b: report
Investors seek to field capital whilst inflation keeps rising.
Top Singapore REITs unscathed by rising interest rates
Improving net operating income will help them mitigate costs.
Ascott Residence Trust posts 14% DPS growth in H1 22
Its distribution per stapled security went up to $0.0233.
Rising rents to boost Suntec Reit’s office, retail assets: Maybank
The firm’s distribution per unit went up 15% in the second quarter of 2022.
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