Commercial Property
Prime US REIT’s net property income drops 7.2% YoY to US$47.2m in 1H23
Prime US REIT’s net property income drops 7.2% YoY to US$47.2m in 1H23
The REIT attributed the decline to lower occupancy and higher operating expenses.
Far East Orchard’s profit attributable to equity holders rises 2.1% YoY to $8.2m in 1H23
The company attributed its improved earnings to strong tourism growth.
Singapore Land’s PATMI down 53% in H1
The firm reported a $168.4m net profit in the first half (H1) of 2023.
LHN Group subsidiary buys Rangoon Road Property
99 Rangoon Road was sold for $14.5m.
Paragon REIT NPI up 0.1% YoY to $106.1m in H1
However, its DPU declined by 15.7% to 2.4 cents.
‘Period of uncertainty’ awaits Sabana REIT unitholders after manager’s removal: ESR Group
More than half (57.5%) of unitholders voted for the removal of Sabana’s manager.
Lendlease Global Commercial REIT’s doubles net property income in FY23
It recorded an NPI of $153.9m during the period.
ARA US Hospitality Trust’s NPI rises 4.3% YoY to US$22m in 1H23
Given the higher NPI, the REIT proposed a 5.2% YoY higher distribution per stapled security.
Sabana Reit unitholders vote: external manager out, internal manager in
More than 50% of votes were cast for both resolutions.
Elite Commercial REIT posts 24.2% YoY lower DPU of £0.0194 in 1H23
On a quarter-on-quarter basis, DPU grew by 6.4%.
Asking prices of rental properties drop since 2018: report
Property Guru said the rental index fell 2.9% QoQ in Q3 2023.
Yanlord Land presales down 37.7% to $4.27b in 7M 2023
Presales fell but a larger gross floor area (GFA) was contracted during the period.
IREIT Global’s net property income drops 10.1% YoY to €22m in 1H23
The REIT attributed the decline to higher property operating expenses.
Singapore posts 1.4% QoQ rise in net effective cost of office market: report
It ranked fifth highest in growth.
Public bidding to be set for site at 11 Tuas Avenue 18
JTC will launch the site under industrial GLS programme.
Looking within is key to finding the right flex space — experts
Five out of 10 organisations in Singapore are opting for flex leases, says an IWG expert.
Glass Lewis urges Sabana REIT unitholders to vote against Quarz’s resolutions
The proxy adviser recognised the REIT manager's strong performance over the past 5 years.
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