Markets & Investing
First REIT DPU down 3.2% in Q1
First REIT DPU down 3.2% in Q1
Foreign exchange rates and interest rates impacted First REIT’s financials in the first quarter of 2024.
ESR-Logos REIT's NPI drops 10.8% post non-core asset divestments
Gross revenue also dropped 8.9% in 1Q24.
OneApex anticipates $5.1m from Tuas Seatown stake sale
The company will sell its entire 30% stake to Amwich.
Keppel REIT's net property income rises 7.2% YoY to $48.2M in 1Q24
The REIT attributed the increase to strong operating performance.
CapitaLand Ascendas REIT faces dip in overall occupancy to 93.3%
In Singapore, the occupancy rate slipped by 0.4% QoQ.
Singapore’s 1Q24 deals plummet 21.1% YoY
In the whole of APAC, deal volume declined by 12.2% YoY.
Gazelle Ventures offers to acquire No Signboard shares at $0.0021 apiece
The offer will close next month.
Moomoo, Nasdaq renew global strategic partnership
The two parties enhance their six-year collaboration with the announcement of the new global partnership.
Apple CEO Tim Cook to meet with Singapore leaders: report
His trip follows Apple's US$350m campus expansion announcement in Ang Mo Kio.
CICT NPI rises 6.3% YoY to $293.7M in 1Q24
Gross rental income growth and lower operating expenses drove the uptick.
Singapore tops SEA fintech funding with US$372M
The city accounts for 70% of SEA's total funds raised.
Keppel DC REIT divests Sydney data centre for $152.1m
The agreed value is 148.6% higher than the original investment.
Higher financing costs impact Keppel Pacific OAK US REIT's income
The REIT's income available for distribution fell to US$11.9m in 1Q24.
Enterprise SG, Temasek, and BE launch funding for SEA climate tech
Participating researchers will receive an initial USD$500,000 grant.
Staple bags US$4m in pre-series A funding round
The company will use the funds for its expansion.
Three investment strategies to boost Singapore’s green lead
In 2023, Singapore made US$913m worth of private green investments.
Residential sector dominates 1Q24 investment with $1.79B
The sector's investment sales, however, dropped 48.5% QoQ.
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