Financial Statements
Manulife US REIT’s occupancy drops to 78.7% in 1Q24
The REIT attributed the drop to TCW's lease expiry.
Keong Hong Holdings warns of impending losses
Higher construction costs impacted the company's bottom line.
AIMS APAC REIT distribution per unit slips 5.9% YoY in FY2024
On the other hand, net property income grew 6.9% YoY.
FLCT revenue climbs to $216m in first half
Increases in its financials were attributed to positive rent adjustments.
LHN Limited Warns of a profit dip in 1H24
It expects a $14.5m profit for the period.
Venture Corp net profit drops 18.3% YoY in 1Q24
Revenue for the period also fell.
Keppel Infrastructure Trust’s income hit by distribution and storage segment setback
Distributable income fell 29.1% YoY to $50.9m in 1Q24.
Elite Commercial REIT’s NPI dips 3.7% YoY despite revenue increase
NPI for the period was £8.3m.
Prudential sees 11% YoY rise in Q1'24 new business profit
APE sales increased by 7% YoY to $1.6b.
Japfa's 1Q24 profit rebounds to $16.93m
A year ago, the company recorded a $58.55m loss.
Yen depreciation hurts Parkway Life REIT's quarterly net property income
NPI for the period was down 2.8% YoY.
Mapletree Logistics Trust's DPU declines 2.5% YoY in 4Q23/24 despite higher NPI
NPI for the period was 0.6% YoY higher.
CDL Hospitality Trust boosts NPI by 6.8% amid rising RevPAR
In Singapore, RevPAR rose 16.6% YoY to $205.
Far East Hospitality Trust's NPI climbs 6% to $25.1m on strong hotel growth
The hotel segment posted an 8.4% YoY higher revenue in 1Q24.
Starhill Global REIT's NPI dips 0.9% YoY amidst currency challenges
NPI for the period was $37.7m.
Wilmar’s Q1 net profit plunges 22.6% YoY
Lower earnings from some of its business units and investments in China pulled Wilmar’s net profit down.
Commentary
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