This article was originally published on Wednesday, 24 April 2019 at 23:37 SGT; it has since been updated to include Cache Logistics Trust, Manulife US REIT and Far East Hospitality Trust and to update Suntec REIT.
These are Singapore companies which may be in focus on Thursday, 25 April 2019:
Suntec REIT priced its placement of new units at S$1.80 each, raising around S$200 million after the upsize option was exercised, the REIT said in an SGX filing Thursday.
CapitaLand Retail China Trust
CapitaLand Retail China Trust, or CRCT, reported Wednesday its first quarter net property income rose 7.0 percent on-year to S$39.80 million on stronger rental growth and lower expenses. That beat a forecast from Daiwa.
Manulife US REIT
Manulife US REIT, or MUST, reported Thursday its first quarter net property income climbed 27.7 percent on-year to US$25.08 million, or around S$34.18 million on the acquisition of two properties.
Sasseur REIT is acquiring additional shop units at Sasseur (Hefei) Outlets for 98.3 million yuan, or around S$19.8 million, from a third-party seller, the REIT said Wednesday.
Far East Hospitality Trust
Far East Hospitality Trust reported Thursday first quarter net property income rose 9 percent on-year to S$25.07 million on contributions from the Oasia Hotel Downtown.
Cache Logistics Trust
Cache Logistics Trust reported Thursday its first quarter net property income increased 4.0 percent on-year to S$23.77 million on the acquisition of properties in Australia.
City Developments’s wholly owned subsidiary CDL Constellation has incorporated an associated company, NovaSims Development, for real estate development, the company said in a filing to SGX Thursday.
CDL Constellation has a 40 percent stake in NovaSims, while Intrepid Investments holds the remainder, the filing said.
NovaSims has issued share capital of S$4 million, it said.
Kingsmen Creatives has entered a global development agreement with entertainment company Discovery to develop Animal Planet traveling exhibits, the Singapore company said Wednesday.