Starhill Global REIT said Thursday its fiscal 2H net property income rose 20.2% on-year to S$69.8M, mainly on lower rental assistance for tenants.Read More
Daiwa downgraded Ascott Residence Trust to Outperform from Buy after first half results missed forecasts on a slower-than-expected recovery.
Singapore companies which may be in focus on Wednesday, 27 July 2021: Keppel, Parkway Life REIT, Mapletree Industrial Trust and Oxley.
CapitaLand Integrated Commercial Trust (CICT) said Wednesday 1H21 net property income was S$472.16M. The results missed Daiwa’s forecasts.
KORE has launched a private placement of up to 90.28M new units at US$0.72 to US$0.743 to raise US$65M to fund two proposed acquisitions.
KORE plans to acquire two office buildings — Bridge Crossing in Nashville and 105 Edgeview in Colorado — for a total of US$105.1M.
Parkway Life REIT said its 2Q21 net property income fell 2.8% on-year to S$27.42M on a Japan property divestment and the yen’s depreciation.
Mapletree Industrial said Tuesday its fiscal 1Q net profit climbed 33.1% YoY to S$104.72M, mainly on the purchase of 14 U.S. data centers.
DBS upgraded Keppel DC REIT to Buy from Hold, citing “surprise acquisitions” after the REIT announced it would buy Guangdong Data Centre.
Singapore companies which may be in focus on Tuesday, 27 July 2021: CDL Hospitality Trusts, Keppel DC REIT, KORE, LMIRT and ST Engineering.
Ascott Residence Trust said Tuesday DPS rose 95% on-year on divestments and termination-fee income. The results missed Daiwa’s forecast.
KORE reported Monday its 2Q21 net property income slipped 3.3 percent on-year to US$20.23M, while gross revenue declined 3.9 percent on-year.