Financial results of REITS

The real estate investment trusts (REITs) have started reporting their financial results for the quarter ended 31 December 2009.

 

The following were some key numbers for the quarter for various REITS:

 

                                 DPU                    Distributable

                                                             Income

CapitaMall        2.40 ¢ (+24.4%)    $76.5 m (+25.5%)

Ascendas Reit    3.27 ¢ (+13.5%)    $61.2 m (+13.4%)

CapitaComm   1.88 ¢ (+38.2%)   $52.9m (+39.3%)

Suntec Reit         2.886 ¢ (+1.0%)    $47.8m (+8.4%)

CDL Hospitality  2.67 ¢ (+48.3%)    $21.7 m (+14%)

K-Reit Asia          5.57 ¢ * (+9.7%)   $19.4m (+11.5%)

Parkway Life      2.05 ¢ (+11.6%)    $12.3 m (+11.6%)

Ascott Reit         1.87 ¢ (+11%)      $11.5 m (+12%)

Cambridge      1.377 ¢ (+2.5%)   $11.9 m (+6.3%) Q-o-Q

First Reit              1.92 ¢ (-1%)         $5.2 m (-0.6%)

CapitaRetail China   2.04 ¢(-10.1%)    $12.7 m (-9.7%)

 

Ascendas India   1.85 ¢ (-8.4%)     $14.1 m (-8%)

  * annualised DPU

 

 

Figures in brackets are percentage changes over the corresponding period of previous year 2008. The change must be viewed from the perspective that the 4th Quarter of 2008 was the quarter after Lehman Brothers Inc collapsed and Singapore was in recession.

 

Copyright © 2010, the author known as LKT in Singapore.

 

The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

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