Brokers' Call

FRASERS CENTREPOINT TRUST

Frasers Centrepoint Trust's (FCT) third-quarter performance was in line, with gross revenue up 10.9 per cent y-o-y to $48.3 million, thanks to higher portfolio occupancy and positive rental reversions...
 

ASCOTT RESIDENCE TRUST

Ascott Residence Trust's (ART) Q2 revenue rose 6 per cent y-o-y to $130.5 million, while DPU (distribution per unit) was flat at 1.84 cents or 27 per cent of our initial full-year forecast...
 

MAPLETREE INDUSTRIAL TRUST

Gross revenue and DPU for Mapletree Industrial Trust (MIT) were within expectations, meeting 25.6 per cent and 24.8 per cent respectively of our FY19 full-year estimate...
 

SUNTEC REIT

Suntec Reit reported a 3.7 per cent rise in Q2 revenue to $90.5 million from last year, thanks to higher contributions from Suntec Singapore Convention and 177 Pacific Highway in Australia, while distributable income remained flat year over year (yoy)...
 

Hongkong Land

HONGKONG Land (HKL) posted a solid performance in investment properties, registering a 9 per cent y-o-y growth in rental income in H1 2018 to US$484 million...
 

Dairy Farm

We downgrade Dairy Farm to "neutral" from "buy" with a new US$9.60 TP, offering a 5 per cent upside...
 

Starhill Global Reit

We like Starhill Global Reit (SGReit) for its diversified portfolio of prime retail and office assets in the Asia-Pacific region anchored by two visible Orchard Road Malls - Wisma Atria and Ngee Ann City...
 

CapitaLand Retail China Trust

After the divestment of CapitaMall Anzhen, CapitaLand Retail China Trust (CRCT) has acquired a much younger asset, Rock Square, in the first-tier city of Guangzhou...
 

Ascendas Reit

Ascendas Reit's (Areit) Q1 FY2019 revenue grew 1.5 per cent year-on-year due to the acquisition of three Australian properties, completion of 50 Kallang Ave and 20 Tuas Ave 1 redevelopment, 10 Woodlands Link, 13 International Business Park and 84 Genting Lane as well as positive rental reversion...
 

Cache Logistics Trust

Cache Logistics Trust's (Cache) Q2 2018 results were within expectations. Gross revenue increased 7.7 per cent to S$30.0 million while NPI dipped 0.1 per cent year-on-year to S$21.6 million...
 

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