As stock investors (even though a small one), it is important to keep abreast with the latest financial and market news. Since I am in it, I thought it might be worthwhile to share it out with my readers too.
Hence, I started this "Market News In 2 Minutes" series.
Following are the "Market News In 2 Minutes" for today :
1. REITS : Ascendas (A17U) - Announced an 11.2 percent rise in gross revenue to $171.7 million. The increase was due to the recognition of rental income from Hyflux Innovation Centre that was acquired in June 2014 and Aperia that was acquired in August 2014. Higher occupancies at Nexus@one-north and A-REIT City@Jinqiao as well as positive rental reversion also contributed to the higher revenue. Net property income margin fell 3.6 percentage points from 70.3 percent in 3Q14 to 66.7 percent in 3Q15 as operating expenses were relatively higher. Distributable income rose 1.6 percent to $86.4 million. A distribution per unit of $0.0359 was declared, a 1.4 percent increase from the previous year. (source : Shares Investment)
2. REITS : Ascott Residence Trust (A68U) - Revenue rose 13.2 percent to $95 million due to additional revenue from the acquisitions and stronger contributions from existing properties. Gross profit margin fell 1.5 percentage points from 49.6 percent in 4Q13 to 48.1 percent in 4Q14. Distributable income rose 25.9 percent to $33.1 million. A distribution per unit of $0.0216 was declared for the quarter, rising 62.4 percent from the previous year, bringing total distribution per unit for the year to $0.082. (source : Shares Investment)
3. REITS : CapitaMall Trust (C38U) - Saw a 2.2 percent rise in revenue to $165.2 million due to an increase in revenue from all malls except IMM and JCube. Net property income margin fell 4.2 percentage points from 68.3 percent in 4Q13 to 64.1 percent in 4Q14, due to a 27.6 percent rise in other property operating expenses. Distributable income rose 5 percent to $99.1 million. A distribution per unit of $0.0286 was declared, 5.1 percent higher than the previous year, bringing the full year distribution per unit to $0.1084. (source : Shares Investment)
4. REITS : Frasers Commercial Trust (ND8U) - Saw a 23.3 percent rise in revenue to $35.5 million. The growth was due to increased income from the underlying leases of Alexandra Technopark and China Square Central and 55 Market Street. Net property income margin fell 5.2 percentage points from 76.9 percent in 1Q14 to 71.8 percent in 1Q15 as property tax more than doubled and maintenance expenses surged 58.5 percent. Distributable income rose 22 percent to $16.7 million. The trust declared a distribution per unit of $0.024608, a 20.1 percent rise from the previous year. (source : Shares Investment)
5. REITS : Suntec REIT (T82U) - Reported a 7.3 percent rise in revenue to $76.8 million, due to the opening of Suntec Singapore and completion of Phase 2 of the asset enhancement works in Suntec City mall. Net property income margin fell 0.5 percentage points from 69.5 percent in 4Q13 to 69 percent in 4Q14 largely due to a 20.9 percent rise in other property expenses. Distributable income increased by 10.8 percent to $64.6 million, boosted by improved contributions from Suntec Singapore and income received from 177 Pacific Highway in North Sydney, Australia. The trust declared a distribution per unit of $0.02577, a 0.6 percent increase from the previous year, bringing the full-year distributions per unit to $0.094. (source : Shares Investment)
Cheers!
2. REITS : Ascott Residence Trust (A68U) - Revenue rose 13.2 percent to $95 million due to additional revenue from the acquisitions and stronger contributions from existing properties. Gross profit margin fell 1.5 percentage points from 49.6 percent in 4Q13 to 48.1 percent in 4Q14. Distributable income rose 25.9 percent to $33.1 million. A distribution per unit of $0.0216 was declared for the quarter, rising 62.4 percent from the previous year, bringing total distribution per unit for the year to $0.082. (source : Shares Investment)
3. REITS : CapitaMall Trust (C38U) - Saw a 2.2 percent rise in revenue to $165.2 million due to an increase in revenue from all malls except IMM and JCube. Net property income margin fell 4.2 percentage points from 68.3 percent in 4Q13 to 64.1 percent in 4Q14, due to a 27.6 percent rise in other property operating expenses. Distributable income rose 5 percent to $99.1 million. A distribution per unit of $0.0286 was declared, 5.1 percent higher than the previous year, bringing the full year distribution per unit to $0.1084. (source : Shares Investment)
4. REITS : Frasers Commercial Trust (ND8U) - Saw a 23.3 percent rise in revenue to $35.5 million. The growth was due to increased income from the underlying leases of Alexandra Technopark and China Square Central and 55 Market Street. Net property income margin fell 5.2 percentage points from 76.9 percent in 1Q14 to 71.8 percent in 1Q15 as property tax more than doubled and maintenance expenses surged 58.5 percent. Distributable income rose 22 percent to $16.7 million. The trust declared a distribution per unit of $0.024608, a 20.1 percent rise from the previous year. (source : Shares Investment)
5. REITS : Suntec REIT (T82U) - Reported a 7.3 percent rise in revenue to $76.8 million, due to the opening of Suntec Singapore and completion of Phase 2 of the asset enhancement works in Suntec City mall. Net property income margin fell 0.5 percentage points from 69.5 percent in 4Q13 to 69 percent in 4Q14 largely due to a 20.9 percent rise in other property expenses. Distributable income increased by 10.8 percent to $64.6 million, boosted by improved contributions from Suntec Singapore and income received from 177 Pacific Highway in North Sydney, Australia. The trust declared a distribution per unit of $0.02577, a 0.6 percent increase from the previous year, bringing the full-year distributions per unit to $0.094. (source : Shares Investment)
Cheers!
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