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 : Croesus Retail Trust (S6NU) - Posted a 48.8 percent gain in net property income (NPI) to JPY1.2 billion for the second quarter ended 31 December 2014, underpinned mainly by the contributions from three newly acquired properties, namely Luz Omori, Croesus Tachikawa and One’s Mall. Subsequently, income available for distribution was up 22.7 percent to JPY874.8 million. For the six months, NPI grew 11.4 percent to JPY2.3 billion while income available for distribution declined 10.1 percent to JPY1.7 billion mainly as a result of higher finance costs. The trust has declared a distribution per unit of $0.025 in addition to $0.0166 in advance distribution for the half-year period. (Source : Shares Investment)
2. REITS : Far East Hospitality Trust (Q5T) - Its NPI sank 9.2 percent to $27.7 million for the fourth quarter ended 31 December 2014, amid softer hotel rates as a result of weaker corporate business and an increase in hotel room supply. Subsequently, income available for distribution fell 8.8 percent to $22.9 million. For the full year, NPI dipped 1.7 percent to $110 million and income available for distribution slid 3.3 percent to $91.5 million. The trust has declared a distribution per unit of $0.0128 for the quarter. (Source : Shares Investment)
3. REITS : Saizen Trust (T8JU) - Its NPI stood flat at JPY686 million for the second quarter ended 31 December 2014, mainly as a result of a slight dip in average occupancy rate and lower rental reversions. A 24.6 percent decrease in finance costs was negated by lower unrealised foreign exchange gain as net profit was flattish at JPY457.3 million. For the six months, NPI dropped 2.1 percent to JPY1.4 billion and net profit gained 15.5 percent to JPY892.7 million which was helped by divestment gains on properties and fair value gains on financial derivatives. The trust has declared a distribution per unit of $0.031 for the six-month period. (Source : Shares Investment)
Cheers!
2. REITS : Far East Hospitality Trust (Q5T) - Its NPI sank 9.2 percent to $27.7 million for the fourth quarter ended 31 December 2014, amid softer hotel rates as a result of weaker corporate business and an increase in hotel room supply. Subsequently, income available for distribution fell 8.8 percent to $22.9 million. For the full year, NPI dipped 1.7 percent to $110 million and income available for distribution slid 3.3 percent to $91.5 million. The trust has declared a distribution per unit of $0.0128 for the quarter. (Source : Shares Investment)
3. REITS : Saizen Trust (T8JU) - Its NPI stood flat at JPY686 million for the second quarter ended 31 December 2014, mainly as a result of a slight dip in average occupancy rate and lower rental reversions. A 24.6 percent decrease in finance costs was negated by lower unrealised foreign exchange gain as net profit was flattish at JPY457.3 million. For the six months, NPI dropped 2.1 percent to JPY1.4 billion and net profit gained 15.5 percent to JPY892.7 million which was helped by divestment gains on properties and fair value gains on financial derivatives. The trust has declared a distribution per unit of $0.031 for the six-month period. (Source : Shares Investment)
Cheers!
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