Sunday, July 25, 2010

REITable?

 it was vacant many years ago

In my Saturday's Business Times, 4 REITs' results were reported. May I summarise the results for quarter ended June 30, 2010 as follows:-

1. CapitaRetail China Trust (CRCT)
Gross revenue - $29.6m (-2.8% compared to Q2 last year)
Net property income - $19.8m
Distribution per unit (DPU) - 2.07cents
Share price - $1.26 (as of Friday's closing)

2. Ascott REIT
Gross revenue - $44.4m (+3% compared to Q2 last year)
Net property income - $11.6m ($11 in Q2 last year)
Distribution per unit (DPU) - 1.87cents (1.79cents in Q2 2009)
Share price - $1.23 (as of Friday's closing)

3. Frasers Centrepoint Trust (FCT)
Gross revenue - $30.7m (+45%)
Net property income - $16.3m (+35% compared to similar quarter last year)
Distribution per unit (DPU) - 2.07cents (1.97cents in similar quarter last year)
Share price - $1.39 (as of Friday's closing)

4. Ascendas India Trust (a-iTrust)
Gross revenue - $30.9m (+4% on year on year basis)
Net property income - $18.9m (+3% on year on year basis)
Distribution per unit (DPU) - 1.66cents (-19% compared to similar quarter last year)
Share price - $0.995 (as of July 22's closing)

P/S - Usual disclaimer apply.

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