Today's news selection contains the latest real estate related stories. Do you own a real estate/property/finance blog or news site? Send the URL to news@agent.sg so our editors can use them as sources.
Its logistics assets in the UK led has the most contributions.
Ascendas REIT saw its net property income (NPI) rose 8.5% YoY to $182.3m in Q3 2019 from $168m in 2018, an announcement revealed. However, its distribution per unit (DPU) fell 12.3% to 3.51 cents from 4 cents over the same period.
Total amount available for distribution edged up 2.1% YoY in Q3 to $126.9m from $124.3m, whilst its gross revenue also grew 5.1% YoY to $239.7m from $226.4m in Q3 2018.
For its 9M period, NPI edged up 10.6% YoY to $537.7m from $486.1m in 9M 2018, whilst its DPU dipped 3.3% YoY to 11.49 cents. The NPI growth was attributed to contributions from the 38 logistics properties in the UK, 28 properties in the US and two properties in Singapore.
Daily Property News from Singapore
- Ascendas Reit Q3 DPU down 12.3% on enlarged base following rights issue
- AA Reit posts flat Q3 DPU of 2.5 Singapore cents
- Singapore commercial and residential sectors expected to improve in 2020, says Colliers
- Private residential property market expected to ‘remain resilient’ in 2020: REDAS
- WeWork plans to name real estate industry veteran Mathrani CEO: sources
- Real estate investment beyond 2020: Going beyond location and yield
Public transport, traffic and other news stories from Singapore
- SIA to suspend additional flights between Singapore and China
- Quarantined cabbies, private hire drivers to receive one-off allowance of at least S$100
- 49% of office workers say getting a pay rise is their top career goal for 2020
- Extensive booking cancellations loom for hotels amidst nCov outbreak
- Evolution of HDB designs
- Things to do: What’s on this week
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- The 10 Best Restaurants in Singapore
- The 38 Essential Restaurants in Singapore
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Elegance Living Room Ideas
- 10 Ways To Add Elegance To Your Living Room Décor On A Budget
- 38 Elegant living rooms that are brilliantly designed
- Elegant Living Rooms
- 50 Swoon-Worthy Living Rooms You Have to See
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Previous news selection
Singapore private residential market may be stabilising: Redas president
About Agent.sg Daily Property News Selection
Agent.sg's Daily Property News Selection brings you the most important property market news in and around Singapore. We list the best articles on real estate development, property investment and on the property listing market on a daily basis - whoever stays out, misses out.
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