pstrongIn the same quarter, DPU fell 1.2% YoY./strong/p pMapletree Industrial Trust (MIT) posted a 1.4% YoY lower net property income (NPI) of $128.6m in 2QFY23/24./p pThe REIT also reported a 1.2% YoY lower distribution per unit (DPU) of $0.0332.
Mapletree Industrial Trust posted a 1.4% YoY lower net property income of $128.6m in 2QFY23/24.MIT, however, said the lower DPU was"a result of an enlarged unit base following the equity fundraising exercise in 1QFY23/24 and the distribution reinvestment plan for distributions from 3QFY21/22 to 3QFY22/23."
Meanwhile, the REIT reported a higher average rental rate of its Singapore portfolio at 2.19 per square foot per month in 2QFY23/24 from $2.18 psf/mth in 1QFY23/24....there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.Mapletree Industrial Trust's net property income drops 1.4% YoY to $128.6m in 2QFY23/24Daily Markets Briefing: STI declines 0.
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Mapletree Logistics Trust posts 0.9% YoY higher DPU of $0.02268 in 2QFY23/24pstrongThe REIT attributed the increase to contributions from acquisitions and divestment gains./strong/p pMapletree Logistics Trust (MLT) delivered a distribution per unit (DPU) of $0.02268 for 2QFY23/24, a 0.9% increase from 2QFY22/23./p pIn the same quarter, MLT posted a net property income of $161.98m (+1.
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Private residential resale volume slips 12% YoY to 2,748 units in 3Q23pstrongFor 2023, OrangeTee expects resale volume to reach 10,000-12,000 units./strong/p pSlower sales during the seventh lunar month and elevated interest rates dragged the private residential resale volume down to 2,748 in 3Q23, or a 12% drop from 3Q22.
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FCT's net property income rises 1.1% YoY to $129.6m in 2H23pstrongDespite the increase, it reported a 1.2% YoY lower DPU of $0.06020./strong/p pFrasers Centrepoint Trust posted a net property income (NPI) of $129.6m in the second half of financial year 2023 (2H23), translating to a 1.1% increase from 2H22./p pThe company also posted a 1.8% YoY higher gross revenue of $184.1m in 2H23.
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How Tuas Mega Port is charting a new course for SG's industrial property sectorpstrongAs of 2Q23, total industrial stock in the West Planning Region reached 261.3 million sq ft./strong/p pUpcoming demand for Singapore's logistics and warehouse space is likely to gravitate toward Tuas and its surrounding areas, thanks to the Tuas Mega Port.
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US submarine industrial base can and will support AUKUS: Pentagon officialWASHINGTON: The US submarine industrial base can and will support the AUKUS defence technology partnership to supply Australia with nuclear-powered submarines and will itself be strengthened by that project, a senior Pentagon official said on Wednesday.
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Far East Hospitality Trust's net property income soars to $28.1m in 3Q23pstrongThe 3Q23 NPI is 42.4% higher than the 3Q22 record of $19.7m./strong/p pFar East Hospitality Trust (FEHT) ended 3Q23 with a 42.4% YoY higher net property income (NPI) of $28.1m./p pIn a bourse filing, the REIT attributed the growth in its NPI to higher gross revenue during the quarter./p pIn 3Q23, FEHT recorded a 42.
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