Monday, April 15, 2013
Keppel REIT books 20.7% increase in Q1 net property income
Keppel REIT books 20.7% increase in Q1 net property income
POSTED: 15 Apr 2013 9:24 PM
Keppel Real Estate Investment Trust (REIT) booked a 20.7 per cent on-year increase in its first quarter net property Income at S$34.4 million.
SINGAPORE: Keppel Real Estate Investment Trust (REIT) booked a 20.7 per cent on-year increase in its first quarter net property Income at S$34.4 million.
Keppel REIT said the growth was primarily driven by higher occupancies and improved performance from Ocean Financial Centre and 77 King Street which contributed to the increase in property income.
In Q1, Keppel REIT saw property income rose by 13.2 per cent on-year to S$41.4 million.
In a statement, the trust said its distributable income for 1Q 2013 increased 7.6 per cent to S$52.2 million, compared to the previous year.
Its distribution per unit (DPU) for 1Q 2013 stood at 1.97 cents, up by 3.7 per cent on-year. On an annualised basis, its DPU was 7.99 cents -- that is 4.6 per cent higher than the previous year.
Looking ahead, Keppel REIT said it remains confident of the performance of its property portfolio. It added that as at end Q1 2013, its portfolio occupancy was nearly 99 per cent.
The trust manager said all refinancing for 2013 has been completed and the refinanced sum for 2013 has been termed out to 2018 and the weighted average term to expiry has been extended to 3.2 years.
Apart from focusing on efforts to maintain a high occupancy for its properties, Keppel REIT said it will also selectively pursue opportunities for strategic acquisitions to drive growth.
- CNA/ac
- wong chee tat :)
POSTED: 15 Apr 2013 9:24 PM
Keppel Real Estate Investment Trust (REIT) booked a 20.7 per cent on-year increase in its first quarter net property Income at S$34.4 million.
SINGAPORE: Keppel Real Estate Investment Trust (REIT) booked a 20.7 per cent on-year increase in its first quarter net property Income at S$34.4 million.
Keppel REIT said the growth was primarily driven by higher occupancies and improved performance from Ocean Financial Centre and 77 King Street which contributed to the increase in property income.
In Q1, Keppel REIT saw property income rose by 13.2 per cent on-year to S$41.4 million.
In a statement, the trust said its distributable income for 1Q 2013 increased 7.6 per cent to S$52.2 million, compared to the previous year.
Its distribution per unit (DPU) for 1Q 2013 stood at 1.97 cents, up by 3.7 per cent on-year. On an annualised basis, its DPU was 7.99 cents -- that is 4.6 per cent higher than the previous year.
Looking ahead, Keppel REIT said it remains confident of the performance of its property portfolio. It added that as at end Q1 2013, its portfolio occupancy was nearly 99 per cent.
The trust manager said all refinancing for 2013 has been completed and the refinanced sum for 2013 has been termed out to 2018 and the weighted average term to expiry has been extended to 3.2 years.
Apart from focusing on efforts to maintain a high occupancy for its properties, Keppel REIT said it will also selectively pursue opportunities for strategic acquisitions to drive growth.
- CNA/ac
- wong chee tat :)
Reclaim my free space in iphone 4
Having been taking pics and pics. There are lots and lots of them taken and stored them in my iphone 4, until one fine day, I ran out of free space in my iphone 4!
Going to General -> Usage and then free up some space by deleting unnecessary apps in my iphone.
Under General -> About -> Diagnostics & Usage -> Diagnostics & Usage , I saw there are many logs files or crash reports. Ok, can I delete them and free up some space (if any?)
Did a quick search, sync it under itunes and then the logs files or crash reports will disappear..... and then dumped into my Windows Recycle Bin! In fact, the original location is under iTunes\iTunes Media\Mobile Applications.
Ok, so how many items are there and how much space it hogged? 32 items totalled 566MB!
Anyway, planning to change my iphone 4 too. Which phones do you think I should use?
- wong chee tat :)
Going to General -> Usage and then free up some space by deleting unnecessary apps in my iphone.
Under General -> About -> Diagnostics & Usage -> Diagnostics & Usage , I saw there are many logs files or crash reports. Ok, can I delete them and free up some space (if any?)
Ok, so how many items are there and how much space it hogged? 32 items totalled 566MB!
Anyway, planning to change my iphone 4 too. Which phones do you think I should use?
- wong chee tat :)
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