Putting Trust in REIT stocks (Small Caps)

OUE C-Reit H2 DPU falls 4.2% to S$0.0137

OUE Commercial Real Estate Investment Trust OUE Com Reit: TS0U +1.16% on Wednesday (Feb 16) posted a distribution per unit of S$0.0137 for the second half of the fiscal year ended December 2021, down 4.2 per cent from DPU of S$0.0143 in the comparable year-ago period.

This propped up the Reit's full year DPU to S$0.0260, 7 per cent higher than DPU of S$0.0243 in FY2020.

The H2 distribution is expected to be paid out on Mar 30, after the book closure date on Feb 24.


Expectations of a better year in FY2022 gives Far East Hospitality Trust a strong buy call from analysts

Analysts have taken a strong liking for Far East Hospitality Trust (FEHT) following its results for FY2021 ended Dec 31 2021.

The trust – which has a portfolio of Singapore-focused hotels and serviced residences – reported a 4.1% y-o-y increase in its net property income to $75.2 million. This comes despite revenue coming in flat y-o-y on $83.2 million.
In this time, revenue from hotels was up by 4.7% y-o-y while that from serviced residences and commercial premises declined by 9% and 8.8% y-o-y respectively.
As such, hotel revenue per available room, or RevPAR, declined by 21.1% y-o-y to $56 due to lower average daily rates (down 16.7% y-o-y to $70) and occupancy rates (down 5.7 percentage points 79.4%). This is as the full the full impact of Covid-19 and the resultant movement restrictions was only felt after 1QFY2020.


Ara Logos Logistics Trust, ESR-Reit to vote on merger on Mar 21


IReit Global H2 DPU rises 7.9 per cent to 1.50 euro cents

EUROPE-FOCUSED IReit Global IREIT Global SGD: UD1U +0.79% posted a 7.9 per cent rise in distribution per unit (DPU) to 1.50 euro cents (22 Singapore cents) late on Friday (Feb 25), up from 1.39 euro cents for the half-year ended Dec 31, 2021.

The real estate investment trust (Reit) manager noted it had issued 11,372,868 placement units and 201,137,870 preferential offer units on June 30 and July 21 last year, which are entitled to the distribution for the financial period from June 30, 2021 to Dec 31, 2021.

Gross revenue rose 43.6 per cent to 28.5 million euros, while net property income rose 34.4 per cent to 23.2 million euros. The Reit manager retained 1.9 million euros of income.


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