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ANALYSTS from various brokerages were disappointed by Manulife US Reit’s H1 performance, which saw distribution per unit (DPU) slip due to <a href="/companies-markets/manulife-us-reit-manager-eyes-hotelisation-of-office-assets-amid-dour-outlook" target="_blank">lower occupancy</a> in its portfolio. This led to a cut in target prices across the board, though they remained largely bullish on the office Reit’s future performance.

ELITE Commercial Reit’s distribution per unit (DPU) fell by 2.7 per cent to £0.0256 for its first half ended Jun 30, from £0.0263 in the corresponding period a year ago.

FRASERS Logistics &amp; Commercial Trust (FLCT) recorded 173,087 square metres (sq m) of leasing across its portfolio in Q3 ended June, the real estate investment trust’s (Reit) manager said in a Friday (Aug 5) business update.

REAL estate investment in Asia-Pacific dropped 17 per cent on the year in the first half of 2022, as deal activity in several of the region’s major economies moderated from a high base in 2021.

A MAJOR tenant departure is expected to drag down the earnings of Prime US Real Estate Investment Trust (Reit) in the third quarter of the year.

THE number of Housing and Development Board (HDB) flats resold rose in July, while resale prices grew at a slower pace, according to flash estimates from property portal SRX and 99.co released on Thursday (Aug 4).

CAPITALAND Investment’s wholly-owned lodging business, The Ascott, will acquire a freehold asset in Tokyo, Japan through its private equity fund with the Qatar Investment Authority.

ARA US Hospitality Trust (ARA H-Trust) on Thursday (Aug 4) posted a distribution per stapled security (DPS) of US$0.01427 for the first half ended Jun 30, comprising capital distributions.

THE rejuvenation of the Anson Road locale in the central business district is set to receive a boost. UE Bizhub Tower, a 23-storey freehold office tower, could make way for a new project comprising serviced residences along with offices and a small amount of retail space.

OFFICE rents in the City Hall area rose 1.3 per cent quarter-on-quarter to S$9.82 per sq ft (psf), making it the second-highest in rent among Grade A central business district (CBD) micro-markets after Marina Bay, Savills Singapore said in a Wednesday (Aug 3) report.

Daiwa House Logistics Trust on Wednesday (Aug 3) posted a distribution per unit (DPU) of S$0.0309 for the period between Nov 26, 2021 (its listing date) and Jun 30, 2022.

Alibaba and a Perennial Holdings-led consortium’s proposed mixed-use project on the former AXA Tower site opposite Tanjong Pagar MRT station is poised to overtake Guoco Tower as Singapore’s tallest development.

MANDATORY compliance with a new code of conduct for leasing is welcomed by tenants, but several retailers who spoke to The Business Times also flagged that landlords are finding new ways to increase the amounts that tenants have to pay.

THE total transacted value of strata office units slid 21 per cent to S$365.1 million in the first half of 2022, from S$461.9 million in H2 2021.

In the early days of the Covid-19 pandemic, workers in many cities across the world abandoned physical offices and worked from home. Questions arose about the fate of office buildings. Would these buildings become empty shells and see their values plummet?

MAYBANK has raised its target price for Ascott Residence Trust (ART) to S$1.40, from S$1.30, on expectations of strong revenue recovery in the second half of the year. It has a ‘buy’ call on the counter.