CapitaLand Integrated Commercial Trust's net property income rose 0.6% YoY to $275m in 3Q23, its latest financial update showed.The top tenant which contributed to CICT's total gross rental income for September was RC Hotels , followed by WeWork Singapore , Commerzbank A.G. , GIC Private Limited , and NTUC Enterprise Co-Operative .
The increase in gross rental income, however, was offset by a rise in operating expenses largely due to higher actual occupancy and shopper traffic.Occupancy rose across all its portfolios, led by Retail with 99.0%, Interarted development with 98%, and Office with 96.4%.Since you're here... ...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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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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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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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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Mapletree Industrial Trust's net property income drops 1.4% YoY to $128.6m in 2QFY23/24pstrongIn 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.
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