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CROESUS Retail Trust (CRT) posted a distribution per unit (DPU) of 2.02 SGD cents for the second quarter of FY2014 ended December 31, 2013, which is 1.8 per cent higher than its IPO forecast of 1.98 SGD cents.
Gross revenue for the period recorded JPY 1.29 billion, which is 1.2 per cent higher than the IPO forecast. The revenue from Aeon Town Moriya, Aeon Town Suzuka and Luz Shinsaibashi were largely in line with forecasts.
For the quarter, the impact from competition, in particular the recent tenant renewal of Aeon Town Hanyu and one year anniversary from the opening of Ario Washinomiya, on Mallage Shobu was more muted than originally expected.
CRT reported net property income of JPY 805.87 million, which is 2.4 per cent higher than the IPO forecast. The main positive variance was from property management expenses. This variance was offset by increased sales and promotion expenses at Mallage Shobu which were necessary to enhance Mallage Shobu's competitiveness vis-à-vis the competition. Notwithstanding, overall property expenses were lower than forecast by 0.8 per cent.
Azzaramich ( Date: 14-Feb-2014 10:14) Posted:
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edwinjup ( Date: 05-Feb-2014 08:03) Posted:
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slownsteady ( Date: 05-Feb-2014 07:32) Posted:
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mind to share the announcement? i cant open it via sgx website
anyone else facing same problems with SGX announcements?
DBS increases stake in CRT:
http://infopub.sgx.com/FileOpen/FORM3_DBS_3Jan14.ashx?App=Announcement& FileID=269718
Japan?s Major Cities Post Land-Price Gains as Deals Rise
By Kathleen Chu - Sep 20, 2013 3:09 PM GMT+0800
Land prices in Japan?s three largest cities rose for the first time in five years, signaling a property-market recovery in the world?s third-largest economy.
The average price of land in Tokyo, Osaka and Nagoya gained 0.1 percent as of July 1, compared with a 1 percent drop a year earlier, the Ministry of Land, Infrastructure, Transport and Tourism said in a report released yesterday. The gain was the first since 2008 when it climbed 1.7 percent. The decline in land prices, which have been falling for 22 years, narrowed to 1.9 percent, the slowest pace in five years.
http://www.bloomberg.com/news/2013-09-19/japan-s-major-cities-post-land-price-gains-as-transactions-rise.html
Japan land prices fall at slowest pace in 5 years
[TOKYO] Japan's land prices fell the least since the global financial crisis in the year to July 1, while commercial land in the three biggest cities rose in value for the first time in the same period, the latest signs that deflation is easing its stubborn grip on the country.
Land prices nationwide fell 1.9 per cent, narrowing from the previous year's 2.7 per cent decline and the smallest drop since 2008, a government survey showed on Thursday.
This brings Japan closer to ending 22 years of falling land prices - a legacy of the country's massive 1980s asset bubble.
The gradual narrowing of land-price declines is good news for Prime Minister Shinzo Abe, whose top priority is ending Japan's long battle with deflation and spurring sustained growth.
Yup, could be knee-jerk reaction to Japan's GDP missing forecast...