Saizen – BT

Saizen Real Estate Q3 net property income slips 10.5%

Saizen Real Estate Investment Trust (Saizen) reported a 10.5 per cent loss for Q3 2012 in its net property income to S$9.14 million (573.25 million yen), from S$9.94 million a year ago, in a press release on Thursday.

Its net income from operations for Q3 showed a bigger loss as it fell by 21.4 per cent to S$4.16 million, from S$5.15 million a year ago.

Earnings per unit were at 0.13 Singapore cents (0.08 Japanese yen), a decrease from 0.65 Singapore cents (0.42 Japanese yen) a year ago.

Net asset value as at March 31 2012 was tagged at 0.31 Singapore cents (20.01 Japanese yen).