CIT : Q1 Results
CIT maintains stable performance in 1Q2015
- Net property income up 11.9% year on year (“y-o-y”)
- Improved Weighted Average Lease Expiry (“WALE”) of 4.2 years provides additional income stability
- Proceeds from secondary offer of S$55 million 4-year fixed rate MTN1 used to retire S$50 million MTN due in March 2015
- No major refinancing due till June 2016 with approximately 85% of debt cost fixed for an average of 2.3 years
- Distribution of 1.225 cents per unit for 1Q2015
MIT : Q4 Results
Mapletree Industrial Trust Achieves 8.9% Year-on-Year Growth for FY14/15 Distributable Income
- Distributable income for FY14/15 increased 8.9% to S$180.8 million
- Distribution per Unit (“DPU”) for FY14/15 was 10.43 cents, 5.1% higher than last year
- Net Asset Value (“NAV”) per Unit increased 10% to S$1.32 from S$1.20, due primarily to portfolio revaluation gain of S$197.4 million
- Building momentum in the growth of the Hi-Tech Buildings segment with the completion of the build-to-suit (“BTS”) data centre for Equinix Singapore (“Equinix”) and commencement of redevelopment of Telok Blangah Cluster in FY14/15
