SPH REIT 3Q DPU up 0.7% to 1.36 cents

SPH REIT reports DPU in 3Q16 increased 0.7% to 1.36 cents on the back of higher rental income achieved from Paragon.

One of thing I like about SPH REIT is its Good management. Although SPH REIT has only 2 properties under its portfolio, the management has since been trying hard on AEI to free up space to build more shops for rental. Below are examples.

“The Asset Enhancement Initiative involving the decanting of Air Handling Units at Paragon are progressing well and we have secured tenancies for all the newly created units ahead of its opening end of this year,” says Susan Leng, CEO of SPH REIT Management.

“We have received strong demand from retailers for the reconfiguration of Basement 1 at The Clementi Mall,” she adds. “The revamped food cluster will be a refreshing destination for our shoppers.”

really hope SPH REIT will acquire Seletar Mall from its sponsor this year. had been saying this in their outlook presentation for many quarters. *disappointed

DBS Group Research has started coverage of Manulife US real estate investment trust (REIT) with a buy recommendation and a target price of 91 cents.

Source from DBS Group Research 

DBS Group Research has started coverage of Manulife US real estate investment trust (REIT) with a buy recommendation and a target price of 91 cents.

According to lead analyst Mervin Song, the REIT provides investors with the opportunity to invest freehold properties in US. Manulife’s initial portfolio includes three Class A or Trophy buildings, namely Figueroa in Los Angeles, Michelson in Orange County, and Peachtree in Atlanta.

DBS initiates coverage on Jumbo at 'buy' rating with 68 cents price target

reference text from DBS

http://smr.theedgemarkets.com/article/dbs-initiates-coverage-jumbo-buy-rating-68-cents-price-target

Jumbo Group (Buy, target price at 68 cents)

Following the group’s 1H16 performance that saw a 14% y-o-y revenue increase and 42% earnings growth, he says Jumbo is on track to record even higher core earnings growth for FY16F. “Jumbo’s business fundamental is strong and cash generative. Its margin has been higher than its regional peers, with strong net cash balance and close to 30% ROE,” reflects Yong. DBS projects an earnings growth of 27% for FY15-18F through the seafood restaurant chain’s rapid outlet growth and better profitability.