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Yahoo
a day ago
- Business
- Yahoo
Looking for More Dividends? These 4 Singapore REITs Could Be Perfect for You
With high interest rates and inflation posing a threat to your savings, dividend-paying REITs have become a go-to choice for investors seeking passive income. REIT managers have been restructuring their portfolios in both the retail and industrial space. However, only a handful check all the crucial boxes of reliable distributions and a resilient portfolio. Here are four Singapore REITs for investors seeking to enhance their income stream. Keppel DC REIT or KDCR, is a sector-specific REIT in data centre infrastructure across the Asia-Pacific and Europe. As of the end of 2024, KDCR's assets under management (AUM) has seen substantial growth to about S$5 billion which is about five times its AUM when it had its initial public offering in 2014. For the first quarter of 2025 (1Q 2025), KDCR's distributable income increased by 59.4% year-on-year (YoY) and its distribution per unit (DPU) increased by 14.2% YoY. In 1Q 2025, KDCR also has a high portfolio occupancy of 96.5%. In March 2025, KDCR realised a profit from the divestment of Kelsterbach Data Centre, giving it more financial flexibility. Moving forward, KDCR acknowledges the high opportunity for growth from strong demand for data centres as the Artificial Intelligence (AI) industry scales. KDCR has a healthy debt profile with only 2.2% of its debt maturing in 2025. KDCR's DPU is also less sensitive to a change in interest rates with a 0.5 percentage point increase in interest rates resulting in a low 1.1% decline for its 1Q 2025 DPU. Capitaland Ascott Trust or CLAS, is the largest lodging trust in the Asia-Pacific with S$8.9 billion in total assets. CLAS has a geographically diverse portfolio with properties spanning across 46 cities in 16 countries. For 1Q 2025, the trust enjoyed a strong performance from its stable income sources such as master leases which make up 70% of its gross profit. CLAS also experienced a 4% YoY growth of its gross profit. In 1Q 2025, CLAS made two strategic acquisitions of Japanese hotels. This acquisition not only increased CLAS' market exposure in Japan but also increased its distribution per stapled security by 1.6% on a 2024 pro forma acquisition also improved the trust's portfolio as the blended net operating income (NOI) of the acquired hotels was over two times that of the NOI of divested properties in 2024. Macroeconomic challenges such as Trump's tariffs are also mitigated by CLAS due to a highly diversified portfolio in terms of properties and countries, thus reducing concentration mitigation strategies hedge against foreign currency and interest rate risk as well as a reduction in lodging demand due to rising costs. AIMS APAC REIT or AAREIT, is an industrial REIT with a portfolio consisting of properties in Australia and Singapore. For fiscal year 2025 (FY2025) ending 31 March 2025, AAREIT demonstrated a promising net property income growth of 2.1% YoY and a DPU growth of 2.6% YoY to S$0.096. AAREIT also has a high occupancy rate of 93.6%. AAREIT has several Asset Enhancement Initiatives (AEIs) such as the revitalisation of Optus Centre Campus in Macquarie Park,Australia, which will increase the functionality of the event space. By doing so, the Campus will appeal to a wider range of tenants and improve long term tenant retention. AAREIT also has a healthy portfolio weighted average lease expiry (WALE) value of 4.4 years which makes for a smoother and more predictable rental income stream. As of FY2025, AAREIT has total gross debt of S$582 million with no refinancing required for FY2026. Frasers Centrepoint Trust, or FCT, is a retail REIT which owns primarily suburban retail malls in Singapore. For the first half of fiscal 2025 (1H FY2025), FCT reported a YoY increase of 7.3% in net property income and a 0.5% YoY increase in DPU to S$0.0605. Its retail malls showed an increase in shopper traffic and tenants' sales by 1% YoY and 3.3% YoY, respectively. For 1H FY2025, FCT's debt profile is healthy with an aggregate leverage of 38.6% and a cost of debt decreasing by 0.1% quarter-on-quarter to 3.9%. The retail REIT also has a well-spread debt maturity profile and a stable credit rating. FCT has active AEIs with the recent completion of the AEI for Tampines 1 and the commencement of the AEI of Hougang had 41 new-to-portfolio tenants in 1H FY2025 such as Munchi Pancakes at NEX and Honor at Causeway Point. The trust also has several new-to-market tenants upcoming such as OH!SOME at Suntec City and KKV at Tiong Bahru Plaza. These efforts to revamp the malls and introduce new tenants allow FCT's malls to stay relevant, increasing foot traffic and improving tenant retention. With the increasing number of new homes around its malls as well as increasing household income, FCT sees an increase in future consumer spending resulting in long-term growth for retail spaces. In an environment where economic uncertainty is a primary concern, dividend reliability matters more than ever. These four REITs exhibit not only dependable dividend payments but also sound capital management and growth potential. Whether you are a seasoned income investor or just starting out, these REITs deserve to be in your dividend portfolio. When the market is unpredictable, where can you park your money with confidence? Our latest FREE report reveals 5 Singapore dividend-payers built to withstand global storms. Get it now and see what's still worth holding. Follow us on Facebook, Instagram and Telegram for the latest investing news and analyses! Disclosure: Gabriel Lim does not own shares of any of the companies mentioned. The post Looking for More Dividends? These 4 Singapore REITs Could Be Perfect for You appeared first on The Smart Investor.
Malay Mail
01-05-2025
- Business
- Malay Mail
Don't make deadline delays a habit, Penang FC tells MFL over club licensing
GEORGE TOWN, May 1 — The Penang FC management team has voiced its concern over the decision by the Malaysian Football League (MFL) to extend the club licensing documentation submissions for the 2024-2025 Club Licensing Cycle for the National Licence under the AFC CLAS system to May 10. It said in a statement that while it accepted the decision of the First Instance Body (FIB) Committee and appreciated the flexibility afforded to clubs facing challenges, it was, nonetheless, worried about the negative implications should this become the norm. It added that the flexibility afforded could lead to clubs facing financial constraints to shelve immediate measures aimed at overcoming issues related to restructuring or problem-solving. 'Without the pressures of a strict deadline, there is a risk of the financial constraint issue prolonging and becoming more acute, thus affecting the continuity of the club's operations. 'This can also negatively impact the players, officials and stakeholders, such as sponsors and supporters, who expect stability and accountability from club management,' it said in a statement today. It added that frequent extensions could create a culture where compliance with regulations will be considered unimportant or can be compromised. 'This not only lowers the domestic football industry standards but can also affect Malaysia's reputation at the regional and international levels, particularly in terms of club licensing under the auspices of the Asian Football Confederation (AFC),' it added. Yesterday, FIB chairman Sheikh Mohd Nasir Sheikh Mohd Sharif announced that a decision to extend the deadline was made following requests from several clubs seeking more time to complete their licensing documentation. — Bernama
Barnama
30-04-2025
- Sport
- Barnama
Club Licensing Document Deadline Extended To May 10
KUALA LUMPUR, April 30 (Bernama) -- The deadline for Super League clubs to upload their Club Licensing documents has been extended to May 10, according to First Instance Body (FIB). FIB chairman Sheikh Mohd Nasir Sheikh Mohd Sharif, in a statement today, said that the decision was made after the FIB received several requests from clubs seeking more time to complete their licensing documentation. 'The FIB Committee has agreed to grant an extension to all clubs to complete the necessary documents for the 2024–2025 Club Licensing Cycle for the National Licence under the AFC CLAS licensing system.
Independent Singapore
28-04-2025
- Business
- Independent Singapore
CLAS reports 4% YoY gross profit increase for Q1 FY2025
Photo: Agoda SINGAPORE: CapitaLand Ascott Trust (CLAS) reported a 4% year-on-year (YoY) gross profit increase for the first quarter of fiscal year 2025 (Q1 FY2025), ended March 31. This growth in profit comes as the trust successfully replaced the income lost from divestments in 2024 with new properties, The Edge Singapore reported. Excluding acquisitions and divestments between Q1 FY2024 and Q1 FY2025, gross profit increased by 1% YoY on a same-store basis. Gross profit refers to net property income. The trust's performance was helped by its acquisitions, which included Teriha Ocean Stage in January 2024, lyf Funan Singapore in December 2024, and ibis Styles Tokyo Ginza along with Chisun Budget Kanazawa Ekimae in January 2025. On the other hand, the trust sold several properties last year, including Courtyard by Marriott Sydney-North Ryde in January 2024, Citadines Mount Sophia Singapore, Hotel WBF Kitasemba East, Hotel WBF Kitasemba West, and Hotel WBF Honmachi in March 2024, Novotel Sydney Parramatta in September 2024, and Citadines Karasuma-Gojo Kyoto and Infini Garden in October 2024. Of the gross profit, 70% came from stable sources, which include master leases and management contracts. Of this, 51% came from minimum guaranteed income, and 19% was from management contracts related to student accommodation and rental housing. The rest (30%) was driven by growth income from management contracts for hospitality properties. As of March 31, CLAS' aggregate leverage increased to 39.9%, from 38.3% at the end of December last year, excluding the trust's perpetual securities, which are classified as equity. At the same time, the interest coverage ratio (ICR), which measures a company's ability to manage its outstanding debt and includes distributions to perpetual securityholders, increased 3.2 times in Q1 FY2025, up from just 3.1 times for FY2024. The ICR is based on a trailing 12-month period. /TISG Read also: CapitaLand Investment to launch first retail REIT in China's SSE with RMB2.8B of assets
