Company Briefs: Starhill Global Reit

Starhill Global Reit

Starhill Global Reit reported a 3.1 per cent increase in distribution per unit (DPU) to 1.31 cents for the first quarter.

Group revenue grew 16.8 per cent to $56.8 million for the three months to Sept 30. Net property income rose 10.2 per cent to $43.6 million.

The growth in revenue and net property income was mainly driven by the contribution from a recently acquired mall in Adelaide and its Singapore portfolio, partially offset by lower contributions from China and net foreign currency movements.

Unit holders can expect to receive their first-quarter DPU on Nov 27. The book closure date is 5pm on Nov 4. The units closed 1.5 cents or 1.8 per cent lower at 80 cents yesterday.


Mapletree Greater China Commercial Trust

Healthy rental reversions and contributions from its newly acquired business park property boosted earnings at Mapletree Greater China Commercial Trust (MGCCT).

The Reit posted a 12.6 per cent increase in distribution per unit (DPU) to 1.808 cents for the second quarter.

Gross revenue rose 25.4 per cent to $84.6 million for the three months to Sept 30, compared with a year earlier. Net property income jumped 26 per cent to $69.5 million.

Unit holders can expect the distribution of 3.499 cents for the period from April 1 to Sept 30 on Nov 26. The book closure date is at 5pm on Nov 4.

The units closed flat at 99 cents yesterday.


Osim International

Lifestyle products group Osim International posted a 62 per cent drop in net profit in the third quarter due to soft retail sales, market volatility and currency turmoil.

Earnings for the three months to Sept 30 came in at $6 million, down from $16 million a year earlier. Revenue dropped 11 per cent to $142 million.

Earnings per share for the quarter was 0.82 cent, down from 2.1 cents last year. Net asset value was 53 cents as at Sept 30, down from 56 cents as at Dec 31 last year.

Osim declared an interim dividend of one cent a share, unchanged from the same period last year. It will be paid on Jan 6 next year. The book closure date is on Dec 31 at 5pm.

Osim shares closed 1.5 cents, or 0.9 per cent, down at $1.615 yesterday.

A version of this article appeared in the print edition of The Straits Times on October 28, 2015, with the headline 'Company Briefs: Starhill Global Reit'. Print Edition | Subscribe