Both Keppel Green and Ascendas REIT announced results today, with Keppel Green being FY2011 results while it is Q3 FY11/12 for Ascendas REIT. Both stock counters performed very well, with increased turnover, profits and dividend increases. I love dividend growers as it is way to grow my Passive Income without requiring additional capital.
Ascendas REIT – Blue chip industrial REIT, for further understanding of REITs, refer to
Understanding Singapore REITs Part One – REIT Categories
Key Results:
Q3 FY11/12 Turnover Increased 15.7% Yoy to $127.3 mil
Net Property Income (NPI) Increased 11.6% Yoy to $93.9 mil
Distribution per unit (DPU) grew 5.8% y-o-y to 3.48 cents despite a 11.2% increase in unit base
DPU grew 3% at 3.48 cents as compared to Q2 FY 11/12 3.38 cents
Positive rental reversion of between 5.7% and 28.4% achieved across all segments ...
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