6 Reits in my Portfolio reported results today and I will receive $1.5k of dividends

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By Live Rich Life Free • July 23, 2020

It is time for the exciting financial reporting season of the year for many Reits. By coincidence, these six Reits in my portfolio reported their quarterly financial results today.

Capitaland Commercial Trust
Aims Apac Reit
Suntec Reit
Ascendas Reit
Mapletree Commercial Trust
Frasers Centrepoint Trust
Capitaland Commercial Trust

CCT announces a 4.5% year-on-year decline in net property income to $151.1m for 1H 2020 due to rental waivers to tenants in Raffles City, upgrading works and lower occupancies. Portfolio occupancy stands at 95.2% and positive rental reversions are achieved for 479,000 sqm of leases renewed in 1H 2020. DPU drops 24.1% year-on-year for 1H 2020 to 3.34 cents. Dividend I will receive = 10,000 x 3.34 cents = $334

Aims Apac Reit

AA Reit announces an 18.6% year-on-year decrease in net property income to $18.8m for 1Q FY2021 due to waiver of rental for tenants and lower contributions from properties converted from master leases...