A sister company of Indian developer DLF Ltd has hired bankers to arrange a property trust IPO in Singapore in a deal worth as much as US$2bil.  Other details: This planned real estate investment trust (REIT) by DLF Assets would be the second such offering on the Singapore stock market from India, following the popular [...]

Source: Securities Commission’s Website On REITS) 1. Is an Islamic real estate investment trust (Islamic REIT) permitted to own (purchase) real estate in which the tenant(s) operates mixed activities that are permissible and non-permissible according to the Syariah? An Islamic REIT is permitted to own (purchase) real estate in which its tenant(s) operates mixed activities [...]

The REITs Guidelines supercedes the earlier Guidelines on Property Trust Funds which were issued on 13 November 2002. The purpose of this Revised REITS Guidelines is to accelerate the growth and establish a vibrant and competitive real estate investment trust industry in Malaysia. The following Guidelines are available at the SC website: Guidelines on Real [...]

  Extracted from its 2006 Annual Report :- Profit & Loss Actual (S$’000) Forecast (S$’000) Variance % Revenue 34,891 33,432 4.4 Net Property Income 28,757 28,749 – Net Income Before Tax 106,061 8,795 5.1 Income Available for distribution 22,687 21,585 5.3 DPU(Cent) 6.04 5.77 4.7 (A) Gross Revenue Segmentation China Square Central 38.0% Central Park [...]

Extracted from its 2006 Annual Report :- Profit & Loss Actual (S$’000) Forecast (S$’000) Variance % Revenue 171,356 135,682 26.3 Net Property Income 125,839 100,096 25.7 Net Income Before Tax 79,164 68,573 15.4 Income Available for distribution 94,935 79,682 19.1 DPU(Cent) 7.29 6.13 18.9 Balance Sheet Sept 2006 ( S$’000) Sept 2005 (S$’000) Investment Properties [...]

Recently Boustead Bhd had announced its Rm500million Islamic Al-Hadharah plantation Reit. From the perspective of the plantation owners, unit holders of such Reits and other parties, what then are the advantages, disadvantages or risk features of such a plantation reit compared to other types of reit like hotel, real estate, resort and hospital type? The [...]

In order for a company in U.S. to qualify as a REIT, it must comply with certain provisions within the Internal Revenue Code. As required by the Tax Code, a REIT must: Be an entity that is taxable as a corporation Be managed by a board of directors or trustees Have shares that are fully [...]