Posts Tagged ‘Income’
Jeff Bezos Warns of a Market Crash in the Coming Months, Advises People Against Big-Ticket Purchases
Amazon founder Jeff Bezos has issued a stark warning about the fragile state of the global economy. In an interview with CNN, Bezos advised consumers and small businesses to hold off on significant purchases and capital expenditures as fears of a recession intensify. He also emphasized the importance of cautious financial planning during these uncertain…
Read MoreUnited Hampshire US Reit Q3 distributable income up 15.5% at US$7 million
This is due to commencement of new leases, rental escalations from existing leases and lower interest costs [SINGAPORE] The manager of United Hampshire US Reit posted a distributable income of US$7 million in the third quarter ended Sep 30, up 15.5 per cent from US$6 million in the year-ago period. Its net property income (NPI)…
Read MoreEC World Reit Q3 net property income down 60.5%; illegally mortgaged units face 2 lawsuits
The Reit is suspended from trading, and it is unlikely to declare any distribution for FY2025 [SINGAPORE] The manager of EC World Reit posted a net property income of S$9 million for its third quarter ended Sep 30, a 60.5 per cent decrease from S$22.8 million in the corresponding year-ago period. The real estate investment…
Read MoreSasseur Reit Q3 rental income up 4.9% at 166.3 million yuan
[SINGAPORE] The manager of Sasseur Real Estate Investment Trust (Sasseur Reit) on Thursday (Nov 13) posted rental income of 166.3 million yuan (S$30.4 million) for its third quarter ended September, an increase of 4.9 per cent from 158.6 million yuan in the same period the year before. This was underpinned by strong outlet sales performance…
Read MoreAcrophyte Hospitality Trust 9-month net property income falls 13.9% to US$29.1 million
The drop is largely due to hotel dispositions and renovations, as well as increases in operating expenses [SINGAPORE] Acrophyte Hospitality Trust’s net property income (NPI) for the first nine months of 2025 fell 13.9 per cent to US$29.1 million from US$33.8 million in same period last year. Revenue clocked in at US$121.2 million, down 6.3 per…
Read MoreDHLT posts 8.4% decline in distributable income of S$23.4 million for 9M FY2025
[SINGAPORE] The manager of Daiwa House Logistics Trust (DHLT) on Wednesday (Nov 12) posted a distributable income of S$23.4 million forthe nine months ended September, a 8.4 per cent drop from S$25.5 million a year prior. This was mainly on the back of greater interest expenses with higher interest rate from borrowings refinanced in November…
Read MoreDaiwa House Logistics Trust 9M distributable income drops 8.4% to S$23.4 million
[SINGAPORE] The manager of Daiwa House Logistics Trust (DHLT) on Wednesday (Nov 12) posted a distributable income of S$23.4 million forthe nine months ended September, a 8.4 per cent drop from S$25.5 million a year prior. This was mainly on the back of greater interest expenses with higher interest rate from borrowings refinanced in November…
Read MorePrime US Reit raises distributable income payout ratio to at least 50%; records lower Q3 income
A distribution of only 10% of the distributable income has been declared for the last two one-year periods since Jul 1, 2023, the manager notes [SINGAPORE] The manager of Prime US Reit on Tuesday (Nov 11) posted a distributable income of US$6.3 million in Q3, down 25.9 per cent from US$8.5 million in the previous…
Read MoreSBS Transit Q3 earnings fall 20.6% due to lower interest income
Revenue is also lower due to the loss of the Jurong West contract package to SMRT in September 2024 [SINGAPORE] Bus and train operator SBS Transit ’s Q3 net profit fell 20.6 per cent year on year to S$14.5 million from S$18.2 million, due to lower interest income. In its business update on Tuesday (Nov…
Read MoreTrump SNAP Reversal: USDA Orders States to ‘Undo’ November SNAP Benefits or Face Penalties
The Trump Administration has ordered US states that began issuing Supplemental Nutrition Assistance Program (SNAP) benefits for November to immediately ‘undo’ the steps taken to issue full payouts. The US Department of Agriculture (USDA) stated in a Saturday guidance that the November payments were unauthorised, and non-compliance could lead to financial penalties, including the cancellation…
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