Prime Reit beats income forecast by 12%
February 1, 2006, 6.07 pm (Singapore time)
Business Times
Prime Reit beats income forecast by 12%
SINGAPORE - Macquarie Meag Prime Reit said on Wednesday that its distributable income for the period Aug 8, 2005 to Dec 31, 2005 beat its own forecast by 12 per cent.
The mall-based property trust said in a statement it would pay unit holders S$14.9 million (US$9.2 million), or 1.58 Singapore cents per unit, for the period.
Listed in September, Macquarie Meag is one of Singapore's seven property trusts and competes against mall-based Suntec Reit and CapitaMall Trust . -- REUTERS
Business Times
Prime Reit beats income forecast by 12%
SINGAPORE - Macquarie Meag Prime Reit said on Wednesday that its distributable income for the period Aug 8, 2005 to Dec 31, 2005 beat its own forecast by 12 per cent.
The mall-based property trust said in a statement it would pay unit holders S$14.9 million (US$9.2 million), or 1.58 Singapore cents per unit, for the period.
Listed in September, Macquarie Meag is one of Singapore's seven property trusts and competes against mall-based Suntec Reit and CapitaMall Trust . -- REUTERS
posted by SmartYInvestor at 5:47 AM
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