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Timely for SingLand to unlock value with a Singapore commercial Reit

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Leslie Yee

Leslie Yee

Published Thu, Aug 18, 2022 · 05:50 AM
    • An investor buying SingLand’s shares today is implicitly getting a share of prime office-centric buildings such as Singapore Land Tower (pictured), The Gateway, UIC Building and Clifford Centre at less than half-price.
    • An investor buying SingLand’s shares today is implicitly getting a share of prime office-centric buildings such as Singapore Land Tower (pictured), The Gateway, UIC Building and Clifford Centre at less than half-price. PHOTO: BT FILE

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    SEVERAL property-related groups posted strong results for the half year ended June. City Developments Limited (CDL) achieved a record net profit of S$1.1 billion for H1 2022, reversing a net loss for H1 2021. CDL is paying a special interim dividend of S$0.12 per ordinary share.

    The Straits Trading Company posted a 449 per cent year-on-year rise in H1 net profit to S$673 million. In the wake of its strong H1 results, the group declared a special dividend, distributing either ESR shares or Straits Trading shares to entitled shareholders.

    UOL Group and its subsidiary Singapore Land Group (SingLand) saw year-on-year net profit rise 306 per cent to S$371 million and 290 per cent to S$360 million respectively. But both groups did not declare an interim dividend, which is in line with their practice of not declaring interim dividends.

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    Hock Lock SiewSingapore Land GroupUOL

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