Stocks to watch: MIT, Keppel Reit, FCT, Starhill Global Reit, ALog Trust, Suntec Reit, UOB

THE following companies saw new developments that may affect trading of their securities on Wednesday (Jan 26):

Mapletree Industrial Trust (MIT): ME8U The mainboard-listed real estate investment trust (Reit) reported on Tuesday that its Q3 distribution per unit (DPU) rose to 3.49 Singapore cents from 3.28 cents a year ago. Distributable income to unitholders grew 10.4 per cent to S$89.5 for the 3 months to Dec 31. Units of MIT closed at S$2.59 on Tuesday, down S$0.03 or 1.2 per cent, before the results were released.

Keppel Reit: K71U The Reit posted a DPU of S$0.0288 for H2 FY2021, down by 1.7 per cent from S$0.0293 in H2 2020. The income distributable to unitholders for H2 was at S$106.4 million, up from S$99.8 million in the year-age period, it announced on Tuesday. Units of Keppel Reit last traded flat at S$1.16 on Tuesday, prior to the announcement of the results.

Frasers Centrepoint Trust (FCT): J69U The developer-sponsored retail Reit reported on Tuesday that committed occupancy for its retail portfolio was stable at 97.2 per cent in Q1 FY2022 ended December. Units of FCT closed on Tuesday at S$2.28, down 0.4 per cent or S$0.01, before the announcement.

Starhill Global Reit: P40U The Reit posted on Tuesday its DPU of S$0.0178 for the first half ended Dec 31, 2021, up 2.3 per cent from S$0.0174 in H1 the year before. Units of Starhill Global Reit ended Tuesday flat at S$0.635 prior to the results announcement.

Ara Logos Logistics Trust (ALog Trust): K2LU The Reit posted a DPU of S$0.02464 for the second half ended Dec 31, 2021, compared with S$0.02927 in the year-ago period. Units of ALog Trust ended 1.7 per cent or S$0.015 lower at S$0.875 on Tuesday, before the release of the Reit's financial results.

Suntec Reit: T82U The Reit's DPU rose by 9.8 per cent to S$0.04512 for the second half ended Dec 31, 2021, from S$0.04109 in the year-ago period. Units of Suntec Reit ended 0.7 per cent or S$0.01 higher at S$1.54 on Tuesday, before the results release.

UOB: U11 The bank has injected 2 billion yuan (S$424.8 million) in its subsidiary in China, which will be channelled into regional opportunities, sustainability and financial solutions such as hedging services. The counter closed S$29.73 on Tuesday, down S$0.28 or 0.9 per cent, before the announcement.