Stocks to watch: Ascendas Reit, Parkway Life Reit, Keppel, GYP, Centurion, Moya
Add BT as a preferred source
Michelle Zhu
DeeperDive is a beta AI feature. Refer to full articles for the facts.
THE following companies saw new developments that may affect trading of their securities on Wednesday (Sep 14):
Ascendas Real Estate Investment Trust (Ascendas Reit): Its manager on Wednesday proposed to acquire a cold storage logistics facility for S$191.9 million. The property, which is located at 1 Buroh Lane, is the Reit’s first cold storage facility investment in Singapore. The counter closed flat at S$2.90 on Tuesday.
Parkway Life Real Estate Investment Trust (Parkway Life Reit): The healthcare Reit is acquiring 3 nursing homes in Hokkaido for a sum of 2.56 billion yen (S$26.1 million), in a move to further expand its Japan portfolio. This will bring the Reit’s leverage ratio to 33.4 per cent, from 32.5 per cent as at end-June. Prior to the news units of Parkway Life Reit ended Tuesday at S$4.75, down 0.2 per cent or S$0.01.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
