Stocks to watch: Mapletree Logistics Trust, Keppel Reit, Clas, ESR-Reit, Wee Hur, First Reit, LHN
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Oct 29):
Mapletree Logistics Trust (MLT) : The manager of the trust announced a distribution per unit (DPU) of S$0.01815 for the second quarter ended Sep 30. This was lower than the DPU of S$0.02027 the trust posted for the same quarter a year earlier. On Tuesday, the manager reported a 3.2 per cent fall in revenue to S$177.5 million for Q2 FY2026, from S$183.3 million a year earlier. Units of MLT gained 2.3 per cent or S$0.03 to close at S$1.33 on Tuesday before its results were released.
Keppel Reit : The manager of Keppel Real Estate Investment Trust (Reit) on Wednesday posted a 0.6 per cent lower distributable income of S$159.6 million for the first nine months of its financial year. This is compared with S$160.6 million in the previous corresponding period. This includes an anniversary distribution of S$15 million, which remained unchanged from the same period in the year before. Net property income (NPI) for the first nine months grew 8.6 per cent year on year to S$161.3 million, from S$148.5 million. Units of Keppel Reit closed Tuesday S$0.04 or 3.9 per cent up at S$1.07.
CapitaLand Ascott Trust (Clas) : The lodging trust’s managers on Wednesday reported a gross profit increase of 1 per cent year on year for the third fiscal quarter ended September. This was attributed to stronger operating performance, portfolio reconstitution and asset enhancement initiatives. However, gross profit was 2 per cent lower on a same-store basis after excluding acquisitions and divestments. Stapled securities of Clas ended Tuesday flat at S$0.955.
ESR-Reit : The manager of the Reit posted a 28.6 per cent rise in NPI to S$247.8 million for the trust’s nine months ended Sep 30, up from S$192.7 million in the year-ago period. This increase was mainly due to contributions from acquisitions, higher NPI from existing properties and the completion of asset enhancements. For the nine months, distributable income was up 6.8 per cent year on year at S$134.6 million, from S$126 million previously. Units of ESR Reit closed on Tuesday 0.7 per cent or S$0.02 higher at S$2.89, before the news.
Wee Hur : The group on Tuesday launched and priced its inaugural offering of S$175 million worth of fixed rate notes due in 2030. The notes will be issued pursuant to its S$500 million multicurrency medium-term note programme established on May 29, 2025, and bear interest at a fixed rate of 4.8 per cent per annum, payable semi-annually in arrears on May 4 and Nov 4 each year, starting from 2026. The counter closed Tuesday 2 per cent or S$0.015 lower at S$0.745, before the news.
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First Reit : The manager of the Reit on Tuesday reported a 6.1 per cent fall in the trust’s distributable income for the nine-month period ended Sep 30 to S$34.8 million, from S$37 million in the corresponding period in the previous year. It also reported a DPU of S$0.0165 for 9M 2025, a decline of 7.3 per cent from S$0.0178 in the same period in the prior year. Units of First Reit closed down 1.8 per cent or S$0.005 at S$0.28 on Tuesday.
LHN : The property management services group’s co-living business Coliwoo on Tuesday launched its initial public offering of 80.3 million shares at S$0.60 each, in conjunction with its listing on the mainboard of the Singapore Exchange. The company registered its prospectus on Tuesday, and its shares are expected to start trading on Nov 6. Shares of LHN declined 2.3 per cent or S$0.02 at S$0.845 on Tuesday.
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