Stocks to watch: Parkway Life Reit, LMIR Trust, PropNex, Frasers Property, Apac Realty
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Michelle Zhu
THE following companies saw new developments that may affect trading of their securities on Wednesday (Aug 10):
Parkway Life Reit : Its distribution per unit (DPU) rose by 1.5 per cent to 7.06 Singapore cents for the first half of FY2022 ended Jun 30, mainly due to bolt-on contribution from the 3 nursing homes it acquired in July and December 2021 and higher rent from the group’s Singapore properties. Units of Parkway Life Reit closed S$0.02 or 0.4 per cent higher at S$4.80 on Monday, before the results were released.
Lippo Malls Indonesia Retail Trust (LMIR Trust): The manager on Monday reported a DPU of S$0.0009 for the second quarter ended June 2022. This brings DPU for the first half to S$0.0018, up 5.9 per cent from S$0.0017 in the year-ago period. Units of LMIR Trust closed flat at S$0.049 on Monday, before the results announcement.
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