Stocks to watch: Aims Apac Reit, Sabana Reit

THE following companies saw new developments that may affect trading of their securities on Wednesday (Jan 25):

Aims Apac Real Estate Investment Trust (Reit): The Reit’s distribution per unit rose 10.2 per cent to S$0.0259 for the third quarter of FY2023 from S$0.0235 from a year ago, its manager announced on Wednesday. The strong performance was attributed to higher gross revenue and net property income, which rose 14.1 per cent and 14 per cent respectively. Units of Aims Apac Reit rose 1.6 per cent or S$0.02 to close at S$1.31 on Jan 20.

Sabana Industrial Reit : Its substantial shareholder on Friday launched a voluntary conditional offer to acquire an additional 10 per cent of the Reit’s units at S$0.465 apiece, representing a premium of 9.4 per cent over the volume-weighted average price on Jan 20. Trading in Sabana’s units ended at S$0.425, up S$0.005 or 1.19 per cent, before the news.