Stocks to watch: CLCT, Parkway Life Reit, First Reit, Dasin Retail Trust, Aims Apac Reit

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

CapitaLand China Trust (CLCT): The trust on Tuesday posted a 1.6 per cent dip in net property income to 339.1 million yuan (S$65.5 million) for the first quarter of FY2023, from 344.5 million yuan for the previous corresponding period. The fall was mainly due to the winding down of a retail mall in Shanghai, downtime from asset enhancement initiatives and lag time from committed occupancy handovers. Units of CLCT closed 0.9 per cent or S$0.01 higher at S$1.14 on Monday.

Parkway Life Real Estate Investment Trust (Parkway Life Reit): The healthcare Reit posted a distribution per unit (DPU) of S$0.0365 for the first quarter of FY2023, up 2.5 per cent from S$0.0356 the previous year. The DPU will form part of the Reit’s distribution for the first half of this year, said its manager on Tuesday. Units of Parkway Life Reit ended up 0.8 per cent or S$0.03 at S$3.96 on Monday.