Stocks to watch: FLCT, KIT, GuocoLand, AA Reit, Sabana Reit, Keppel Pacific Oak US Reit

THE following companies saw new developments that may affect trading of their securities on Wednesday (Jan 31):

Frasers Logistics and Commercial Trust (FLCT): The trust leased 128,000 sq m of space across its portfolio in the first quarter ended Dec 31, with a portfolio occupancy rate of 95.8 per cent. For Q1, FLCT recorded positive rental reversions of 11.6 per cent on an incoming versus outgoing basis, and 18.2 per cent on an average versus average basis. Shares of FLCT closed at S$1.08, up by S$0.01 or 0.9 per cent, before the announcement. Keppel Infrastructure Trust (KIT): The trust posted a record high distribution per unit (DPU) for FY2023 at S$0.0619, including special distribution of S$0.0233. This is 62 per cent higher than the S$0.0382 in FY2022. It came on the back of a 42.4 per cent rise in distributable income at S$316.8 million. The trust manager attributed the growth to strong performance by its portfolio and the crystallisation of S$131.2 million in capital optimisation at Ixom. DPU for H2 stood at S$0.0426. The balance of S$0.0096 will be paid on Feb 15 after the record date on Feb 7. The counter closed flat at S$0.505 on Tuesday.

GuocoLand : The real estate group reported net profit of S$66.2 million for the first half ended Dec 31, 2023, up 12 per cent year on year from S$59 million. This came on the back of a 61 per cent increase in revenue as contributions from both the property development and property investment segments jumped by double digits, said the group on Wednesday. Shares of GuocoLand ended Tuesday flat at S$1.47.