Stocks to watch: FLCT, Paragon Reit, AA Reit, Lendlease Global Reit, Far East Orchard, SIA

THE following companies saw new developments that may affect trading of their securities on Tuesday (May 7):

Frasers Logistics & Commercial Trust (FLCT): Its distribution per unit (DPU) for the first half of the fiscal year declined 1.1 per cent to S$0.0348, reported its manager on Tuesday. Though the Reit’s topline grew year on year, this was offset in part by higher vacancies, property operating expenses and finance costs. FLCT units ended Monday S$0.01 or 1 per cent up at S$1.01.

Paragon Real Estate Investment Trust (Reit): Its gross revenue for the first quarter ended March increased 3 per cent year on year to S$73.8 million. The growth was mainly driven by contributions from Paragon and The Clementi Mall, announced its manager on Monday. Units of Paragon Reit ended down S$0.005 or 0.6 per cent at S$0.84, before the announcement.