Stocks to watch: Keppel DC Reit, Keppel Infrastructure Trust, Sabana Reit, Keppel Pacific Oak US Reit, Accrelist

THE following companies saw new developments that may affect trading of their securities on Wednesday (Apr 19):

Keppel DC Real Estate Investment Trust (Keppel DC Reit): Its manager posted a distribution per unit of 2.541 Singapore cents for the first quarter ended Mar 31, 2023, up 3 per cent from 2.466 cents the year before. The Reit’s gross revenue rose 6.5 per cent to S$70.4 million for the quarter, from S$66.1 million a year earlier. Units of Keppel DC Reit closed flat at S$2.08 on Tuesday, before the announcement.

Keppel Infrastructure Trust (KIT): Its placement of new units has closed at the issue price of S$0.477, while its preferential offering closed at the issue price of S$0.467. Both are at the highest end of the price ranges indicated when it proposed its equity fundraising exercise on Tuesday. Units of KIT closed Monday flat at S$0.515 before its manager called for a trading halt the following morning. KIT resumes trading on Wednesday.

Sabana Real Estate Investment Trust (Sabana Reit): The Reit on Wednesday morning announced a rise in aggregate leverage ratio to 33.1 per cent as at Mar 31, 2023, up from 32.4 per cent in the previous quarter. Units of Sabana Reit closed 5.3 per cent or S$0.025 lower at S$0.445 on Tuesday.

Keppel Pacific Oak US Reit (Kore): It posted an adjusted distributable income of US$13.1 million for its quarter ended Mar 31, 2023, down 12.5 per cent from US$14.9 million a year earlier. The decline was mainly due to the divestment of properties. Units of Kore closed 1.4 per cent lower at US$0.365 on Tuesday, before the announcement.

Accrelist : The Catalist-listed group said it will spend S$550,000 to acquire a 51 per cent interest in four medical aesthetics clinics located at Novena Medical Centre, NEX Serangoon, Jurong Point, and SingPost Centre. Accrelist shares closed S$0.001 or 1.8 per cent higher at S$0.058 on Tuesday, before the announcement.