Stocks to watch: Mapletree Logistics Trust, Suntec Reit, ESR-Logos Reit, CapitaLand India Trust
Add BT as a preferred sourceSrinidhi Ragavendran
THE following companies saw new developments that may affect trading of their securities on Thursday (Jan 25):
Mapletree Logistics Trust (MLT): The trust manager on Wednesday announced a 1.2 per cent rise in distribution per unit to S$0.02253 from S$0.02227 a year earlier, for its third quarter ended Dec 31, 2023. The increase was attributed to a resilient portfolio, contributions from acquisitions, and divestment gains. Units of MLT closed on Wednesday at S$1.63 ahead of the announcement of its results, up 1.2 per cent or S$0.02.
Suntec Real Estate Investment Trust (Suntec Reit): The Reit’s manager is eyeing further divestments of Suntec strata office units this year, building on divestments in 2023, to reduce gearing. On Wednesday, the manager guided for around S$100 million in Suntec strata sales in the current financial year. Units of Suntec Reit closed at S$1.23, up 2.5 per cent or S$0.03, after the announcement.
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