Stocks to watch: Suntec Reit, FCT, CapitaLand Ascott Trust, ESR-Logos Reit, iFast, IReit Global

THE following companies saw new developments that may affect trading of their securities on Wednesday (Apr 26):

Suntec Real Estate Investment Trust (Suntec Reit): The Reit on Wednesday posted a distribution per unit (DPU) of S$0.01737 for the first quarter of 2023, a 27.4 per cent decline from the same period a year ago. This was mainly due to higher financing costs. The DPU will form part of the Reit’s distribution for the first half of this year, said its manager. Units of Suntec Reit closed 0.7 per cent or S$0.01 lower at S$1.43 on Tuesday.

Frasers Centrepoint Trust (FCT): The trust on Wednesday posted a DPU of S$0.0613 for the first half ended Mar 31, down 0.1 per cent from S$0.06136 the year before. The Reit’s gross revenue and net property income improved although property expenses rose year on year. FCT units closed 0.4 per cent or S$0.01 higher at S$2.32 on Tuesday.