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Stocks to watch: Ascott Reit, Frasers Centrepoint Trust, Ascendas Reit


THE following companies had announcements that could lead to some trading activity on Thursday.

Ascott Residence Trust (Ascott Reit): The trust posted a 5 per cent dip in distribution per unit (DPU) to 2.09 Singapore cents for the second quarter ended June 30, 2015, from 2.19 Singapore cents a year ago.

Frasers Centrepoint Trust: The trust on Wednesday posted a 0.5 per cent increase in distribution per unit (DPU) to 3.036 Singapore cents for its third quarter ended June 30, 2015. Distributable income for the quarter was S$26.9 million, 15 per cent higher than for the same period last year.

Ascendas Reit: The Reit posted a 5.5 per cent rise in distribution per unit (DPU) for the fiscal first quarter ended June 30 to 3.841 Singapore cents on the back of positive rental reversions and higher occupancies at its business space and industrial properties.