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Stocks to watch: Keppel Reit, Keppel T&T, Soilbuild Reit
THE following stocks announced results on Thursday that may affect trading on Friday.
Keppel Reit: The office landlord on Thursday declared a distribution per unit (DPU) of 1.68 Singapore cents for the first quarter ended March 31, a 1.2 per cent dip from a year ago due to an enlarged unit base. This translated into an annualised yield of 6.8 per cent based on the market closing price per unit on March 31.
Keppel Telecommunications and Transportation: Keppel T&T's first quarter net profit fell by 15.6 per cent due to, among other things, lower share of results from associated companies and higher taxation. Net profit for the fiscal 2016 first quarter came in at S$13.31 million, down from S$15.78 million recorded one year ago for the period that ended on March 31, it said on Thursday.
Soilbuild Business Space Reit: Soilbuild Reit's DPU for the first quarter ended March 31 dipped 4.7 per cent from 1.633 Singapore cents to 1.557 Singapore cents, while distributable income rose 9.6 per cent, from S$13.3 million to S$14.6 million. Gross revenue for the quarter rose 8.2 per cent from S$18.6 million to S$20.1 million, mainly due to additional rental revenue from Technics and Solaris.