Stocks to watch: Mapletree Logistics Trust, Keppel DC Reit, Keppel, CapitaLand China Trust

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

Mapletree Logistics Trust (MLT): M44U  The trust reported that distribution per unit (DPU) for Q2 FY21/22 grew 5.7 per cent to S$0.02173 in a bourse filing after market close on Monday (Oct 25). MLT's financial performance was boosted from accretive acquisitions in FY20/21, higher revenue from its portfolio and higher occupancy from a logistics park. Units of MLT traded up 0.5 per cent or S$0.01 to S$1.99 at the end of trading on Monday.

Keppel DC Reit: AJBU  The real estate investment trust (Reit) posted a DPU growth of 4.5 per cent to S$0.02462 from S$0.02357 a year ago for Q3 FY21 in bourse filing after end of trading on Monday (Oct 25). The increase was attributed to accretive acquisitions and asset enhancement initiatives the Reit has embarked on. Units of the Reit closed up 0.8 per cent or S$0.02 to S$2.40 on Monday.

Keppel Corporation: BN4  The conglomerate disclosed in an announcement after trading on Monday (Oct 25) that its offshore and marine subsidiary, Keppel Offshore & Marine is being sued in the US over a loss of an investment and interest of US$819.85 million. The claims are over the alleged aiding and abetting the fraud committed by Petroleo Brasileiro (Petrobras) and Sete Brasil Participacoes which was settled with US prosecutors for US$422 million. Shares of Keppel closed down 0.5 per cent or S$0.03 to S$5.48 on Monday.

CapitaLand China Trust (CLCT): (AU8U) Its manager on Tuesday (Oct 26) reported a 9M net property income of 903.4 million yuan (S$190.7 million), up 81.1 per cent on-year due to higher contributions from both its retail and business park assets. It separately announced a number of changes to its board and committees, including the appointment of CapitaLand Investment (China) chief executive officer Puah Tze Shyang as a non-executive, non-independent director. Units of CLCT ended S$0.01 or 0.8 per cent higher at S$1.22 on Oct 25.

Keppel Reit: (K71U) In a Q3 business update on Tuesday (Oct 26), the manager reported that its distributable income from operations for the first 9 months of 2021 was up by 20.8 per cent year on year at S$159.9 million. The increase is attributed mainly to contributions from Victoria Police Centre in Melbourne, Pinnacle Office Park in Sydney and Keppel Bay Tower in Singapore. Units of Keppel Reit closed flat at S$1.08 on Oct 25.

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Ara Logos Logistics Trust (K2LU): The real estate investment trust's third quarter DPU dropped 9 per cent year on year to S$0.01329 from S$0.01461 due to an enlarged unit base after raising equity for its maiden Australian portfolio acquisition. Distributable income, however, rose 20.9 per cent to S$19.3 million, from S$16 million the year before. Units of Ara Logos closed flat at S$0.885 on Monday.