Stocks to watch: OUE Commercial Reit, Viva Industrial Trust

THE following stocks made announcements on Monday evening that could affect trading on Tuesday.

OUE Commercial Reit (OUE C-Reit) recorded a distribution per unit (DPU) of 1.44 Singapore cents for the fourth quarter ended Dec 31, 2014, beating its own forecast by 5.1 per cent.

Its net property income for the quarter was S$14.4 million, exceeding its forecast by 14.9 per cent, on the back of S$19.6 million in gross revenue that represented a 12 per cent outperformance compared to its forecast.

For the financial period from its listing date of Jan 27 to Dec 31, 2014, OUE C-Reit posted a DPU of 5.27 Singapore cents, exceeding its forecast by 4.4 per cent.

This translates into an annualised distribution yield of 7 per cent, based on OUE C-Reit's closing price of 80.5 cents on Dec 31, 2014.

The stock closed at 81 Singapore cents on Monday.

VIVA Industrial Trust said fourth-quarter distributable income missed its own forecast by 1.6 per cent as finance expenses were higher than expected.

Viva, a Singapore business park and industrial stapled real estate investment trust (Reit) and business trust, posted distributable income of S$10.3 million for the three months to Dec 31, 2014.

Net property income of S$11 million was 8.6 per cent higher than estimated, as gross revenue beat expectations by 8.7 per cent to reach S$16.6 million.

Viva will pay out 1.701 Singapore cents per stapled security. Viva units closed at 80.5 Singapore cents on Monday, higher by 0.6 per cent or half a cent.