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Stocks to watch: OUE Commercial Reit, Viva Industrial Trust
THE following stocks made announcements on Monday evening that could affect trading on Tuesday.
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, 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.