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Stocks to watch: Parkway Life Reit, Cambridge Industrial Trust, CapitaLand
THESE stocks had announcements which may influence trading on Tuesday.
Parkway Life Real Estate Investment Trust: The Reit reported a distribution per unit (DPU) of 3.28 Singapore cents, up 9.6 per cent from a year ago, Parkway Trust Management Limited said in a Singapore Exchange filing on Tuesday. Gross revenue crept up 0.2 per cent to S$26.9 million year-on-year despite divestment of four Japan nursing homes in December 2016. It was supported by contribution from a nursing home acquisition in March 2016, higher rent from Singapore properties and the appreciation of the Japanese yen.
Cambridge Industrial Trust: Its distribution per unit slipped 9.7 per cent to 1.004 Singapore cents in the first quarter of 2017, the manager of the trust said in a Singapore Exchange filing on Tuesday. For the three months ended March 31, 2017, its gross revenue was S$27.7 million, a marginal drop of 2.2 per cent from the same period a year ago.
CapitaLand Limited: It has made several key executive appointments, the real estate company said in a Singapore Exchange filing on Tuesday. They will take effect from May 1, 2017.