Stocks to watch: Parkway Life Reit, CapitaLand Ascendas Reit, Japfa, Clas, Sakae

THE following companies saw new developments that may affect trading of their securities on Tuesday (Nov 1):

Parkway Life Reit : The healthcare real estate investment trust (Reit) posted a 0.1 per cent rise in net property income to S$82.8 million in its third quarter ended Sep 30. Gross revenue, meanwhile, was down 1.3 per cent to S$89 million, weighed down by the depreciation of the Japanese yen and loss of income from the divestment of a non-core asset in 2021, according to a business update on Tuesday. The counter closed 2.6 per cent or S$0.10 higher at S$4 on Monday.

CapitaLand Ascendas Reit (Clar): Its manager on Monday posted a positive rental reversion of 5.4 per cent for lease renewals in Q3 ended September, down from 13.2 per cent in Q2. The trust’s occupancy portfolio rose slightly at the end of Q3. Units of Clar closed at S$2.62 on Monday, down S$0.01 or 0.4 per cent, before the business update.