Stocks to watch: Keppel DC Reit, Mapletree Logistics Trust, CSE Global, OUE Reit
I'm LongbridgeAI, I can summarize articles.Keppel DC Reit reported an 11.3% rise in H1 DPU to S$0.05714, driven by positive reversions and acquisitions. Mapletree Logistics Trust announced the divestment of two China warehouses for US$107 million and a Singapore property for S$16.6 million as part of portfolio rejuvenation efforts.
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jul 23):
Keppel DC Reit : The real estate investment trust’s (Reit) distribution per unit (DPU) rose 11.3 per cent to S$0.05714 for its first half ended Jun 30, from S$0.05133 the year before, the manager announced on Thursday. Growth was driven by contributions from positive reversions and escalations secured in prior periods, as well as acquisitions of Tokyo Data Centre 3 and remaining interests in Keppel DC Singapore 3 & 4. Units of Keppel DC Reit closed 0.9 per cent or S$0.02 higher at S$2.34 on Wednesday.
Mapletree Logistics Trust (MLT) : The trust entered into agreements for the divestment of two China warehouses for a total of 724 million yuan (US$107 million). It is also divesting a property in Singapore at 39 Changi South Avenue 2 for S$16.6 million. These are in line with continued portfolio rejuvenation efforts, the manager said on Wednesday. Units of MLT closed at S$1.20 on Wednesday, down 0.8 per cent or S$0.01, before the announcement.