Stocks to watch: CICT, FLCT, Sabana Reit

THE following companies saw new developments that may affect trading of their securities on Wednesday (Feb 5).

CapitaLand Integrated Commercial Trust: Its manager on Wednesday posted a distribution per unit of S$0.0545 for the second half ended December, unchanged from the previous corresponding period. This came amid an enlarged unit base due to the distribution reinvestment plan in March last year and an equity fundraising in September. Units of CICT closed flat on Tuesday at S$1.93.

Frasers Logistics & Commercial Trust (FLCT): The trust leased 175,000 square metres of space across its portfolio in the first quarter ended Dec 31, with a portfolio occupancy rate of 94.3 per cent. Its entire portfolio of 114 logistics and industrial, as well as commercial properties, has a portfolio value of S$6.8 billion. Units of FLCT closed flat at S$0.88 on Tuesday, before the announcement.

Sabana Real Estate Investment Trust (Reit): The trust’s internalisation committee and incoming directors said on Monday that they intend to vote against all the resolutions in the extraordinary general meeting requisitioned on Jan 17. They also urged unitholders to vote against the requisitioned resolutions. Units of Sabana Reit ended 1.4 per cent or S$0.005 higher at S$0.36 on Tuesday, before the announcement.