Stocks to watch: Mapletree Pan Asia Commercial Trust, Keppel DC Reit, Suntec Reit, ESR-Reit – The Business Times

THE following companies saw new developments that may affect trading of their securities on Friday (Jan 24):

Mapletree Pan Asia Commercial Trust (MPACT): Its manager posted a 9.1 per cent year-on-year fall in distribution per unit (DPU) to S$0.02 for its third quarter ended Dec 31, 2024. This came as revenue fell 7.4 per cent to S$223.7 million amid the absence of contributions from its divested office property Mapletree Anson, and lower contributions from assets overseas, which were further weighed down by the Singapore dollar’s strength. Units of MPACT closed S$0.01 or 0.8 per cent higher at S$1.19 on Thursday, before the results were released.

Keppel DC Reit: The manager of the real estate investment trust (Reit) on Friday posted a DPU of S$0.04902 for the second half ended Dec 31, up 13.2 per cent from S$0.04332 in the previous corresponding period. This brought total DPU for FY2024 to S$0.09451. The increase in DPU came amid contribution from the Japan data centre, higher variable rents, as well as strong reversions and higher finance income. Units of Keppel DC Reit ended Thursday 0.5 per cent or S$0.01 higher at S$2.22.

Suntec Real Estate Investment Trust (Suntec Reit): Its DPU slid 13.9 per cent on the year to S$0.0315 for the second half of 2024 ended Dec 31. This brought its full-year DPU down 13.2 per cent to S$0.06192. The fall came as its full-year distributable income shrank 12.5 per cent to S$180.9 million on higher financing costs and lower contributions, said the manager. Units of Suntec Reit closed flat at S$1.21 on Thursday, before the announcement.

ESR-Reit: The manager on Friday posted a DPU of S$0.00997 for its second half ended Dec 31, 2024, down 15.9 per cent from S$0.01186 a year prior. This brought total DPU for FY2024 to S$0.02119. The decrease in DPU was primarily driven by the loss of income from the divestments of non-core assets, as well as the decommissioning of 2, Fishery Port Road in FY2024. Units of ESR-Reit ended Thursday unchanged at S$0.26.