THE following companies saw new developments that may affect trading of their securities on Monday (Oct 30):
CapitaLand Ascendas Reit (Clar) reported on Friday (Oct 27) a slight increase in portfolio occupancy for its third quarter, as it also continued to register positive portfolio rental reversions.
Portfolio occupancy as at Sep 30, 2023, rose to 94.5 per cent, from 94.4 per cent three months earlier, the manager said in a business update filed on the Singapore Exchange. No details on revenue or distributions were provided in the third-quarter update.
Clar’s manager said that occupancy in its Singapore assets rose 0.4 percentage point quarter on quarter to 92.7 per cent, while occupancy in the United States remained flat at 92.1 per cent. However, occupancy fell slightly in Australia, United Kingdom and Europe over the same period, but remained at 99 per cent or higher.
CAPITALAND Ascott Trust (Clas) gross profit for the third quarter rose 13 per cent as compared to the same period last year.
This was led by revenue growth that offset increased operating and financing costs, said Clas’ managers on Monday (Oct 30).
About 44 per cent of the gross profit came from management contracts of serviced residences and hotels. The remaining 56 per cent was from stable income from longer-stay properties, master leases, and management contracts with minimum guaranteed income.
Starhill Global Reit reported net property income (NPI) of S$37.4 million for the first quarter ended Sep 30, 2023, up 0.4 per cent from S$37.2 million a year earlier.
This was due mainly to higher contributions from Starhill’s properties in Singapore and from the Myer Centre Adelaide mall in Australia, the manager said in a business update on Friday (Oct 27).
However, it was partially offset by the depreciation of foreign currency and the loss of income from the divestment of a property in Japan, the manager added.
The initial public offering of Sheffield Green(SGR) closed with 24 million of its new shares fully subscribed at S$0.25 a piece.
The human resources provider of the renewable energy sector said on Friday (Oct 27) that the 3.6 million shares offered in the public tranche received about 4.9 million valid applications. This translates to a subscription rate of 1.4 times.
All 20.4 million shares in the private placement tranche were also fully alloted. The Business Times understands that the subscription rate for the placement tranche came in at around 1.3 times.
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