THE following companies saw new developments that may affect trading of their securities on Wednesday (Aug 10):
Parkway Life Reit (C2PU): PARKWAY Life Reit’s distribution per unit (DPU) rose by 1.5 per cent to 7.06 Singapore cents for the first half of FY2022 ended Jun 30, from 6.95 cents a year ago, its manager announced on Monday (Aug 8).
The healthcare real estate investment trust’s (Reit) gross revenue was up 1 per cent to S$60.2 million for the half-year period, from S$59.6 million a year ago.
This was mainly due to bolt-on contribution from the 3 nursing homes it acquired in July and December 2021 and higher rent from the group’s Singapore properties, its manager said, though it added that gains were partially offset by the loss of income from the divestment of a property in January 2021 and depreciation of the Japanese yen.
LMIR Trust (D5IU): THE manager of Lippo Malls Indonesia Retail Trust (LMIR Trust) on Monday (Aug 8) reported distribution per unit (DPU) of S$0.0009 for the second quarter ended June 2022, unchanged from a year ago, as distribution to unitholders edged up 0.3 per cent to S$6.9 million.
This brings DPU for the first half to S$0.0018, up 5.9 per cent from S$0.0017 in the year-ago period.
Gross revenue rose 4.1 per cent to S$51.7 million in Q2, on the back of higher rental revenue as lower rental discounts were extended due to the stabilising Covid-19 situation in Indonesia.
Frasers Property (TQ5): FRASERS Property has achieved pre-sold revenue of S$2.3 billion so far in FY2022 for its residential projects across Singapore, Australia, China and Thailand, the real estate group said on Monday (Aug 8) in a business update for the third quarter ended June.
In Singapore, the group said the demand for quality residential developments remains resilient, with sales of launched projects strengthening despite property cooling measures introduced in December 2021.
For the first 9 months of FY2022, it has sold 286 units in Singapore, with unrecognised revenue amounting to S$0.7 billion as at end June.
Apac Realty (CLN): REAL estate services provider Apac Realty reported earnings of S$16.7 million for the first half ended June, some 2.1 per cent lower than earnings of S$17 million in the year-ago period.
Earnings per share (EPS) fell in tandem to S$0.047 as at Jun 30, from S$0.048 a year ago.
The decline was largely due to a 4.4 per cent drop in total revenue to S$342.6 million in H1, from S$358.4 million a year ago.
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