THE following companies saw new developments that may affect trading of their securities on Monday (Aug 1):
MAPLETREE Commercial Trust reported a 8.8 per cent increase in revenue for Q1 FY2022/23 ending Jun 30 to S$135 million from S$124.1 million a year prior.
Net property income for the period also rose in tandem, up 10.1 per cent to S$106.7 million from S$96.9 million a year ago. The increases were driven by easing Covid-19 measures, with VivoCity continuing on a steady recovery. Tenant sales in Q1 FY2022/23 rebounded 53.3 per cent y-o-y, surpassing pre-Covid levels.
ESR-Logos Reit has announced that it will divest Pandan Logistics Hub for S$43.5 million, a 15.1 per cent premium to valuation, to ST Logistics.
The property, located in the west of Singapore, is 5-storey ramp-up warehouse with a total gross floor area of 30,576 square metres. The warehouse has a land lease balance of 17.2 years.
RAFFLES Medical Group reported a profit of nearly S$60 million for the half year ended Jun 30, a 54.4 per cent rise as compared with S$38.8 million a year ago.
This came largely on the back of higher revenue from Covid-19 related services as well as a comeback in medical tourism as Singapore reopened its borders, it said in a regulatory filing on Monday (Aug 1).
ASCENDAS India Trust (a-iTrust) on Monday (Aug 1) posted a S$0.0428 distribution per unit (DPU) for H1 ended June, up 2 per cent from the previous year, thanks to an increase in occupancy in major tech parks.
Total property income for the half-year came in at S$103.3 million, up 8 per cent year on year. This was driven by contributions from the aVance 6 building in Hyderabad, Building Q1 in Aurum Q Parc, Arshiya Warehouse 7, and the industrial facility in Mahindra World City, Chennai. a-iTrust also enjoyed higher utilities and car park income.