Stocks to watch: Mapletree Logistics Trust, SingPost, Stoneweg E-Reit, Sabana Industrial Reit
THE following companies saw new developments that may affect trading of their securities on Wednesday (Jan 22):
Mapletree Logistics Trust (MLT): Its distribution per unit (DPU) fell 11.1 per cent year on year to S$0.02003 for its third quarter ended Dec 31, 2024, bringing its DPU for the nine-month period down 10.2 per cent to S$0.06098. Revenue for the quarter slipped 0.9 per cent from the previous corresponding period to S$182.4 million on lower contributions from China, the absence of contributions from its divested properties, and depreciation of regional currencies against the Singapore dollar, the manager said on Tuesday. Units of MLT closed 0.8 per cent or S$0.01 lower at S$1.27 on Tuesday, before the news.
Singapore Post (SingPost): The national postal service provider on Wednesday named the former chief financial officer (CFO) of its Australia business Isaac Mah as group CFO, effective Jan 22. This comes after the company in December last year announced its intention to appoint Mah to the position in accordance with SingPost’s succession plan. Shares of the group ended Tuesday 0.9 per cent or S$0.005 lower at S$0.555.
Stoneweg European Real Estate Investment Trust (Stoneweg E-Reit): Its manager has priced its offering of 500 million euros (S$705 million) of green notes due 2031 under its 1.5 billion euros medium term note programme. The notes will bear a coupon rate of 4.25 per cent, while the reoffer yield will be 4.343 per cent, payable annually in arrears, said the manager on Wednesday. Proceeds will be used to redeem outstanding notes due November 2025 for general corporate purposes and to finance eligible green assets and projects. Units of Stoneweg E-Reit ended 0.6 per cent or 0.01 euro higher at 1.57 euros on Tuesday.
Sabana Industrial Real Estate Investment Trust (Reit): Its distribution per unit (DPU) rose to S$0.0152 for the half year ended Dec 31, 2024, up 32.2 per cent from the previous corresponding period. This brings its full-year DPU for FY2024 to S$0.0286, up 3.6 per cent from FY2023, said the manager on Tuesday. It comes as the Reit’s revenue grew 2.7 per cent on the year to S$58.1 million, lifted by strong positive rental reversions across its portfolio. Units of Sabana Reit closed 1.4 per cent or S$0.005 higher at S$0.375 on Tuesday, before the news.
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