Monday, August 3, 2009

Suntec REIT, Ascendas India Trust edge up

 
 

Sent to you by MarcG via Google Reader:

 
 

via EdgeSingapore RSS on 7/30/09

Suntec Real Estate Investment Trust (SUN SP), one of two Singapore-traded REITs controlled by Hong Kong billionaire Li Ka-shing, advanced 3.8% to S$1.10. The company said distributable income in the second-quarter ended June rose 14% to S$47.7 million.

Ascendas India Trust (AIT SP), the operator of business parks in India, gained 3% to 86.5 cents. The company said it will distribute $15.7 million of its profit for the first-quarter ended June 30 to shareholders, 26% more than the year before.

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