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Newswires","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2512116774?lang=en_us&edition=fundamental","pubTime":"2025-02-20 18:10","pubTimestamp":1740046238,"startTime":"0","endTime":"0","summary":"Singapore's stock market closed in red on Thursday, mirroring regional sentiment driven by muted overnight results on Wall Street after the US Federal Reserve dampened expectations of potential interest rate cuts.The Straits Times Index , a key benchmark for the Singapore Exchange, ranged between 3,916.13 and 3,942.36 throughout the day. It ended the session at 3,927.51, down 6.53 points or 0.17% compared to Wednesday's close.In company news, shares of Prime US REIT  were down over 6% after its distribution per unit or DPU declined in the second half of 2024 to $0.0011 from $0.0023 a year earlier.COSCO Shipping International's  Singapore-listed shares rose 4% at market close after the company forecasted a 179% increase in attributable profit for 2024 to SG$5.3 million from SG$1.0 million a year earlier.Meanwhile, shares of Manulife US REIT's  were down over 3% at the close after the REIT's distributable income for the second half of 2024 declined 58% to $0.0087 from $0.0205 a year 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income for the second half of 2024 declined 58% to $0.0087 from $0.0205 a year earlier, a filing with the Singapore Exchange said on Thursday.Income available for distribution declined to $15.4 million from $36.3 million a year earlier.Net property income dropped by 34% to $37.1 million from $59.2 million a year earlier.Gross revenue was down 26% year over year to $80.8 million from $108.5 million, mainly due to lower rental recoveries income from higher vacancies.Shares of the REIT were down over 3% in recent trading.","market":"sg","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":"Manulife US REIT's Distributable Income Per Unit Declines 58% in H2 2024; Shares Down 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