The S&P/ASX 200 A-REIT index slipped 1.48% to 1,256.90, while the S&P/ASX 200 index traded sideways, edging 0.03% higher to 5,944.50.
The company also set its distribution for the six months to end-June at 10.6 cents per share, down from its previously estimated 14.1 cents per share, according to an announcement. Stockland shares were down 2.76% to A$3.52.
Charter Hall Group (CHC) said in a statement that it would pay a distribution of 18.22 cents per security for the half year to end-June, taking the total annual distribution to 35.72 cents per share. Charter Hall stocks closed 1.39% lower at A$9.96.
J-REITs had a flat day overall, with the Tokyo Stock Exchange REIT index gaining 0.06% to 1,685.76 and the Nikkei 225 Index finishing 0.18% lower at 22,437.27.
The REIT set its half-year distribution at JPY 1,561, while projecting an 11.6% fall in ordinary profit to JPY 2.3bn for the six months to end-October 2020.
The FTSE ST Real Estate Investment Trusts index dipped 0.27% to 828.72, while the Straits Times Index edged 0.20% higher to 2,629.69.
The REIT will use the funds to refinance the Solaris@one-north project, a business space complex that is part of the Fusionopolis cluster in Singapore. Soilbuild REIT shares rose 1.25% to S$0.41.
In Hong Kong, the Hang Seng REIT Index closed 1.47% lower at 5,681.53 and the Hang Seng Index fell 0.54% to 24,511.34.
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