This REIT is heading towards an inflexion point

SINGAPORE (April 26): DBS continues to like Ascendas REIT for its solid yield of close to 6.2% with upside from potential acquisitions yet to be priced in, supported by a conservative leverage level of about 34%.

The ability of the manager to drive value and growth through various market cycles is also a testament of the portfolio’s resilience, says the research house.

“Our DCF-based target price is maintained at $2.65 . Maintain ‘buy’ on the back of total potential returns of about 15%,” says Derek Tan in a Wednesday report.

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