Ascendas Real Estate Investment Trust (Ascendas REIT)

Units in Ascendas REIT closed 4 cents lower or 1.3% down at $3.01 on Jan 13.

According to Ascendas REIT, the property is in Crestmead, which is about 32 km south of the Brisbane CBD.

“Fears of a worst-case scenario seem to have overshot lockdown reality, with less earnings misses and higher earnings per share (EPS) upgrades in 2Q20. Progressive ramp up of regional economic activity in 2H20 has potential to strengthen these trends."

The acquisition is DPU accretive and is expected to generate a net property income yield of 6.1% post-transaction costs.

SINGAPORE (Dec 4): Maybank Kim Eng Research is keeping Ascendas Real Estate Investment Trust (Ascendas REIT) as its top pick among Singapore REITs, after unitholders supported its proposed acquisition of a portfolio of 30 business park properties.

SINGAPORE (Nov 25): CapitaLand has been busy with transactions this month. First, it proposed on Nov 1 to divest 28 US campus properties and two business parks in Singapore to Ascendas Real Estate Investment Trust (Ascendas REIT). On Nov 20, the develop­

SINGAPORE (Nov 4): OCBC Investment Research is keeping it’s “hold” call but raising its fair value estimate for Ascendas Real Estate Investment Trust by over 9% to $3.25 on the back of strong long-term prospects from an enlarged scale.

SINGAPORE (Nov 1): The manager of Ascendas Real Estate Investment Trust (Ascendas REIT) has announced a 2.3% increase in distribution per unit (DPU) to 3.978 cents for the 2Q19 ended September, from DPU of 3.887 cents a year ago.

SINGAPORE (Nov 1): The manager of Ascendas Real Estate Investment Trust has announced the proposed acquisition of a portfolio of 30 business park properties from CapitaLand for $1.66 billion.

SINGAPORE (July 29): The manager of Ascendas Real Estate Investment Trust (Ascendas REIT) posted distribution per unit (DPU) of 4.005 cents for the 1Q19 ended June, marginally higher than DPU of 4.002 cents a year ago, despite an enlarged unit base.