Ascendas REIT

SINGAPORE (April 3): Ascendas Fund Management, the manager of Ascendas REIT, today announced completion of the REIT’s acquisition of Stage 4, Power Park Estate in Melbourne, Australia, from Goodman Dandenong Trust for a purchase consideration of A$24.8

SINGAPORE (March 20): Ascendas-Singbridge Group announced it has acquired a premium grade commercial building in Shanghai, China.

SINGAPORE (March 17): Rising interest rates on the back of US Fed rate hikes should favour banks, property developers, and stocks with yield backed by net cash, says DBS Group Research.

SINGAPORE (Jan 26): OCBC is maintaining its “buy” on Ascendas REIT after it recorded a healthy reduction in its aggregate leverage from 34.2% as at end Sept to 31.8%, although it expects this to increase once A-REIT completes the acquisition of 12, 14

SINGAPORE (Jan 25): The manager of Ascendas Real Estate Investment Trust (Ascendas REIT), reported DPU rose by 1.2% y-o-y to 3.993 cents from 3.946 cents in 3Q ended Dec despite the increase in number of units in issue.

SINGAPORE (Jan 6): RHB Research has reiterated its “buy” recommendation for Ascendas REIT, describing it as its top pick in the industrial sector.

SINGAPORE (Dec 12): JP Morgan says it prefers developers over Singapore real estate investment trusts (S-REITs) going into 2017, even as S-REITs have outperformed both developers and the benchmark FSSTI this year.

SINGAPORE (Dec 6): Ascendas REIT is acquiring two properties located along Science Park Drive for $437.5 million from its sponsor Ascendas Land.

SINGAPORE (Dec 6): Here are some factors and stocks that could move the market this Tuesday morning:

SINGAPORE (Dec 5): Ascendas REIT is planning to acquire 12, 14 & 16 Science Park Drive for a purchase consideration of $420 million from its sponsor Ascendas.