Ascendas REIT

[winston]

not vested

Ascendas Real Estate Investment Trust (Ascendas Reit) distribution per unit (DPU) for its second half ended Dec 31, 2020, fell 0.9 per cent to 7.418 Singapore cents, from 7.485 Singapore cents in the year before, the Reit said in an exchange filing on Tuesday.

It reported a 12.5 per cent increase in gross revenue for its second half of S$528.2 million, up from S$469.4 million in the year ago period.

Net property income rose 7.8 per cent to S$388.2 million in H2 2020, from S$360.2 million previously.

Source: Phillips

[behappyalways]

Ascendas REIT to acquire 11 data centres in Europe for $904.6 mil
https://www.theedgesingapore.com/news/r ... e-9046-mil

[winston]

Ascendas REIT (AREIT SP)
Multifaceted Growth Of Well-diversified Portfolio

AREIT will benefit from the easing of safe management measures to allow 75% of
employees back to work at the office starting 5 Apr 21 as business parks and hi-spec
industrial buildings in Singapore accounted for 45% of its AUM.

It could refocus on growth in Singapore with potential acquisitions of Ascent at Science Park I and Galaxis at one-north.

Redevelopment of Science Park I could unlock value.

AREIT provides FY22 distribution yield of 5.4%.

Maintain BUY. Target price: S$3.82.

Source: UOBKH

https://research.uobkayhian.com/content ... f66a0ac0bc

[winston]

not vested

Ascendas REIT (AREIT SP) - Strengthening its portfolio composition

Ascendas REIT (AREIT) is the largest listed industrial REIT on the Singapore Exchange based on asset size and market capitalisation.

It has significant exposure to the business & science parks segment, where demand has been relatively resilient.

AREIT also has assets in Australia and UK, and completed the acquisition of a portfolio of 28 business park properties in the US in Dec 2019, which marked its maiden entry into the US market.

Besides business & science parks, AREIT also owns properties within the logistics, data centres, suburban offices and industrial sub-sectors.

AREIT has a diversified pool of quality tenants in four core markets and its sponsor is CapitaLand Limited. BUY.

Source: OCBC

[winston]

not vested

Ascendas REIT (AREIT SP) - Mixed operating metrics

Ascendas REIT (AREIT) is the largest listed industrial REIT on the Singapore Exchange based on asset size and market capitalisation.

It has significant exposure to the business & science parks segment, where demand has been relatively resilient.

AREIT also has assets in Australia and UK, and completed the acquisition of a portfolio of 28 business park properties in the US in Dec 2019, which marked its maiden entry into the US market.

Besides business & science parks, AREIT also owns properties within the logistics, data centres, suburban offices and industrial sub-sectors.

AREIT has a diversified pool of quality tenants in four core markets and its sponsor is CapitaLand Limited. BUY.

Source: OCBC

[behappyalways]

Ascendas REIT to acquire remaining 75% stake in Galaxis for $534.4 mil
https://www.theedgesingapore.com/news/r ... s-5344-mil


Ascendas REIT's private placement closes at $2.94 per unit, 2.6 times covered
https://www.theedgesingapore.com/news/r ... es-covered

[behappyalways]

Ascendas REIT divests three Australian logistics properties for $129 mil
https://www.theedgesingapore.com/news/r ... es-129-mil

[behappyalways]

Ascendas REIT to acquire seven logistics properties in Chicago for $133.2 mil
https://www.theedgesingapore.com/news/r ... o-1332-mil

[behappyalways]

Ascendas REIT to acquire cold storage logistics facility in Singapore for $191.9 mil
https://www.theedgesingapore.com/news/r ... e-1919-mil