by winston » Wed Nov 11, 2020 9:25 am
not vested
ASCENDAS REIT (AREIT SP)
Recommendation : BUY
Fair Value : SGD 3.92
PROPOSED ACQUISITIONS AND MORE TO COME
Proposed acquisition of two office buildings in San Francisco
Potential acquisitions of data centre portfolio acquisition in Europe and suburban office in Australia
Equity fund raising exercising to raise S$1.2b
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 there is limited upcoming supply.
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 marks its maiden entry into this market.
AREIT has a diversified pool of quality tenants and its sponsor is CapitaLand Limited.
Source: OCBC
It's all about "how much you made when you were right" & "how little you lost when you were wrong"