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Analysts positive on Ascendas REIT on stable quarter, healthy rental reversions seen in 1QFY2022

Chloe Lim
Chloe Lim5/6/2022 2:33 PM GMT+08  • 3 min read
Analysts positive on Ascendas REIT on stable quarter, healthy rental reversions seen in 1QFY2022
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Analysts are generally positive about Ascendas REIT (A-REIT) in light of a stable Singapore portfolio coupled with robust rental reversions in their Australia and US portfolios.

In its 1QFY2022 ended March business update, A-REIT reported a slight q-o-q dip in portfolio occupancy to 92.6%, with rental reversion on average up 4.6%.

During the quarter, A-REIT also completed the purchase of two logistics properties in Australia for $90.2 million and one redevelopment asset in Singapore for $38.2 million in 1QFY2022.

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