Analysts are mostly upbeat on Ascendas REIT (A-REIT) due to its stable portfolio and its series of acquisitions and disposals.

To be sure, the analysts PhillipCapital and UOB Kay Hian have maintained their “buy” recommendations on the REIT with higher target prices, while RHB Group Research has kept its "neutral" call with an unchanged target price of $3.20.

To RHB analyst Vijay Natarajan, the REIT's share price has underperformed compared to the S-REIT's sector of +1% and the industrial REIT average of -0.2%.

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