Ascendas REIT (AREIT)

AREIT, EREIT kept at 'add' by CGS-CIMB despite Hyflux link
SINGAPORE (Mar 7): CGS-CIMB Securities is maintaining Ascendas REIT (AREIT) and ESR REIT (EREIT) at “add” despite Hyflux’s debt-restructuring woes. This was after the Public Utilities Board on Tuesday issued a default notice to Hyflux subsidiary  Tuaspring reminding the water company it has to fulfil its contractual obligations. Prior to the notice, creditors and security holders ...
Market valuations may be inexpensive but stay defensive: RHB
SINGAPORE (Jan 2): RHB Research prefers to stay selective and defensive amid growth uncertainties in 2019. The Straits Times Index (STI), down 12% in USD terms, could remain under pressure this year amid slowing GDP growth and an uncertain trade outlook due to China-US tensions. In a Wednesday report, analyst Shekhar Jaiswal says, “While 12.6x forward P/E and 4.2% dividend yield make the ...
RHB overweight on SREITs despite interest rates worry
SINGAPORE (Oct 16): RHB is reiterating its “overweight” rating on Singapore REITs (SREITs), as it believes that selective SREITs still offer value for investors, despite lingering concerns over rising interest rates. In a Tuesday report, analyst Vijay Natarajan says, “While we do not expect a broad-based sector outperformance, we believe SREITs with stock-specific catalysts continue to ...
Singapore developers cede to REITs as investors' top pick
(Sept 25): Buy the businesses that hold the real-estate assets rather than the ones that sell them. That’s the message from a growing number of analysts in Singapore who say REITs, or real estate investment trusts, are a better bet than developers in light of the island’s recent cooling measures. For much of 2017 and the first half of this year, Singapore developer stocks had a great ...
AREIT to strengthen positioning in UK and Singapore
SINGAPORE (Sept 10): CGS-CIMB is maintaining its “add” call on Ascendas Real Estate Investment Trust (AREIT) with a target price of $2.89. This came on the back of the REIT announcing a private placement of 178 million units at $2.54 apiece to raise $452.1 million in proceeds to partly fund the proposed acquisition of a second UK logistics portfolio worth about $250 million, the proposed ...
Ascendas REIT to acquire portfolio of 12 UK logistics properties for $373 mil
SINGAPORE (July 26): Ascendas REIT is expanding its footprint beyond Asia and Australia into Europe, through the proposed acquisition of a portfolio of 12 logistics properties located in the United Kingdom. The properties will be acquired from two third-party vendors, Oxenwood Catalina Midco Limited and Oxenwood Catalina II Midco for £207.27 million ($373.15 million). Completion is ...
On the cusp of recovery, office and hospitality S-REITs worth a closer look
SINGAPORE (May 31): DBS Group Research says this could be a good time to scoop up S-REITs of selected office and hotel names given supply pressures in these sub-sectors have eased. In a Thursday report, lead analyst Mervin Song says the oversupplied market over the past few years which resulted in muted S-REIT performance and decline in DPUs for several REITs has given way to a turnaround in ...
Ascendas REIT posts 1.5% increase in 4Q DPU to 3.91 cents
SINGAPORE (Apr 23): The manager of Ascendas REIT (AREIT) has declared a 4Q18 DPU of 3.91 cents, 1.5% higher compared to the 4Q17 DPU of 3.852 cents. This brings FY18 DPU to 15.988 cents, 1.6% higher than 15.743 cents in FY17. Gross revenue for the quarter increased by 3.3% to $215.7 million from $208.9 million in the previous year. This was mainly due to the acquisition of 52 Fox Drive, ...
Ascendas REIT is best proxy for bombed-out Singapore industrial REIT sector
SINGAPORE (Apr 18): Maybank Kim Eng is staying positive on industrial REITs despite the recent pullback in share prices against a rising interest rate environment. "We see positive earnings momentum led by the large cap names from improving supply and demand, with near-term catalysts rising occupancies and stable/positive rental reversions," says analyst Chua Su Tye. Chua sees limited risks ...
Maybank remains 'positive' on S-REITs as industrials are bottoming out
SINGAPORE (Apr 16): Maybank Kim Eng is remaining “positive” on Singapore REITs (S-REITs), despite the recent pull-back in share prices against a rising interest rate regime. In a Monday report, analyst Chua Su Tye says, “We see positive earnings momentum led by the large cap names from improving supply and demand, with near-term catalysts rising occupancies and stable/positive rental ...