Ascendas REIT (AREIT)

Analysts upbeat on Ascendas REIT amid improved occupancy in 3Q - THE EDGE SINGAPORE

Broker's Calls

Analysts upbeat on Ascendas REIT amid improved occupancy in 3Q

CGS-CIMB Research has upgraded AREIT to an “add” rating from “hold” and raised its target price to $3.20 from $3.12, previously.

Investing ideas

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The year's most resilient REITs

The best performer is Keppel DC REIT, up 16% year-to-date, followed by Mapletree Logistics Trust (MLT) and Ascendas REIT. While Keppel DC REIT is resilient because of its long weighted average lease expiries, and its double and triple net leases to data

Broker's Calls

AREIT defensive but unattractive valuation

AREIT defensive but unattractive valuation: RHB

Right Timing

Expect continued volatility for STI

SINGAPORE (Feb 7): The confluence of the 50-and 200-day moving averages at 3,220 is providing resistance for any rebound. On Feb 6, the Straits Times Index rebounded to 3,231 before falling below 3,220.

Company in the news

Ascendas REIT goes shopping; new properties provide DPU and NAV accretion, IFA recommends a 'yes' vote

SINGAPORE (Nov 25): On Nov 1, Ascendas Real Estate Investment Trust (REIT) announced the proposed acquisition of 28 properties in the US and two business parks in Singapore for $1.66 billion from immediate parent Ascendas-Singbridge, now part of CapitaLan

Right Timing

Pause to continue as STI drifts sideways

SINGAPORE (Nov 16): The Straits Times Index peaked temporarily at 3,285, before retreating. At its current level of 3,238, the index has stayed above the 200-day moving average at 3,227 and the 100-day moving average at 3,208.


REITs have had a good run, yield compression may have come to an end

(Nov 18): Yields on 10-year Singapore Government Securities have been rising, albeit gently from a low base (see Chart 1). Similarly, yields on 10-year US Treasuries are also rising, from a low of 1.4% in September to 1.945% as at Nov 11 (see Chart 2). On

Broker's Calls

CGS-CIMB bullish on Ascendas REIT but rues expensive valuations

SINGAPORE (Oct 11): CGS-CIMB Research believes investors should “look for a lower entry point” when buying into Ascendas REIT (AREIT), despite being bullish on its growth prospects.


Ascendas REIT acquires suburban office in Australia for $104.4 mil

SINGAPORE (Oct 3): The manager of Ascendas REIT (AREIT) has agreed to purchase the freehold land and the subsequent development of the suburban office building in Melbourne, Australia, for A$110.9 million ($104.4 million).