Ascendas REIT (AREIT)

Investing ideas

UOB, CDL, Wilmar, AREIT, Netlink Trust top bets for Morgan Stanley

SINGAPORE (June 26): Singapore’s economy is seen to undergo a “sustained” rebound and that bodes well for certain cyclical recovery plays in key sectors, says Morgan Stanley analysts Wilson Ng and

REITs

The year's most resilient REITs

SINGAPORE (May 22):The best performer is Keppel DC REIT, up 16% year-to-date, followed by Mapletree Logistics Trust (MLT) and Ascendas REIT.

Broker's Calls

AREIT defensive but unattractive valuation

SINGAPORE (Apr 20): RHB Group Research is keeping its “neutral” call on Ascendas REIT (AREIT) with a target price of $3.00 from $3.10 previously.

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.

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 i

Right Timing

Pause to continue as STI drifts sideways

SINGAPORE (Nov 16): The Straits Times Index peaked temporarily at 3,285, before retreating.

REITs

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).

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.

M&A

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

Sustainability

CapitaLand partners Sembcorp to install solar farms atop 6 properties in Singapore

SINGAPORE (July 9): CapitaLand will partner with Sembcorp Industries to install about 21,240 rooftop solar panels atop six CapitaLand properties by the end of this year, forming the largest combine

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