Ascendas REIT (A-REIT)

CapitaLand dips its toes into new asset classes such as Jewel and multifamily housing as ASB merger is approved
SINGAPORE (Apr 22): Jewel Changi Airport — Singapore’s newest integrated development by CapitaLand and Changi Airport — is quite the talk of the town with its waterfall, jungle, shops, eateries and a YOTELAIR. It houses more than 2,000 trees and palms and over 100,000 shrubs. These plants comprise about 120 species and originate from countries such as Australia, China, Malaysia, Spain, ...
Ascendas REIT remains best proxy to the burgeoning S-REIT space: Maybank
SINGAPORE (April 4): Maybank Kim Eng is remaining “positive” on the Singapore REIT (S-REITs) sector on expectations of continued outperformance, while highlighting Ascendas REIT (A-REIT) as the best proxy to overall recovery across S-REITs.   The research house has adjusted its FY19-21 distribution per unit (DPU) estimates by between -2% and +4%. It is also raising its target prices ...
5 recommendations by Maybank as the S-REIT space eases into recovery mode
SINGAPORE (Feb 28): Maybank Kim Eng is remaining “positive” on the Singapore REIT space as it believes sector valuations will remain supported by recovering distributions per unit (DPUs), especially for hospitality; increased traction of capital recycling initiatives and acquisition momentum; and a backdrop of a slower rate hike cycle. Maybank continues to favour large-caps and laggards, ...
S-REITs poised to ride on wings of dovish Fed
SINGAPORE (Feb 11): DBS Group Research is keeping its “overweight” rating on Singapore REITs following more dovish comments from the US Federal Reserve. In a statement on Jan 30, the US central bank said it “will be patient as it determines what future adjustments to the target range for the federal funds rate may be appropriate”. Notably, the Fed also discarded its promise of ...
Ascendas REIT set to thrive on overseas initiatives & new Grab project, says Maybank
SINGAPORE (Jan 31): Maybank Kim Eng continues to rate Ascendas REIT (A-REIT) at “buy” with an unchanged price target of $2.95, while highlighting the trust as its top S-REIT pick due to its scale, and as the best proxy to recovering sector fundamentals. This comes after the trust’s manager yesterday posted 3Q19 DPU of 3.998 cents, up 0.7% from 3.97 cents a year ago and in line with ...
Ascendas REIT posts 0.7% higher 3Q DPU of 3.998 cents; secures $181.2 mil BTS project from Grab
SINGAPORE (Jan 30): The manager of Ascendas REIT (A-REIT) reported a 3Q19 distribution per unit (DPU) of 3.998 cents, growing 0.7% from 3.97 cents a year ago after taking into account an enlarged number of units in issue. The growth in DPU was mainly attributed to contributions from both newly-acquired and redeveloped properties. Gross revenue for the quarter grew 4.2% to $226.4 million ...
Ascendas REIT kept at ‘buy’ by analysts on overseas diversification
SINGAPORE (Oct 26): Ascendas REIT (A-REIT) reported 2Q19 DPU of 3.887 cents, –4.2% y-o-y driven by lower occupancy in Singapore, additional interest expense and expanded number of units. See: Ascendas REIT declares 4.2% lower 2Q DPU of 3.887 cents on lower contribution from Singapore, higher expenses In a Friday note, DBS Group Research says A-REIT’s 2Q19 results came in line with ...
Jefferies keeps Ascendas REIT at 'buy' on expansion of UK presence
SINGAPORE (Oct 2): Ascendas REIT is buying another portfolio of 26 logistics properties in the United Kingdom for $461 million despite Brexit-linked uncertainty. See: Ascendas REIT enlarges UK portfolio with $459 mil acquisition of logistics properties The portfolio consists of 26 properties with gross internal area of 2.8 million sf located in key distribution centres in UK. Properties are ...
Ascendas REIT enlarges UK portfolio with $459 mil acquisition of logistics properties
SINGAPORE (Sept 29): Ascendas REIT is scaling up its portfolio in the UK with the proposed acquisition of a portfolio of 26 logistics properties for £257.5 million ($459.2 million). The properties are well-located in key logistics locations with about 70% of the portfolio’s gross internal area situated within the West Midlands, an important logistics hub located at the centre of UK’s ...
Ascendas REIT plans private placement to raise $450 mil mainly for recent UK acquisition
SINGAPORE (Sept 6): Ascendas REIT is raising gross proceeds of no less than $450 million in a private placement to raise funds for acquisitions and a new development. The private placement will sell about 178 million new units in Ascendas REITs to institutional and other investors at an issue price of between $2.528 and $2.606. Of the gross proceeds, $250 million or 55.5% will go towards ...