This is all thanks to the REIT’s outstanding performance given its significant exposure to the local business park and science park segments.
SINGAPORE (June 20): OCBC has downgraded Ascendas REIT to “hold” from “buy” with an unchanged fair value estimate of $2.66 given valuations are no longer valuable at this juncture.
In a Wednesday report, lead analyst Andy Wong says the REIT’s unit price has appreciated 19.8% year to date (YTD) to make it the second best-performing Singapore REIT.
