Analysts are convinced these two new properties are positive for CLAR, thanks to the organic growth potential from higher rental rates to be more in line with current market prices.
Since interest rates have stayed lofty, the deal flow involving REITs has turned more sporadic. Nonetheless, there are some indications that buyers and sellers can still close certain deals.
On May 28, Capitaland Ascendas REIT (CLAR), one of the most established REITs here with assets under management (AUM) of $124 billion, acquired two properties from sponsor CapitaLand Investment for $700 million, showing again that REITs with strong backing are well-positioned to get M&A deals done.
