The transaction is also expected to be distribution per unit (DPU) and DPU yield accretive for the REIT. On a pro forma basis, the proposed acquisitions estimated to add 0.101 cents to Ascendas REIT’s FY18/19 DPU, translating to a DPU yield accretion of approximately 3.0%.
SINGAPORE (Nov 1): The manager of Ascendas Real Estate Investment Trust has announced the proposed acquisition of a portfolio of 30 business park properties from CapitaLand for $1.66 billion.
Post-transaction costs, the proposed acquisitions are expected to generate a first year net property income yield of 6.3% for Ascendas REIT.
