“Having acquired more than $2.1bn assets in FY2021, Ascendas REIT is on track to deliver DPU growth of about 4.6% in FY2022,” they add.
Analysts at Maybank Securities, DBS Group Research and OCBC Investment Research are maintaining their “buy” calls on Ascendas REIT on the back of attractive valuations.
DBS analysts Dale Lai and Derek Tan notes Ascendas REIT currently offers an attractive 5.4% yield, which is among the highest compared to its other large cap industrial S-REIT peers.
