Ascendas REIT (AREIT)

Sustainability

CapitaLand partners Sembcorp to install solar farms atop 6 properties in Singapore

SINGAPORE (July 9): CapitaLand will partner with Sembcorp Industries to install about 21,240 rooftop solar panels atop six CapitaLand properties by the end of this year, forming the largest combined rooftop solar facility in Singapore by a real estate com

In print this week

SGX explains why Singapore is Asia's largest global REIT platform

(May 6): On March 27, during Manulife US Real Estate Investment Trust’s Investor Day event, Ronald Tan, director of Equity Capital Market at the Singapore Exchange, asked the audience a few questions. It was to gauge the public’s reception to various

Broker's Calls

Ascendas REIT poised to benefit from current rate environment, but yields may be tight

SINGAPORE (April 30): Maybank Kim Eng and OCBC Investment Research are maintaining their “buy” and “hold” calls on Ascendas REIT (AREIT) while raising their price target and fair value estimate to $3.20 and $2.74 from the previous $3.10 and $2.64,

Results

AREIT posts 6.1% increase in 4Q DPU to 4.1 cents on higher revenue, lower non-property expenses

SINGAPORE (Apr 29): The manager of Ascendas REIT (AREIT) announced that its 4Q19 DPU has increased by 6.1% to 4.148 cents compared to 3.910 cents in 4Q18, with amount available for distribution increasing by 12.7% y-o-y to $129.0 million.

Broker's Calls

AREIT, EREIT kept at 'add' by CGS-CIMB despite Hyflux link

SINGAPORE (Mar 7): CGS-CIMB Securities is maintaining Ascendas REIT (AREIT) and ESR REIT (EREIT) at “add” despite Hyflux’s debt-restructuring woes.

Broker's Calls

Market valuations may be inexpensive but stay defensive: RHB

SINGAPORE (Jan 2): RHB Research prefers to stay selective and defensive amid growth uncertainties in 2019.

Broker's Calls

RHB overweight on SREITs despite interest rates worry

SINGAPORE (Oct 16): RHB is reiterating its “overweight” rating on Singapore REITs (SREITs), as it believes that selective SREITs still offer value for investors, despite lingering concerns over rising interest rates.

Property

Singapore developers cede to REITs as investors' top pick

(Sept 25): Buy the businesses that hold the real-estate assets rather than the ones that sell them.

Broker's Calls

AREIT to strengthen positioning in UK and Singapore

SINGAPORE (Sept 10): CGS-CIMB is maintaining its “add” call on Ascendas Real Estate Investment Trust (AREIT) with a target price of $2.89.

Property

Ascendas REIT to acquire portfolio of 12 UK logistics properties for $373 mil

SINGAPORE (July 26): Ascendas REIT is expanding its footprint beyond Asia and Australia into Europe, through the proposed acquisition of a portfolio of 12 logistics properties located in the United Kingdom.
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