Ascendas REIT (A-REIT)

Check out this cheap REIT with an attractive yield

The total cost of the acquisition, which is subject to adjustments, stood at A$105.8 million ($101.9 million).

This also marks the second green issuance under A-REIT’s green finance framework.

The manager says the net proceeds from the issue of each tranche of notes or perpetual securities will be used towards financing or refinancing the acquisitions as well as investments of A-REIT.

While Ascendas REIT’s (A-REIT) 1H20 results have come in slightly below OCBC Investment Research’s (OIR) expectations, the brokerage’s research team says it continues to “like” the REIT’s geographically-diverse portfolio and asset class mix.

The manager of Ascendas REIT (A-REIT) has reported distribution per unit (DPU) of 7.27 cents for 1H20 ended June, which represents a 10.8% decline from the DPU of 8.153 cents posted a year ago.

Ascendas REIT (A-REIT) remains one of the most defensive industrial REITs due to its diverse assets, and predominant exposure to the business parks sector, says RHB analyst Vijay Natarajan in a Thursday report.

A-REIT says the consideration, which includes the cost of the land and the development, is said to be 19.8% lower than the “as if complete” market valuation of the property, which is at A$29.3 million as at June 30.

The manager of Ascendas REIT (A-REIT) has reported a “healthy operational performance” for 1QFY2020 ended March.

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