Ascendas REIT (AREIT)

CGS-CIMB Research has upgraded AREIT to an “add” rating from “hold” and raised its target price to $3.20 from $3.12, previously.

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The best performer is Keppel DC REIT, up 16% year-to-date, followed by Mapletree Logistics Trust (MLT) and Ascendas REIT. While Keppel DC REIT is resilient because of its long weighted average lease expiries, and its double and triple net leases to data

AREIT defensive but unattractive valuation: RHB

SINGAPORE (Feb 7): The confluence of the 50-and 200-day moving averages at 3,220 is providing resistance for any rebound. On Feb 6, the Straits Times Index rebounded to 3,231 before falling below 3,220.

SINGAPORE (Nov 25): On Nov 1, Ascendas Real Estate Investment Trust (REIT) announced the proposed acquisition of 28 properties in the US and two business parks in Singapore for $1.66 billion from immediate parent Ascendas-Singbridge, now part of CapitaLan

SINGAPORE (Nov 16): The Straits Times Index peaked temporarily at 3,285, before retreating. At its current level of 3,238, the index has stayed above the 200-day moving average at 3,227 and the 100-day moving average at 3,208.

(Nov 18): Yields on 10-year Singapore Government Securities have been rising, albeit gently from a low base (see Chart 1). Similarly, yields on 10-year US Treasuries are also rising, from a low of 1.4% in September to 1.945% as at Nov 11 (see Chart 2). On

SINGAPORE (Oct 11): CGS-CIMB Research believes investors should “look for a lower entry point” when buying into Ascendas REIT (AREIT), despite being bullish on its growth prospects.

SINGAPORE (Oct 3): The manager of Ascendas REIT (AREIT) has agreed to purchase the freehold land and the subsequent development of the suburban office building in Melbourne, Australia, for A$110.9 million ($104.4 million).