I got quite interested in this recent Ascendas REIT acquisition down under. Ascendas REIT is one of the biggest REIT in Singapore and one the oldest REIT in Singapore.
Since its listing in early 2002, their XIRR is 16%, while for the past 10 years the XIRR is about 6.77%.
It is currently priced at $2.30 and yields 6.2%.
Ascendas REIT owns the largest portfolio of industrial properties mainly in Singapore and now have some footprints overseas. To see how its dividend yield and debt leverage compares against other industrial REITs, REITs and dividend yielders, you can keep book mark my daily updated Dividend Stock Tracker here.
Ascendas proposed an acquisition of 26 logistics properties in Australia which belongs to Frasers Property Australia and the real estate arm of Singapore’s GIC. The total value is A$1.013 billion.
This acquisition is big. Consider the current value of ......