Ascendas REIT (A-REIT) is the first industrial REIT listed on the SGX. It owns a portfolio of business & science park properties, high-specification industrial properties, data centres, light industrial properties, flatted factories, integrated development amenities & retail properties, and logistics & distribution centres located across Singapore, Australia, and the UK.
Presently, A- REIT is worth S$9.5 billion in market capitalisation and is, thus, the largest industrial REIT in Singapore. In this article, I’ll cover its recent developments in 2019, latest annual results, and stock valuation.
Here are 13 things to know about Ascendas REIT before you invest:
1. A-REIT’s portfolio value grew 10.1% year-on-year from S$10.1 billion in 2018 to S$11.1 billion in 2019.
Source: Ascendas REIT 2019 annual reportGrowth was mainly attributed to the acquisition of new investment properties in Australia and the UK, the completed redevelopment of 20 Tuas Avenue 1, and asset enhancement initiatives
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