by: Tam Ging Wien
All examples and stocks quoted here in this article and on the ProButterfly.com and REITScreener.com site are for learning purposes; it does NOT constitute financial advice or a Buy/Sell recommendation. Contents are reflective of personal views and readers are responsible for their own investments and are advised to perform their own independent due diligence and take into account their own financial situation. If in any doubt about the investment action you should take, you should consult a professional certified financial adviser.
Ascendas REIT (A17U.SI) or A-REIT for short, closed the week at $3.17 on Thursday just before a trading halt kicked in on Friday morning (01-Nov-2019). A-REIT announced that it would propose to acquire a total of 30 business park assets from its parent CapitaLand Ltd (CapLand) for a total of S$1.66bil (US$1.22bil).
The properties comprise of 28 freehold offices located across six business parks in San Diego, California (8