Equity fund raising by Reits has become a trend recently. Following after Frasers Centrepoint Trust and Mapletree Logistics Trust, Ascendas Reit has announced on 10 Nov 2020 that it plans to acquire 2 freehold office buildings in San Francisco and a portfolio of data centres in Europe via a private placement and a preferential offering to raise funds of $1.2b. The 2 properties are situated in the epicentres of San Francisco's technology industry, with extensive connectivity to transportation links and in close proximity to rich amenities and attractions. This move is obviously by A Reit to ride on the emerging technology bandwagon in the US. 505 Brannan Street, PInterest Headquarters in San Francisco This acquisition is DPU accretive, NAV accretive, increases the WALE of AReit's properties portfolio and increases geographical diversification. On paper it looks good, but as usual, an announcement to raise equity for acquistions will always result in volatility in the share price of a Reit....