I initiated a position in Ascendas Reit in Nov 2019 after selling Singtel. Back then, there was equity fund raising by Ascendas Reit to purchase 30 business parks in US. I also subscribed to the preferential offering shares and then added more shares to accumulate 8,000 shares. Fast forward one year, it is time for another Equity fund raising by Ascendas Reit. See related post: Another Equity Fund Raising of an S Reit to milk my war chest Although the share prices of industrial Reits seem weak recently, the share price of Ascendas Reit did not fall much below the Preferential Offer price of $2.96. Based on recent experiences of FCT and MLT's equity fund raising, there is decent possibility of further share price weakness of Ascendas Reit as the next dividend is still months away and there is no catalyst in the short term. Nonetheless, Ascendas Reit is a...