Shares & Derivatives
Ascendas REIT Review @ 16 February 2021
By REIT-TIREMENT  •  February 16, 2021
Basic Profile & Key Statistics Ascendas REIT (AREIT) is a diversified REIT that invests in Business Park, Industrial, Logistics and Integrated Development Amenities and Retail (IDAR) properties. AREIT currently owns 200 properties across Singapore, U.S., Australia and England. Performance Review Gross revenue and NPI increased YoY by 2.5% and 7.8% mainly due to contributions from U.S. properties as well as 254 Wellington Road. Distributable income increased by 9.9% YoY but DPU decreased by 0.9% due to enlarged unitholders base. 4Q rental reversion at +2.5% while FY20 rental reversion at +3.8%. IDAR and U.S. business parks achieved double-digit positive rental reversion. AREIT has just completed 1-5 Thomas Holt Drive in January 2021. There are 3 proposed acquisitions of properties that are under development to be completed in between 2H 2021 and Mid 2022. There are development and AEI which 4 are expected to complete by 2021....
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By REIT-TIREMENT
I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...
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