Bought 3100 shares of Ascendas REIT at $2.91 on 8 Mar.

Reason for buying:

1) 5% dividend yield

2) Lower than the Preferential Offering (PO) price of $2.96 in Nov 2020

3) Dropped 21% from 52w high $3.65

4) Better safety margin compare to its competitors

     Company                   Dividend %      Price/Book (PB)

Ascendas REIT                     5%                       1.3

Keppel DC REIT                 3.4%                     2.2

Mapletree Ind Trust            4.4%                     1.5      

5) Ascendas REIT is under CapitaLand Group