Shares & Derivatives
Key Pointers to Take Note of in Ascendas REIT’s Q1 FY2022 Business Update (and My Thoughts about Them)
By InvestingNote  •  May 9, 2022
Ascendas REIT (SGX:A17U), Singapore’s first and largest-listed business space and industrial REIT (with its portfolio comprising 96 properties in Singapore, 34 properties in Australia, 49 properties in the United Kingdom/Europe, and 41 properties in the United States, along with a customer base of more than 1,500 international and local companies from a wide range of industries and activities), have made available its business update for the first quarter ended 31 March 2022 after market hours today (04 May 2022.) As the REIT is no longer mandated to report its full financial statements on a quarterly basis, no such figures were reported for the current quarter under review. Also, the REIT have also switched to paying out a distribution on a half-yearly basis (as such, there are no distributions declared for the current quarter under review too.) For the current quarter under review, only updates about its portfolio occupancy and debt profile were made available (where I will be comparing them against the stats reported in the...
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