TL;DR
AREIT has seen strong operational performance with improving occupancy and growing rents. It has healthy debt levels with a high proportion of its borrowing at hedged to fixed interest rates. AREIT is taking active steps to mitigate the impact of higher electricity prices. There is also a fairly high level of natural hedge for its foreign currency exposure. At its current price of S$2.93, AREIT offers a dividend yield of 5.2%.
During our recent webinar at SIAS Weekly Update, we were asked about our thoughts on Ascendas REIT (AREIT).
This came after we shared about Keppel DC REIT and Digital Core REIT, which we had written about recently.
It seems like some REIT investors think that AREIT is the most defensive of the three.
So let us take a look at whether that’s really the case.
Before we start, let’s do a short introduction about AREIT for those who might not be
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