Ascendas REIT Review @ 19 August 2022
By REIT-TIREMENT  •  August 19, 2022
Basic Profile & Key Statistics
Main Sector(s): Office, Industrial & LogisticsCountry(s) with Assets: Singapore, United States, Australia, England, Netherlands, France, SwitzerlandNo. of Properties (exclude development/associate/fund): 228
Key Indicators

Performance Highlight
Gross revenue, NPI, DI and DPU increased yoy mainly due to contributions from 11 data centres in Europe, the remaining 75% interest in Galaxis, 11 logistics properties in U.S. and 2 logistics properties in Australia which were acquired in between 2021 March to 2022 Jun.

Rental Reversion
The rental reversion is at 13.2% for 2Q 2022 and 9.4% for 1H 2022.

Completed Acquisition/Developments/AEI
In 1H 2022, AREIT completed the acquisition of 9 logistics properties. Redevelopment of UBIX is completed in Jan and AEI for Changi Logistics Centre is completed in Apr. On 4 Aug, AREIT has announced for acquisition of Philips APAC Center in Singapore which is targeted to complete acquisition by 2H 2022.

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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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