CapitaLand Ascendas REIT's share price has fallen by more than 10% year-to-date. We look at its latest business update to find out if the REIT is now a bargain. What happened? The share price of Singapore REITs have been fairly weak recently. For example, I shared earlier than Keppel DC REIT is trading close to its one-year low after cutting its dividends for the first quarter of 2024. This comes amidst the expectation that the Fed will keep interest rates higher for longer as inflation remains persistent. Singapore REITs continue to report their first quarter operational updates, and some investors asked about the performance of CapitaLand Ascendas REIT. After all, CapitaLand Ascendas REIT was one of the most resilient REITs with positive share price returns in 2023. However, CapitaLand Ascendas REIT’s share price has declined by 13% year-to-date to reach S$2.59 as of 23 April. In this post, I shall be diving deeper into its latest business update to find...