- CapitaLand Ascendas REIT (SGX:A17U)’s latest acquisition of good quality Singapore and Japan assets is positive, but the significant equity fundraising to fund the deal under the current challenging macro environment is likely to pose a near-term overhang to CapitaLand Ascendas REIT's share price.
- - Read this at SGinvestors.io -
- Nonetheless, we still see CapitaLand Ascendas REIT as the best large-cap proxy to diverse Singapore industrial market exposure, offering resilience amid the ongoing market turbulence.
Acquisition of S$1.4bn worth of portfolio assets
- - Read this at SGinvestors.io -
- CapitaLand Ascendas REIT (SGX:A17U)’s latest acquisition of good quality Singapore and Japan assets is positive, but the significant equity fundraising to fund the deal under the current challenging macro environment is likely to pose a near-term overhang to CapitaLand Ascendas REIT's share price.
- CapitaLand Ascendas REIT has also earmarked more assets for redevelopment, weighing on DPU.
- Nonetheless, we still see CapitaLand Ascendas REIT as the best large-cap proxy to diverse Singapore industrial market exposure, offering resilience amid the ongoing market turbulence.
- CapitaLand Ascendas REIT announced the acquisition of S$1.4bn worth of portfolio assets, comprising of
- Read more at SGinvestors.io.
