https://www.fool.sg/2019/01/23/2-singapore-listed-reits-with-overseas-assets-i-am-watching-this-week/https://www.fool.sg/2019/01/14/capitaland-limited-to-buy-ascendas-singbridge-in-s11-billion-deal/Ascendas India Trust (SGX: CY6U), which owns seven IT parks and six warehouses in India, has been riding on the coattails of India’s economic growth. It continued its winning streak of earnings growth in the September to December third quarter. Higher interest income, better performance in existing properties and a one-off tax benefit helped to boost distribution per unit by 25%. Here are some of the key highlights from the trust’s earnings update for the latest quarter. The numbers for the quarter In Indian rupee terms Total property income increased 6.0% to ₹2,361 million Net proper

Earnings season is well and truly upon us. In an earlier article, I highlighted two Singapore-based REITs that Foolish investors should keep an eye on. Besides those, there are two trusts with their assets predominantly overseas that will have my interest when they release their earnings updates this week. Banking on one of the fastest growing economies in the world Ascendas India Trust (SGX: CY6U) is one of just two Singapore-listed trusts that invest primarily in real estate in India. India is the fastest growing large economy in the world, exceeding even that of China. Ascendas India Trust, with its portfolio of IT parks and warehouses in key cities in India, is, therefore, expected to ride on the coattails of economic tailwinds. In the last quarter, on a constant currency basis, the

By now, many of you would have seen the numerous news articles and commentary pieces on CapitaLand’s $11 billion acquisition of Temasek’s subsidiary, Ascendas-Singbridge. This combined entity creates Asia’s largest diversified real estate group and a global top 10 real estate investment manager, with over $116 billion of assets under management (AUM), including logistics/business parks, industrial, lodging, commercial, retail and residential spaces, in more than 180 cities across 32 countries. CapitaLand Share Price CapitaLand’s share price is currently $3.30, up about 7.5% since the start of the year. In contrast, the broader market, the Straits Times Index (STI) is only up about 5.1% since the start of the year. Source: StockFacts In addition, here’s what the brokerage housesâ€

CapitaLand Limited (SGX: C31) has set its sights to be the largest real estate investment manager in Asia. This morning, CapitaLand revealed that it has entered into a deal with Temasek, one of the Singapore government’s investment arms, to fully acquire Ascendas Pte Ltd and Singbridge Pte Ltd. The duo, which are collectively known as Ascendas-Singbridge, are subsidiaries of Temasek. The deal is valued at S$11 billion and is subject to approval by CapitaLand’s shareholders at an Extraordinary General Meeting (EGM) to be convened later this year. If approved, CapitaLand would become Asia’s largest diversified real estate group. More on Ascendas-Singbridge Ascendas-Singbridge is a leading provider of business space solutions in Singapore. The Ascendas arm owns business space, industr

Against the backdrop of a rising interest rate environment, REITs seem to be one of the obvious losers. This is because REITs are asset-heavy investments that require high levels of leverage, borrowing substantial amounts of money to purchase properties that they subsequently rent out. Read Also: Increasing Interest Rates In 2018: Here Are 4 Ways Singaporeans Will Be Affected In Singapore, there are currently 39 listed REITs and a further nine business trusts (of which six are property related). On average, they have a debt to asset ratio of just under 35%. With rising interest rates, REITs will have to fork out more in interest payment, potentially reducing the distributions they can pay to investors. How REITs Have Performed In YTD 2018 To gauge the performance of REITs in 2018, we can l