SINGAPORE (Feb 11): The trustee-manager of Ascendas India Trust (a-iTrust) is acquiring two warehouses in a logistics park at Khurja, Uttar Pradesh. These are a 190,000sf facility in the Free Trade Warehousing Zone (FTWZ) of a logistics park developed by seller Arshiya and a 120,000sf warehouse loc...

SINGAPORE (Jan 25): Jefferies is keeping its “buy” call on Ascendas India Trust (a-iTrust) with a target price of $1.20 amid continued distribution per unit (DPU) growth. This comes after a-iTrust on Thursday declared DPU of 2.05 cents for the 3Q18/19 ended December, 25% higher than a year ago,...

THE following companies saw new developments that may affect trading of their shares on Friday:

HIGHER interest income from investments, a rise in net property income and a one-off tax benefit lifted results for IT park owner Ascendas India Trust (a-iTrust) in its third quarter despite a depreciating Indian rupee.

SINGAPORE (Jan 24): The trustee-manager of Ascendas India Trust (a-iTrust) has declared distribution per unit (DPU) of 2.05 cents for the 3Q18/19 ended December, 25% higher than a year ago. The increase came despite an enlarged equity base of 97.4 million units through the private placement in Febr...

SINGAPORE (Jan 15): CapitaLand on Monday announced it is acquiring all the shares in two subsidiaries of Ascendas-Singbridge (ASB) from Temasek for $11 billion to create the largest diversified property group in Asia. However, the deal is still subject to an extraordinary general meeting (EGM), whi...

SINGAPORE (Nov 26): On Oct 30 and 31, Manulife US Real Estate Investment Trust (MUST) fell sharply to a low of 69.5 US cents, but rebounded on Nov 1. Its decline followed a protracted fall by Keppel-KBS US REIT (KORE), from 73 US cents on Oct 16 to a low of 53 US cents on Nov 5. KORE has since sta...

Submitted By:  Luz Wendy Noble Case Study:  No Ascendas India Trust saw the biggest return of 6.9%. The top five in the 10 best-performing REIT constituents in the ...