Ascendas REIT (A-REIT), Ascott Residence Trust (ART) and Ascendas India Trust (a-iTrust), which are all owned by CapitaLand Investment, have changed their names with effect from Sept 27.A-REIT will now be known as CapitaLand Ascendas REIT (CLAR) with a new counter name, CapLand Ascendas REIT. The RE...

In 2021, CapitaLand privatised its development business, leaving CapitaLand Investment (CLI) as the sponsor of its four REITs and two property trusts. Of these six vehicles, five are listed in Singapore. Among them are Singapore’s largest and Asia Pacific’s third-largest REIT, CapitaLand Integra...

Singapore REITs command a significant presence in the Singapore stock market. Representing more than 10% of the total market value of Singapore-listed stocks, and more than 20% of the day-to-day turnover, these are considerably higher levels than what REITs maintain on a global scale. Colloquially k...

DBS’s Derek Tan and Dale Lai have maintained their “buy” call and target price of $1.70 on Ascendas India Trust (a-iTrust), noting the REIT’s increased DPU and stronger performance for its 1HFY2022 ended June.a-iTrust reported a 2% y-o-y rise in DPU to 4.28 cents, forming 51% of DBS’s full...

The manager of Ascendas India Trust (a-iTrust) has reported a distribution per unit (DPU) of 4.28 cents for the 1HFY2022 ended June, 2% higher than the DPU of 4.20 cents in the same period the year before.On a h-o-h basis, the REIT’s DPU increased by 19% from the DPU of 3.60 cents in the 2HFY2021 ...

ASCENDAS India Trust (a-iTrust) on Monday (Aug 1) posted a S$0.0428 distribution per unit (DPU) for H1 ended June, up 2 per cent from the previous year, thanks to an increase in occupancy in major tech parks.

The manager of Ascendas India Trust (a-iTrust) has entered into a forward purchase agreement with the Casa Grande Group to acquire two industrial assets, or Phase 2 of the Casa Grande project, located at Mahindra World City, Chennai. The trust will also provide funding for the development of the Pha...

ASCENDAS India Trust has entered into a forward purchase agreement for 2 industrial properties in Mahindra World City in Chennai on the eastern coast of India.

ASCENDAS India Trust (a-iTrust) reported a 4 per cent increase in net property income for its first quarter ended March 2022 on the back of higher total property income.

Are mergers good for investors?As the S-REIT market evolves, M&A activity has increased in line with other mature REIT markets. Within each market, sponsors/REIT managers may execute M&A differently that best leverages on their strengths. Regardless of the differences, sponsors would take ca...

Missteps along the wayThat CLI has managed to outperform the Straits Times Index and other real estate-based companies, including developers, is a credit to the foresight of its current management team. It was not always like this.In 2014, CapitaLand divested Australand which was focused on logistic...

ASCENDAS India Trust (a-iTrust) on Thursday (Mar 24) entered into definitive agreements to acquire a 330,000 square foot warehouse in Panvel, Navi Mumbai, for 2.2 billion rupees (S$38.7 million).

Similar to these six warehouses, the seventh warehouse will also be leased and operated by a subsidiary of the group for a period of six years. The acquisition of this warehouse is expected to be completed shortly.“The acquisition enables a-iTrust to further expand its presence in the logistics se...

DBS Group Research and Jefferies on Thursday (Jan 27) lowered their target price (TP) for Ascendas India Trust to S$1.70 and S$1.65 respectively, from a previous TP of S$1.80.

DBS Group Research and Jefferies on Thursday (Jan 27) lowered their target price (TP) for Ascendas India Trust to S$1.70 and S$1.65 respectively, from a previous TP of S$1.80.