Ascendas REIT: Invest for yield
Ascendas REIT categories its properties into 5 key segments, namely:
• Business and Science Park
• Integrated Development Amenities and Retail (IDAR)
• Hi-Specs Industrial
• Light Industrial
• Logistics
It has roughly 103 properties in Singapore and 29 properties in Australia. The total asset size of its portfolio is around S$10.2 billion. About 81% of its asset by gross floor area is still in Singapore, which contributed about 86% of the total property value.
Ascendas REIT is sponsored by Ascendas-Singbridge Group, following Ascendas’ merger with Singbridge recently. The company is linked to the Singapore Sovereign Wealth Fund, Temasek Holdings.
Strong Growth Track Record
Ascendas REIT has a long track record of creating value for its unitholders. The trust has been increasing its distribution per unit for its investors at about 5.2% per annum for the past 14 years. Its manager has shown to be able to be good asset allocators when acquiring new properties for the REIT.
Ascendas REIT has a well-diversified portfolio of properties. Its properties are well distributed among different type of commercial and industrial properties. With more than 1390 tenants, its rental income is also well-diversified. Its top 10 customers only contribute about 20.8% of its gross rental income. Ascendas REIT’s top customer, Singapore Telecommunication only provides 4.8% of its overall rental income.
Ascendas REIT has maintained a relatively strong balance sheet in recent years. Its aggregate leverage is now at about 33.4%.
Ascendas Real Estate Investment Trust is trading around 1.20 times its book value and provides a 6.47% distribution yield for its investors.
• Business and Science Park
• Integrated Development Amenities and Retail (IDAR)
• Hi-Specs Industrial
• Light Industrial
• Logistics
It has roughly 103 properties in Singapore and 29 properties in Australia. The total asset size of its portfolio is around S$10.2 billion. About 81% of its asset by gross floor area is still in Singapore, which contributed about 86% of the total property value.
Ascendas REIT is sponsored by Ascendas-Singbridge Group, following Ascendas’ merger with Singbridge recently. The company is linked to the Singapore Sovereign Wealth Fund, Temasek Holdings.
Strong Growth Track Record
Ascendas REIT has a long track record of creating value for its unitholders. The trust has been increasing its distribution per unit for its investors at about 5.2% per annum for the past 14 years. Its manager has shown to be able to be good asset allocators when acquiring new properties for the REIT.
Ascendas REIT has a well-diversified portfolio of properties. Its properties are well distributed among different type of commercial and industrial properties. With more than 1390 tenants, its rental income is also well-diversified. Its top 10 customers only contribute about 20.8% of its gross rental income. Ascendas REIT’s top customer, Singapore Telecommunication only provides 4.8% of its overall rental income.
Ascendas REIT has maintained a relatively strong balance sheet in recent years. Its aggregate leverage is now at about 33.4%.
Ascendas Real Estate Investment Trust is trading around 1.20 times its book value and provides a 6.47% distribution yield for its investors.
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