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Any investment involves the taking of substantial risks, including (but not limited to) complete loss of capital. : Get the latest Ascendas Real Estate Investment Trust Real Estate Investment Trust stock price and detailed information including news, historical charts and realtime prices. This pushed the REIT’s aggregate leverage from 37.1% as at 31 April 2008 to a high of 42.2% at 31 Dec 2008.Faced with a need to recapitalise and pare down debt, the REIT took the difficult step to raise equity funds through a private placement at 7% of volume weighted average price and a 1 for 15 preferential offering. Companies benefit from freeing up large sums of capital stuck in their properties, while A-REIT benefits from yield accretive acquisitions and DPU increases. Ascendas REIT’s Debt Profile. In the 2nd of a 2-part analysis, we dive into A-REIT’s financial health, their latest quarterly financial report, and their upcoming future plans. However, WALE has pared down since IPO in line with SIngapore industry trends. The Singapore portfolio has the lowest WALE of 3.8 years, followed by Australia with 4.5 years and finally the UK with 9.3 years.The REIT has averaged a WALE of 4.75 years since IPO. While these fund raisings have largely not been DPU dilutive, just something to keep in mind when investing in the REIT.As you may know, Capitaland and Ascendas-Singbridge in the process of finalising their merger.
Iconic examples of these developments include the Courts Megastore and Giant Hypermart in Tampines.Being pioneers in this space, A-REIT had first mover advantage with limited competition from other players in bidding for properties / projects. In this article, I’ll cover its recent developments in 2019, latest annual results, and stock valuation. That said, they have a long history of raising capital from the equity markets.
As one of the pioneers of the S-REIT sector, A-REIT has grown from its humble IPO portfolio of 8 properties to its current portfolio size of 171 properties. As at 31 March 2020, the REIT’s debt profile is as follows (with CEO Mr Tan’s comments in brackets): Aggregate leverage: 36.2% (there still remains a debt headroom of about $3.8b before it reaches the 50.0% aggregate leverage limit) Weighted tenure of debt: 3.8 years; Average all-in cost of debt: 2.9% Co-founded DividendVault.com, an online membership site that empowers retail investors to build a stock portfolio that pays rising dividends year after year in Malaysia and Singapore. The Singapore portfolio is largely well diversified in terms of asset type and takes up 79% of the overall portfolio. Every investor has different strategies, risk tolerances and time frames. Regular host and presenter of a weekly financial webinar with KCLau.com. See Ascendas Reit (A17U.SI) stock analyst estimates, including earnings and revenue, EPS, upgrades and downgrades.
It was through this task force that Ascendas found their venture partner Macquarie Goodman Industrial Management.As such, when A-REIT came public in 2002, it was actually backed by a joint venture between Ascendas and Australia listed Macquarie Goodman (now known as Goodman Group).In the early years, A-REIT pioneered the sale and leaseback, and build-to-suit programmes to aggressively grow the REIT.The sale and leaseback programme’s strategy was to purchase HQs and properties from companies and lease them back to the companies. Here are some key financial numbers from the REIT’s fiscal first-half earnings (six months ended 30 June 2020): Gross revenue: Up 14.6% year …
The REIT has traded between the range of roughly 0.7 to 1.4 times its book value for the past decade. Find the latest Ascendas Reit (A17U.SI) stock quote, history, news and other vital information to help you with your stock trading and investing. Growth since then has been much more moderated, probably due to maturity of the Singapore industrial market. A-REIT is managed by Ascendas Funds Management (S) Limited, a wholly owned subsidiary of the Singapore-based Ascendas-Singbridge. The only time where they made significant missteps was during the GFC whereby they raised equity which was dilutive to DPU and NAV. A-REIT is Singapore’s first and largest listed business space and industrial real estate investment trust. Rarely a year goes by without some form of equity fund raising, be it through private placements or preferential offerings.
Get up to speed with this Quick-Start Manual that'll show you how to be profitable in the stock market - Written in simple English that's extremely easy to understand, yet packs plenty of valuable profit strategies every investor must know...Get up to speed with this Quick-Start Manual that'll show you how to be profitable in the stock market - Written in simple English that's extremely easy to understand, yet packs plenty of valuable profit strategies every investor must knowGet up to speed with this Quick-Start Manual that'll show you how to be profitable in the stock market - Written in simple English that's extremely easy to understand, yet packs plenty of valuable profit strategies every investor must knowGet up to speed with this Quick-Start Manual that'll show you how to be profitable in the stock market - Written in simple English that's extremely easy to understand, yet packs plenty of valuable profit strategies every investor must knowThe Fifth Person believes in spreading a message -- that sound investment knowledge, financial literacy, and intelligent money habits can help millions of people around the world achieve financial independence and lead better lives for themselves and their loved ones.Our company and the knowledge we share here is born of that vision.
Source: Ascendas REIT annual reports 2. Recognising this, Ascendas established a task force and visited Sydney to talk to the established players over there as the ASX had experience with listed property funds. The path forward taken by the REIT seems to be overseas expansion and rejuvenation / slow divestment of its Singapore portfolio.
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