Tuesday, 6 December 2016

Ascendas Reit: Acquisition of new properties to boost DPU

AREIT is a very strong fundamental Reit. The management is very strong and they are constantly looking for new properties for acquisition to boost DPU.

Areit has announced the proposed acquisition of DSO National Laboratories buildings and DNV GL Technology Centre, located at 12, 14 & 16 Science Park Drive for a purchase consideration of S$420.0 million from Ascendas Land (Singapore) Pte Ltd.  The acquisition of two properties will increase future DPU and this is a good news for retail investors.

The Reit is now trading above 20days MA and testing the resistance of 50 days MA. The price/NAV is 1.1672 @ a yield of 6.08.  Waiting for opportunity to buy more lots for passive income.

Credit: Chartnexus

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