Morningstar - Ascendas Real Estate Investment Trust (A17U) AREIT Posts in line 1Q Result; Occupancy Level Improves

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Morningstar

Michael Wu

EUR 101.80 For Business Accounts Only

AREIT Posts in line 1Q Result; Occupancy Level Improves

No-moat Ascendas REIT posted higher first-quarter distribution per unit of SGD 0.0405, compared with SGD 0.0385 in the fourth quarter last year and in line with the same period last year. A one-off tax deferred distribution from Australia provided on uplift of SGD 0.0227 for the quarter. Revenue was up 2.7% in the first quarter compared with the same period last year, and up 2.1% against last quarter. The addition of Science Park Drive in Singapore and two properties in Australia lifted the resu...

28/07/2017 12 EN

Underlying

Ascendas Real Estate Investment Trust

Ascendas Real Estate Investment Trust is a business space and industrial real estate investment trust. Co.'s principal activity is to invest in a portfolio of properties and property related assets. Co.'s portfolio comprises the following segments: business and science parks, hi-tech industrial properties/data centres, light industrial properties/flatted factories, logistics and distribution centres, and warehouse retail facilities. As of Mar 31 2012, Co. had a portfolio of 101 properties in Singapore and one property in China that comprised a business park property in Beijing.

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SG1M77906915 Singapore Exchange Singapore

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Michael Wu

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AREIT Posts in line 1Q Result; Occupancy Level Improves

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