Morningstar - Ascendas Real Estate Investment Trust (A17U) AREIT Ventures Into the U.K. With Acquisition of Logistics Properties; FVE Raised to SGD 2.55

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Morningstar

Ken Foong

EUR 100.00 For Business Accounts Only

AREIT Ventures Into the U.K. With Acquisition of Logistics Properties; FVE Raised to SGD 2.55

Ascendas Real Estate Investment Trust has announced that it will acquire a portfolio of 12 logistics properties in the U.K. for GBP 207.3 million, or approximately SGD 373.2 million. We have adjusted our forecasts accordingly and increased our fair value estimate to SGD 2.55 per unit (from SGD 2.50). Our no-moat and stable moat trend ratings are intact. The properties have an average occupancy rate of 92% spread over nine tenants, which includes DHL and wide-moat Amazon.com. If we include the tw...

27/07/2018 13 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

Ken Foong

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AREIT Ventures Into the U.K. With Acquisition of Logistics Properties; FVE Raised to SGD 2.55

REITs – Singapore: S-REITs Monthly Update (Mar 23)

Strategy - Alpha Picks: Adding OCBC, LREIT, AZTECH and SMM While Taking Profit On GENS

REITs - S-REITs Monthly Update (Feb 23)

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Sasol Provides Full-Year Production Update

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