Transferring Coverage of AREIT With SGD 2.45 FVE; 3Q Fiscal 2018 Slightly Below Expectations
We are transferring coverage of Ascendas Real Estate Investment Trust, or AREIT, with no-moat and stable moat trend ratings, along with a fair value estimate of SGD 2.45 per unit. Our fair value estimate implies a P/E ratio of 15.1 times and an enterprise value/EBITDA ratio of 18.8 times in fiscal 2018 (March year-end). Ascendas’s third-quarter fiscal 2018 results were slightly below our expectations. Net property income increased by just 1.7% year over year to SGD 157.6 million, while gross rev...
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.