Ascendas REITCompany Review & Valuation

A17U
Singapore Exchange
Latest Price
2.93SGD
Market Capitalization
12.20bSGD

About Ascendas Real Estate Investment Trust

Ascendas Reit is Singapore's first and largest listed business space and industrial real estate investment trust. As at 30 June 2018, total assets were about S$10.4 billion, comprising 99 properties in Singapore and 33 properties in Australia. The portfolio includes business and science park/suburbaShow more n office properties, hi-specs industrial properties, light industrial properties, logistics and distribution centres, integrated development, amenities and retail properties. These properties house a tenant base of around 1,310 international and local companies from a wide range of industries and activities, including research and development, life sciences, information technology, engineering, light manufacturing, logistics service providers, electronics, telecommunications, manufacturing services and back-room office support in service industries. Major tenants include Singtel, DSO National Laboratories, DBS, Citibank, Wesfarmers, JPMorgan, Ceva Logistics and Biomedical Sciences Institutes, to name a few. Ascendas Reit is listed in several indices. These include the FTSE Straits Times Index, the Morgan Stanley Capital International, Inc (MSCI) Index, the European Public Real Estate Association/National Association of Real Estate Investment Trusts (EPRA/NAREIT) Global Real Estate Index and Global Property Research (GPR) Asia 250. Ascendas Reit has an issuer rating of "A3" by Moody's Investors Service. Ascendas Reit is managed by Ascendas Funds Management (S) Limited, a wholly-owned subsidiary of the Singapore-based Ascendas-Singbridge Group. Ascendas REIT Australia and its sub-trusts, are managed by Ascendas Funds Management (Australia) Pty Ltd, which is a wholly-owned subsidiary of Ascendas Funds Management (S) Limited. Show less

Industry
REIT - Industrial
HQ Location
Singapore

Stock Price

Price data not available for Ascendas REIT.

Performance

Please login or create a free account to view the contents of this section.

Similar Companies

back to top