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Ascendas REIT ASCENDAS REAL ESTATE INV TRUST A17U.SI Ascendas REIT - Positioned for steady growth
- FY16 DPU of 15.36 Scts (+5.2% yoy) met consensus and our forecasts at 102% of our FY16F.
- 4QFY16 DPU of 3.41 Scts (-8.1% yoy) formed 23% of our FY16F.
- Buoyed by acquisitions, income available for distribution rose 7.7% yoy for 4QFY16. Booked a net revaluation loss of S$6.9m, mainly due to Australia.
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