![Ascendas REIT - CIMB Research 2016-05-06: Positioned for steady growth Ascendas REIT - CIMB Research 2016-05-06: Positioned for steady growth](https://1.bp.blogspot.com/-LoRqmhKKQjE/Ve-gj_Ml5GI/AAAAAAAAB9I/f10PH8wWy54/s1600/ascendas%2Breit%2B2.png)
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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