Ascendas REIT - Maybank Kim Eng 2016-05-08: It’ll be tough before it gets better
Ascendas REIT ASCENDAS REAL ESTATE INV TRUST A17U.SI Ascendas REIT (AREIT SP) - It’ll be tough before it gets better
Full-year results. Accumulate on weakness.
- Full-year results were expectedly strong from occupancy growth and acquisitions.
- The year ahead will be about maintaining occupancy in the face of a weak economy. Investors should accumulate AREIT on market weakness as from 2017 onwards supply will start to tighten, and there could be distribution per unit growth from spare capacity.
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