Friday, 6 May 2016

Ascendas REIT - UOB Kay Hian 2016-05-06: 4QFY16 ~ Strategic Expansion Of Business Park Footprint

Ascendas REIT - UOB Kay Hian 2016-05-06: 4QFY16 ~ Strategic Expansion Of Business Park Footprint ASCENDAS REAL ESTATE INV TRUST ASCENDAS REIT A17U.SI 

Ascendas REIT (AREIT SP) - 4QFY16: Strategic Expansion Of Business Park Footprint 

  • Results in line with expectations. 
  • Despite positive rental reversions booked, management continues to guide for moderate rental reversions going forward, flagging the challenging leasing environment to contend with. 
  • Watch out for potential dilution (< 5%) in 4QFY16 DPU on book closure date should AREIT’s S$300m ECS be fully exercised. 
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