The Largest Industrial S-REIT Creating Waves!
$ASCENDAS REAL ESTATE INV TRUST(A17U.SI)$has been making its investors really happy with its good performance in H1 2022. Improved occupancy rates, rental reversions and last but not least a growth in DPU!
It is on track to deliver a 4.6% increase in DPU in2022. This is definitely a good news for investorsas now they stand to enjoy a better stream of dividend income from Ascendas REIT.
So what is Ascendas REIT doing right to achieve such good results? It seems like the company has been making strategic acquisitions across the globe in the past year including but not limited to 11 data centres in Europe and 7 logistical properties in Chicago. This has largely contributed to its improved revenue to H1 2022.
Watch this space as I will cover more S-REITS aswe go along!
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