HelenJanet
2023-02-07

I am bullish on $ASCENDAS REAL ESTATE INV TRUST(A17U.SI)$ as it is one of Singapore's most reputable REITs. Backed by Temasek-owned CapitaLand Investment Limited (SGX:9CI), the REIT is the first and largest industrial REIT in Singapore, in addition to being a constituent of Singapore's blue-chip Straits Times Index (STI) with a weightage of 2.7%.

The REIT currently offers an attractive yield of 5.33% based on the share price of S$2.90, which is one of the highest amongst the Singapore REITs.

Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. CapitaLand Investment Limited is currently the largest shareholder, with 18.07% of shares outstanding.

$ASCENDAS REAL ESTATE INV TRUST(A17U.SI)$ is one of my favourite reits as I have earned some profits from trading and also have received quite alot of dividends from it too. It is a good share to hold as a long term investment.

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