|Bid||3.0300 x 0|
|Ask||3.0400 x 0|
|Day's range||3.0000 - 3.0400|
|52-week range||2.8300 - 3.2566|
|Beta (5Y monthly)||0.46|
|PE ratio (TTM)||22.86|
|Earnings date||02 Aug 2021|
|Forward dividend & yield||0.08 (2.52%)|
|Ex-dividend date||10 Aug 2021|
|1y target est||3.53|
Photo credit: Ascendas REITSINGAPORE (EDGEPROP) - The manager of Ascendas REIT (A-REIT) has on June 3 entered into two separate agreements for the sale of two logistics properties located in Brisbane and one logistics property in Melbourne for a total sale price of A$125.1 million ($128.7 million). (See: Ascendas Reit to acquire remaining 75% interest in Galaxis for $534.4 mil)The manager states that the divestments are in line with its asset management strategy to improve the quality of the REI
* Graphic: World FX rates http://tmsnrt.rs/2egbfVh * Graphic: Foreign flows into Asian stocks https://tmsnrt.rs/3f2vwbA * South Korean shares down 1.8%, eye worst day since March 9 * Malaysia imposes COVID-19 curbs as infections spike * Philippines detects cases of Indian virus variant By Rashmi Ashok May 11 (Reuters) - Tech-heavy equities in South Korea and Taiwan led losses in Asian markets on Tuesday as investors worried over a potential spike in inflation, while rising COVID-19 cases and curbs in other parts of the region further dampened sentiment. Data showed Philippines' gross domestic product (GDP) fell 4.2% in the March quarter from a year earlier, worse than the median estimate of a 3.0% contraction in a Reuters poll, though sequential output figures showed a recovery was underway .
Singapore's oldest industrial REIT powers on with yet another acquisition. The post 5 Reasons to Like Ascendas REIT’s Latest Acquisition appeared first on The Smart Investor.