Skip to Content

Ascendas Real Estate Investment Trust Units Real Estate Investment Trust A17U

Rating as of

Morningstar’s Analysis

Valuation
Currency in SGD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

AREIT Proposes Acquiring Remaining 75% Stake in Galaxis; Shares Slightly Undervalued

Cheng Wee Tan Senior Equity Analyst

Analyst Note

| Cheng Wee Tan |

Following through on the trust’s 25% stake in Galaxis at the end of the first quarter of 2020, Ascendas Real Estate Investment Trust, or AREIT, proposes to acquire the remaining 75% stake in the asset from its sponsor for SGD 534.4 million. In conjunction with the proposed acquisition, AREIT would be part-funding the acquisition with an equity placement to raise gross proceeds of SGD 420 million at an issue price of 2.944 per unit, at the low end of the issue price range. Based on the trust’s initial estimate, AREIT would also be making an advanced distribution of about SGD 5.63 cents per unit accrued prior to the listing of the new units expected to be on May 14, 2021.

Read Full Analysis

Company Profile

Business Description

Ascendas Real Estate Investment Trust is a real estate investment trust focusing on the industrial and business space. Its property portfolio consists of 209 properties, including 37 properties in Australia, 49 properties in Europe, and 30 properties in the U.S. The property types encompass business and science parks, high-specification industrial properties, data centers, light industrial properties, logistics and distribution centers, integrated development, amenities, and retail properties. The trust is externally managed by parent Ascendas Singbridge, which owns a 20% stake in the trust.

Contact
168 Robinson Road, No. 30-01 Capital Tower
Singapore, 068912, Singapore
T +65 67132888
Sector Real Estate
Industry REIT - Industrial
Most Recent Earnings Dec 31, 2019
Fiscal Year End Dec 31, 2021
Stock Type
Employees 36

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

  • Verify your identity, personalize the content you receive, or create and administer your account.
  • Provide specific products and services to you, such as portfolio management or data aggregation.
  • Develop and improve features of our offerings.
  • Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.