Since it hit a high of 2.9 at the beginning of the year, Ascendas REIT has declined 16% due to a combination of (a) the Iran war and (b) a poorly timed equity fundraise. He said, when life gives you lemons, make lemonade. The flip side is that this is an interesting opportunity to accumulate exposure to one of Singapore’s largest industrial REITs. Some of you have reached out asking for my thoughts on Ascendas REIT and the preferential offering, so I’d like to share my latest thoughts in this article.
Full disclosure – I hold a position at Ascendas REIT.
This is an FH Premium article that I am releasing to all readers in the hope that it will help you decide. It will not be updated from now on.
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