Ascendas REIT Sells Changi Property

News about Ascendas REIT

Ascendas REIT is announcing the sale of a two-storey ramp-up warehouse, No. 25 Changi South Street 1, in Singapore:

The proposed sale price of S$20.3 million is 14.0% higher than the original purchase price of S$17.8 million and 2.0% higher than the market valuation of the Property of S$19.9 million as at 31 December 2019. The Proposed Divestment is not expected to have any material effect on Ascendas Reit's net asset value and distribution per Unit for the financial year ending 31 December2020

Ascendas REIT
Price2.780 SGD
NAV2.130 SGD
Yield (4 quarters)5.63%
Gearing35.1%