Ascendas REIT to Acquire 12 British Properties

News about CapitaLand Ascendas REIT

Ascendas REIT has entered into an agreement to purchase 12 logistics properties in the United Kingdom.

The proposed acquisition will be funded through pound sterling-denominated loans, it added, as a natural hedge against foreign exchange risk.

CapitaLand Ascendas REIT
Price2.640 SGD
NAV2.190 SGD
Yield (4 quarters)5.74%
Gearing38.3%