Ascendas REIT Selling 3 Australian Properties

News about Ascendas REIT

Ascendas REIT is announcing the sale of three Australian logistics properties for a total amount of A$125.1 million:

The sale price is around 16.8 per cent higher than the total market valuations of the properties of A$107.1 million as at Dec 31, 2020. The divestments are expected to be completed by Q3 this year, said the Reit's manager in a statement on Thursday.

Ascendas REIT
Price2.990 SGD
NAV2.200 SGD
Yield (4 quarters)4.91%
Gearing38.0%