Ascendas REIT to Buy Seven Chicago Properties

News about Ascendas REIT

Ascendas REIT is announcing the acquisition of a portfolio of seven logistics properties in Chicago, USA. At a price of US$99.0 million or S$133.2 million, the assets are 100% occupied with a WALE of 5 years spread over 12 tenants.

The manager expects the transaction to be slightly DPU accretive thanks to a NPI of 5.1% after transaction costs.

Ascendas REIT
Price2.710 SGD
NAV2.310 SGD
Yield (4 quarters)5.63%
Gearing36.8%