Ascendas REIT

Ascendas REIT: Poised to hunt for further acquisitions given its comfortable debt position according to analysts. Comments came after A-Reit completed the acquisition of two properties on Thur that analysts said should deliver a net property income (NPI) yield of 7%. Acquisitions are expected to have an additional 0.1c/unit on the distribution per unit for FY11. By estimates, the latest purchases - which are funded by debt - will push the group's aggregate leverage to about 36% from under 32%.A-Reit can borrow an additional $350-$400m to fund acquisitions before it hits the 40 per cent mark in leverage terms.