Friday, August 31, 2012
Ascendas REIT: Mapletree Log Trust, Cambridge and Ascendas REIT are their 52 wk high. Seems that the industrial REIT sector might be seeing some inflows. This could due to the higher yield and more defensive nature of REITs. Ascendas also entered into a sale of its property Block 5006 Techplace II to Venture Corp at $38m. Was highlighted by us a couple of days ago. This will lower DPU by 0.01c but shld be at a favourable sale price given the offer was unsolicited.