Simons Trading Research

Ascendas REIT - Private Placement to Fund Inorganic Growth

simonsg
Publish date: Fri, 07 Sep 2018, 09:32 AM
simonsg
0 3,868
Simons Stock Trading Research Compilation
  • Ascendas REIT has announced a private placement to raise S$452m to part-fund a new acquisition in UK and development project in Singapore, as well as to pare down debt.
  • Portfolio size is expected to increase to S$11.4bn post transactions.
  • Gearing would be slightly higher at 37.7% after acquisitions and placement exercise.

Source: CGS-CIMB Research - 07 Sep 2018

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment