Singapore Stock Market News

Ascendas REIT - Diversifying Out Of Hometown

StockFanatic
Publish date: Mon, 14 Dec 2015, 07:47 PM
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Rebounding occupancy holds potential earnings upside
Portfolio occupancy rates bottomed out in 3QCY15, increasing marginally to 88.9% (vs 88.6% in Jun-15). Looking ahead, with vacancy rates standing at c.11%, we believe that A-REIT has upside to earnings if the unoccupied space can be filled, which is not included in our earnings forecast.
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