Ascendas Reit Financial Results Ending 31 Mar 2017

“Our disciplined investment strategy and proactive asset management allowed for a more resilient performance and stable distributions to unitholders. We continue to face some headwinds moving forward such as the bumper new supply of Singapore industrial properties, and uncertainties surrounding the global economic outlook. To counteract, the Australia portfolio was expanded further. Simultaneously, asset enhancements and cost reduction initiatives were undertaken. We also took the opportunity to recycle capital into more yield accretive investment assets through the divestment of our China properties. Ascendas Reit’s total asset size has grown to $10.2 billion.”

Mr Chia Nam Toon, Chief Executive Officer and Executive Director

3.852 cents SGD (4Q ending 31 Mar 2017)

Read moreAscendas Reit Financial Results Ending 31 Mar 2017

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