The Ascendas Real Estate Investment Trust Sgx
For CICT, the negative share price performance since the merger was first proposed in January 2020 could have been due to the continued uncertain prospects for the retail and office sectors, coupled with the law of diminishing marginal returns at work. CapitaLand is one of the largest real estate companies in Asia, with a total portfolio of S$131.7 billion as at Sept 30, 2019. It currently manages eight listed REITs and business trusts as well as more than 20 private funds. CapitaLand Malaysia Mall Trust is a Bursa Malaysia-listed REIT while Singapore-listed Ascendas REIT is one of the top holdings of many of Asia-Pacific REIT funds in the market. Last year, the industrial sector weathered the storm better than other sectors such as retail and offices. Additionally, earnings drivers are also materialising in terms of i) steady growth in Singapore’s residential market, , and ii) a recovery in rental income and property revaluation gains. Data compiled by The Business Times shows the acq...