Is it worth buying Ascendas REIT at 6% yield now?
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CapitaLand Ascendas REIT is now trading ~6% dividend yield. What's more recently, Ascendas REIT announced its equity offering to acquire three properties worth ~S$1.4 billion. This is ~10% of its market cap. The deal could further raise the REIT’s DPU by 4%. Not too bad. Not too bad. You’ll expect Mr. Market reacted positively but instead shares went no where after the announcement.
So what’s missing here? And is it worth buying today? Sometimes, investing can be simple. Willie Keng, CFA Founder, dividendtitan.com P.S. Like this issue? Click HERE to join other dividend investors reading my DT Compound Letter. I send my regular letters to your inbox. |
Dividend Titan
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