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ACDSF - Ascendas REIT: Valuations Are Unattractive
Ascendas Rl Est Invt Tr
Ascendas REIT is a relatively defensive REIT, thanks to its long lease expiry period, and diversification in terms of geography, industry exposure and property type.
But Ascendas REIT's defensiveness has been priced in with the stock trading at close to its historical averages, and investors are already looking beyond COVID-19 by switching to recovery plays.
Ascendas REIT is valued by the market at 1.28 times trailing P/B, and the REIT boasts a consensus forward FY 2021 dividend yield of 5.4%.