- 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%.
For further details see:
Ascendas REIT: Valuations Are Unattractive