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The latest update is out from CapitaLand Ascendas REIT ( (SG:A17U) ).
CapitaLand Ascendas REIT has announced the use of proceeds from its recent private placement, where approximately S$500 million was raised. The funds are being allocated for debt repayment and the partial financing of acquisitions of properties at 9 Tai Seng Drive and 5 Science Park Drive. This strategic deployment of capital is expected to enhance the company’s asset portfolio and strengthen its financial position, potentially impacting its market standing and offering value to its stakeholders.
The most recent analyst rating on (SG:A17U) stock is a Buy with a S$3.10 price target. To see the full list of analyst forecasts on CapitaLand Ascendas REIT stock, see the SG:A17U Stock Forecast page.
More about CapitaLand Ascendas REIT
CapitaLand Ascendas REIT is a real estate investment trust based in Singapore, focusing on managing a diversified portfolio of properties. The company primarily invests in business spaces, including industrial and logistics properties, business parks, and data centers, catering to a wide range of industries.
Average Trading Volume: 11,857,947
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$12.99B
For a thorough assessment of A17U stock, go to TipRanks’ Stock Analysis page.