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An announcement from CapitaLand Ascendas REIT ( (SG:A17U) ) is now available.
CapitaLand Ascendas REIT has issued 2,442,528 new units to its manager, CapitaLand Ascendas REIT Management Limited, as payment for acquisition fees related to the recent purchase of properties at 5 Science Park Drive and 9 Tai Seng Drive in Singapore. These units, issued at prevailing market prices, reflect the trust’s adherence to its Trust Deed and regulatory requirements, and they cannot be sold within a year of issuance. This issuance increases the total number of units to 4,608,727,268, with the manager holding a small percentage, indicating a strategic expansion in its property portfolio.
The most recent analyst rating on (SG:A17U) stock is a Buy with a S$3.00 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 acquiring and managing a diversified portfolio of industrial, office, and logistics properties. It operates under a trust deed and is managed by CapitaLand Ascendas REIT Management Limited.
Average Trading Volume: 13,187,504
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$12.9B
For a thorough assessment of A17U stock, go to TipRanks’ Stock Analysis page.