|Bid||3.0200 x 0|
|Ask||3.0300 x 0|
|Day's Range||3.0000 - 3.0300|
|52 Week Range||2.2200 - 3.6500|
|Beta (5Y Monthly)||0.36|
|PE Ratio (TTM)||21.04|
|Earnings Date||Jul 23, 2020|
|Forward Dividend & Yield||0.11 (3.81%)|
|Ex-Dividend Date||Nov 17, 2020|
|1y Target Est||2.79|
Half Year 2020 Ascendas Real Estate Investment Trust Earnings Presentation
"The stable outlook reflects our expectation that Ascendas REIT's credit metrics will remain within the parameters of its A3 ratings -- with adjusted net debt/EBITDA staying below 8.0x and adjusted EBITDA/interest expense remaining above 3.5x -- because the trust has a diversified asset portfolio, wide array of tenants and relatively small exposure to sectors severely affected by coronavirus-related disruptions," says Junling Tan, a Moody's Analyst. Moody's base case scenario assumes Ascendas REIT's EBITDA to increase by around 10% in fiscal year ending December 2020 (fiscal 2020), as the revenue contribution from its acquisitions will offset the downward pressure on its rental income. As a result, Moody's expect Ascendas REIT's adjusted net debt/EBITDA to improve to around 7.7x from 8.1x in fiscal 2019, and its adjusted EBITDA/interest expense to improve around 4.4x from 4.1x over the same period.
Ascendas Real Estate Investment Trust (SGX:A17U) has had a great run on the share market with its stock up by a...