Ascendas Real Estate Investment Trust (A17U.SI)

SES - SES Delayed Price. Currency in SGD

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3.0300-0.0100 (-0.33%)

As of 2:37PM SGT. Market open.

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Thomson Reuters StreetEvents
Edited Transcript of AEMN.SI earnings conference call or presentation 23-Jul-20 9:30am GMT
Half Year 2020 Ascendas Real Estate Investment Trust Earnings Presentation
Moody's
Ascendas Real Estate Investment Trust -- Moody's affirms Ascendas REIT's A3 ratings; outlook stable
"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.
Simply Wall St.
Ascendas Real Estate Investment Trust's (SGX:A17U) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?
Ascendas Real Estate Investment Trust (SGX:A17U) has had a great run on the share market with its stock up by a...