Ascendas REIT

Ascendas REIT: Grp released its 3Q13 results this morning, which was in-line with estimates. NPI rose by 11.5% YoY to $104.7m while distributable income increased by 13.5% to $81.1m. DPU for the quarter came in at 3.62 c, +4.0%. This brings the 9MFY13 DPU to 10.68c, in-line with consensus full-year DPU projection. A-REIT reiterated that it expects to maintain a stable performance for FY13, barring any unforeseen event and deterioration of the economic environment. Grp only has 2.1% of its rev due for renewal for the remaining of its financial yr and has a WALE of 3.8 yrs.