Brief: Ascendas REIT To Acquire Remaining 75% Interest In Galaxis For S$534.4 Million

CapitaLand Ascendas REIT

04/05/2021 15:51

May 4 (Reuters) - Ascendas Real Estate Investment Trust
 AEMN.SI :
    * ASCENDAS REIT TO ACQUIRE REMAINING 75% INTEREST IN GALAXIS
FOR
S$534.4 MILLION
    * BASED ON PROPOSED ACQUISITION NPI YIELD FOR 1ST YEAR IS
ABOUT
5.4% & 5.3% PRE-TRANSACTION COSTS AND POST- TRANSACTION COSTS
RESPECTIVELY
    * PRO FORMA IMPACT ON DPU FOR FY ENDED DEC 31, 2020 IS
EXPECTED TO
BE AN IMPROVEMENT OF 0.059 SINGAPORE CENTS

Source text for Eikon:  ID:nSNbCJV5K 
Further company coverage:  AEMN.SI 

 ((Reuters.Briefs@thomsonreuters.com;))