Back in August, I published an article on this site about a business space and industrial REIT based out of Singapore named Ascendas REIT (OTC:ACDSF). In this article, I discussed the REIT's potential as both a growth and income play. On October 16, 2013, the trust released its second quarter results and these results show the delivery of that growth potential. As such, I decided to revisit the stock and reanalyze its potential as a high-yielding real estate play with no exposure to the U.S. market.
As I mentioned in the introduction, Ascendas REIT released its second quarter results on October 16. Here are the highlights from that report:
- The company reported total gross revenue of