Artist's impression of Ascott REIT's lyf one-north Singapore. (Image: Ascott REIT)

Ascott Residence Trust (ART) has issued a profit warning but the negatives are largely priced in, DBS opines in a recent note to investors.

ART was last done on the Singapore Exchange (SGX) at SGD1.00, a fall of about 3% from its previous session.

The last done price is a discount of about 20% to net asset value (NAV), according to information compiled in the Singapore REITs table.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.