Ascendas REIT's property at 9 Changi South Street 3, Singapore. (Photo: REITsWeek)

Data from Ascendas REIT’s latest filing have been updated into the Singapore REITs table.

Ascendas REIT saw a SGD22.3 million (USD16 million) net outflow in institutional funds for the trading week that began on 19 October - the same week that JTC released data on Singapore’s industrial market.

The net fund outflow decreased Ascendas REIT’s unit price by about 6% at the end of the week, which finished the session on 23 October at SGD3.06.

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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.