1 Buroh Lane. (Ascendas REIT)1 Buroh Lane. (Ascendas REIT)

CapitaLand Ascendas REIT was the top Singapore Exchange (SGX)-listed REIT disposed of by institutional investors last week.

The net outflow of institutional funds came in the wake of the REIT’s business updates for 1Q 2024, which was released on 22 April.

CapitaLand Ascendas REIT is a Singapore-heavy REIT that owns a portfolio of mostly high-tech industrial assets.

Related: CapitaLand Ascendas REIT sees SGD35.7 million outflow of institutional funds

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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.