Ascendas REIT's property in Changi Business Park, One@Changi City. (Photo: REITsWeek)

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

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

CapitaLand Ascendas REIT is an industrial assets-heavy REIT that owns a portfolio of 232 properties, most of which are located across Singapore.

Related: CapitaLand Ascendas REIT grilled over falling asset valuations

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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.