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 in terms of net fund outflows.

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

This is the third consecutive week in which CapitaLand Ascendas REIT has emerged as either the top SGX-listed stock or REIT that was disposed of by institutional investors during a trading period.

Related: CapitaLand Ascendas REIT sees SGD21.3 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.