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Ascendas REIT

3.62 Scts DPU, higher than expectationsPortfolio occupancy levels likely to remain stableMaintain BUY, TP S$1.73 based on DCF- total return of 18%, backed by a stable 8% dividend yield1Q10 results ahead of projections.Distributable income grew by 18% to S$61m, (DPU of 3.62 Scts) ahead of projections, largely due to a better than expected operational performance. ...

 

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