Shares of CapitaLand Ascendas REIT (OTCMKTS:ACDSF – Get Free Report) hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $1.72 and last traded at $1.72, with a volume of 135,906 shares traded. The stock had previously closed at $1.74.
CapitaLand Ascendas REIT Price Performance
The business has a 50-day moving average of $1.81 and a 200 day moving average of $1.89.
About CapitaLand Ascendas REIT
CapitaLand Ascendas REIT is a Singapore-based real estate investment trust focused on business space and industrial properties. It is managed by CapitaLand Ascendas REIT Management Limited and sponsored by CapitaLand Investment, a global real estate investment manager.
The REIT owns and manages a diversified portfolio of properties serving businesses across sectors such as technology, research and development, manufacturing, logistics, warehousing and data centers. Its assets generally include business parks, industrial facilities, logistics properties, high-specification industrial buildings and specialized commercial spaces.
Established in 2002 as Singapore’s first listed business space and industrial real estate investment trust, CapitaLand Ascendas REIT has expanded beyond its home market.
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