CapitaLand Ascendas REIT (OTCMKTS:ACDSF – Get Free Report)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $1.80, but opened at $1.94. CapitaLand Ascendas REIT shares last traded at $1.94, with a volume of 10,475 shares changing hands.
CapitaLand Ascendas REIT Stock Up 8.1%
The firm has a market capitalization of $9.71 billion and a price-to-earnings ratio of 10.42. The firm’s 50 day moving average is $1.94 and its 200 day moving average is $2.01.
About CapitaLand Ascendas REIT
CapitaLand Ascendas REIT (OTCMKTS: ACDSF) is a Singapore-listed real estate investment trust focused on industrial and business space assets. Established with the objective of providing investors with sustainable distributions and long-term capital growth, the trust holds a diversified portfolio of properties that cater to a wide range of industries, including technology, logistics, manufacturing and research and development.
The REIT’s core business activities encompass the acquisition, ownership, asset management and development of business parks, science parks, hi-tech buildings and logistics facilities.
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