Ascendas Reit a buy at below $2.95?

$ASCENDAS REAL ESTATE INV TRUST(A17U.SI)$

Ascendas Reit price continue to be beaten down, trading at $2.94. The price pressure is mainly from Fed interest rate and maybe Omicron. 

Personally, i have read about or come across any news on serious impact of Omicron. As to Singapore, we are on track to live and co exist with Covid. Offices will be slowly filled up and plan is in place for more office staff to return. Like it or not, your boss wants you back in office[Grin] [Grin] 

So i see that we are on the verge of recovery. Some may argue that Working from home is a new norm, new trend. And we can be as productive and Company get to save on Rental. But think again, is it really no efficiency loss? Is it really as effective? I feel its not the same.

Anyway, i think the worst is over. Good chance to get vested now if you have not.

Just to recap, sharing i done awhile back.

Ascendas Reit is Singapore’s first and largest listed business space and industrial Real Estate Investment Trust (“REIT”) with a portfolio diversified across four major segments including business spaces, logistics and distribution centres, industrial properties and data centres. As one of Singapore’s REIT pioneers, Ascendas Reit has played a crucial role in the development of the Singapore REIT sector, providing an attractive platform for investment in business park and industrial properties in Singapore.

As of Oct 21, it has 210 properties with asset value of close to $15billion s@Tiger Stars