SG Money Tree: Latest buy: Ascott REIT

Bought 1 lot at bid price 1.24. I was too impatient haha. To be honest, I didn't really look through the annual reports.


Pros
Good value for money -- Price/book: ~0.9 (I'll just trust their valuation)
Quite low expense ratio -- 0.5%
Increase in distribution per unit! This was really the reason why I bought at bid price.
I like the good diversification of property in good places.

Cons
Foreign exposure -- (but perhaps mitigated by hedges)
Very focused -- serviced residences (well, most REITs are quite focused anyway -- where is our REIT ETF???!!)