CapitaLand Ascendas REIT - DBS Research 2022-11-01: Acquisitions In Singapore Still Accretive

• CapitaLand Ascendas REIT (SGX:A17U) provided 3Q22 business update. See CapitaLand Ascendas REIT's announcement dated 31 Oct 2022.

Continued positive rental reversions of +5.4%.

• - Read this at SGinvestors.io -
• Similarly, positive rental reversions across the board are seen for the US, mainly due to the 60.0% hike for logistics facilities

Only 3.7% of portfolio leases remains to be renewed in 4Q22

• - Read this at SGinvestors.io -
• New leases signed in 3Q22 make up ~2.3% of revenues. Weighted average lease term of new leases signed were relatively long, at 5.4 years. A further 22.0% of the portfolio will be expiring in FY23.

Inching up of gearing and borrowing costs.

• Read more at SGinvestors.io.

Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Read also DBS's most recent report:
2025-02-07 CapitaLand Ascendas REIT - Building On Firm Foundations.

Previous report by DBS:
2024-07-31 CapitaLand Ascendas REIT - Resuming The Path To Earnings Growth.

Price targets by 4 other brokers at CapitaLand Ascendas REIT Target Prices.

Listing of research reports at CapitaLand Ascendas REIT Analyst Reports.

Relevant links:
CapitaLand Ascendas REIT Share Price History,
CapitaLand Ascendas REIT Announcements,
CapitaLand Ascendas REIT Dividend Payout Dates & Corporate Actions,
CapitaLand Ascendas REIT News