CapitaLand Ascendas REIT - RHB Invest 2023-02-06: On A Good Position To Weather Challenges; Keep BUY

• CapitaLand Ascendas REIT (SGX:A17U)'s results for 2022 and 2H were broadly in-line.
• Underpinned by a strong industrial market, CapitaLand Ascendas REIT’s occupancy stands at a 10-year high, coupled with good rent growth, and a good outlook despite challenges.
• - Read this at SGinvestors.io -

CapitaLand Ascendas's 2H22 DPU to rise by 4% y-o-y as operational growth should outpace rising interest and operating costs.

• In 2H, CapitaLand Ascendas REIT's DPU rose 4.3% y-o-y aided by full contributions from completed assets, acquisition of logistics assets in the US, and higher income from Singapore. NPI margin was lower by 2.5ppt y-o-y but improved h-o-h by 0.2ppt to 71.6% as CapitaLand Ascendas REIT increased service charges across its Singapore portfolio in 2H to mitigate cost pressures. We expect NPI margins to stabilise at these levels for FY23.
• - Read this at SGinvestors.io -

Operational outlook remains positive.

• Read more at SGinvestors.io.

Above is an excerpt from a report by RHB Securities Research.
Clients of RHB may be the first to access the full PDF report @ https://www.rhbtradesmart.com/.

Read also RHB's most recent report:
2025-11-03 CapitaLand Ascendas REIT - Back To Growth Mode; BUY.

Previous report by RHB:
2025-08-05 CapitaLand Ascendas REIT - Enhancing Portfolio Quality; BUY.

Price targets by 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