- CapitaLand Ascendas REIT (SGX:A17U)'s 1H23 revenues of S$718.1m was 4.7% higher h-o-h, mainly due to acquisition of 622 Toa Payoh Lorong 1 and 1 Buroh Lane completed on 11 January and 2 February 2023. It also included slightly more than 1 month of income contribution from The Shugart - Seagate’s R&D facility in One-North which the acquisition was completed on 25 May 2023.
- - Read this at SGinvestors.io -
- CapitaLand Ascendas REIT's 1H23 DPU of 7.719 cents was 2.6% lower h-o-h, and 2.0% lower y-o-y, in line with our earlier projections, making up 50% of our earlier DPU estimates for FY23.
- - Read this at SGinvestors.io -
- Of the S$500m in funds raised, ~60% of the proceeds have been utilised:
- Read more at SGinvestors.io.
CapitaLand Ascendas REIT - Redevelopment In Progress, Acquisition To Boost Growth
CapitaLand Ascendas REIT (SGX:A17U)
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/.
Dale LAI DBS Group Research | Derek TAN DBS Research | https://www.dbs.com/insightsdirect/ 2023-08-01
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 2 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
