- In its 3Q23 business update, CapitaLand Ascendas REIT (SGX:A17U) reported portfolio occupancy of 94.5% (vs. 94.4% at end-Dec 22), boosted by higher occupancies in Singapore and Australia, partly offset by a slight dip in the Europe/UK segment due to the inclusion of a newly acquired data centre in the UK which is 81.8% filled.
- - Read this at SGinvestors.io -
FY23 rental reversion guided to be in the high-single digit range
- CapitaLand Ascendas REIT has 1.7%/16.1% of portfolio leases expiring in 4Q23F/FY24F, mainly in Singapore, Australia and US business spaces. CapitaLand Ascendas REIT maintained its guidance for FY23F rental reversions to be in the positive high-single digit range.
- - Read this at SGinvestors.io -
Demand for business, life sciences and logistics spaces in SG
- Read more at SGinvestors.io.
Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.
LOCK Mun Yee CGS-CIMB Research | Natalie ONG CGS-CIMB Research | https://www.cgs-cimb.com 2023-10-30
Read also CGS-CIMB's most recent report:
2024-02-02 CapitaLand Ascendas REIT - Dragged By Higher Funding Cost.
Price targets by 3 other brokers at CapitaLand Ascendas REIT Target Prices.
Listing of research reports at CapitaLand Ascendas REIT Analyst Reports.
Relevant links:
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