- CapitaLand Ascendas REIT (SGX:A17U) provided a business update for 3Q23. No financial data was reported, but operationally, overall portfolio rental reversions remained at double-digit levels (+10.2%), although this was a moderation as compared to 2Q23’s 18.0% increase. See CapitaLand Ascendas REIT's announcement dated 27 Oct 2023.
3Q23 business update showcased CapitaLand Ascendas REIT's continued portfolio resiliency
Positive rental reversions
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
- Robust rental growth will provide some offsetting effects to the expansion in cap rates for CapitaLand Ascendas REIT’s overseas assets for its upcoming year end revaluation exercise, in our view.
Stable portfolio occupancy
- Read more at SGinvestors.io.
Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
OCBC Research Team OCBC Investment Research | https://www.iocbc.com/ 2023-10-31
Read also OCBC's most recent report:
2024-10-28 CapitaLand Ascendas REIT - Acceleration In Rental Reversions An Offset To Lower Occupancy.
Previous report by OCBC:
2024-07-31 CapitaLand Ascendas REIT - Stronger Rental Reversion Guidance.
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
