- 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.