- BUY CapitaLand Ascendas REIT (SGX:A17U) for excellence in execution to sustain strong positive rental reversion, maintain high occupancies and orchestrate a string of successive redevelopment projects.
CapitaLand Ascendas REIT provided 3Q23 business update:
Stable occupancies across Singapore, Australia and the UK/Europe.
- - Read this at SGinvestors.io -
- Occupancy rate for Singapore improved 0.4ppt q-o-q to 92.7%, which is offset by a marginal easing of occupancy rate for Australia and the UK/Europe by 0.5ppt and 0.2ppt q-o-q respectively to 99.0% and 99.3%. Australia and the UK/Europe remain near full occupancy.
Strong positive rental reversion for logistics properties.
- - Read this at SGinvestors.io -
- Logistics properties registered exceptionally strong rental reversion at 25.5% in Singapore and 28.8% in the UK/Europe due to tight supply and adoption of just-in-case supply chain management.
- Management expects positive rental reversion at high single digit for full-year 2023.
Further expansion in data centres.
- Read more at SGinvestors.io.
