CapitaLand Ascendas REIT - UOB Kay Hian 2023-11-02: 3Q23 In Line

CapitaLand Ascendas REIT - 3Q23 In Line

CapitaLand Ascendas REIT (SGX:A17U) | SGinvestors.ioCapitaLand Ascendas REIT (SGX:A17U)
  • 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 -
  • 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 -
  • 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.

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Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @

Jonathan KOH CFA UOB Kay Hian Research | 2023-11-02

Read also UOB's most recent report:
2024-02-05 CapitaLand Ascendas REIT - Continues To Generate Strong Positive Rental Reversions In 2H23.

Price targets by 5 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 Dividends & Corporate Actions,
CapitaLand Ascendas REIT News Articles


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