- In FY23, CapitaLand Ascendas REIT (SGX:A17U) reported revenues of S$1,480.0m, reflecting a significant 9.4% increase y-o-y. This growth can be attributed mainly to the strategic acquisitions made during the first two quarters of FY23, including three properties in Singapore and a data centre property in the UK in August 2023.
- - Read this at SGinvestors.io -
FY23 DPU of 15.16 cents came in ~0.9% below our projections.
- During the year, CapitaLand Ascendas REIT saw higher borrowing costs impacting distributable income, resulting in a y-o-y decrease of ~1.4%, bringing the distributable income to S$654.4m.
- - Read this at SGinvestors.io -
Double-digit positive rental reversions with stable portfolio occupancy rate.
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Derek TAN DBS Group Research | Dale LAI DBS Research | https://www.dbs.com/insightsdirect/ 2024-02-02
Previous report by DBS:
2023-08-01 CapitaLand Ascendas REIT - Redevelopment In Progress, Acquisition To Boost Growth.
Price targets by 4 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
