CapitaLand Ascendas REIT - OCBC Investment Research 2025-05-29: Deepening Its Presence In Singapore

• CapitaLand Ascendas REIT announced the proposed acquisitions of two properties in Singapore.
  • 9 Tai Seng Drive, a Tier III colocation data centre, and
  • - Read this at SGinvestors.io -

Proposed acquisition for aggregate agreed property value of S$700.2m.

9 Tai Seng Drive.

• The purchase consideration of 9 Tai Seng Drive works out to be S$455.2m (excluding receivables, cash and payables of S$15.8m in the trust that holds the property) and would translate to an initial net property income (NPI) yield of 7.2% before transaction costs.
• This purchase consideration represents a 2.2% discount to the average of two independent market valuations. The property is 100% occupied and has a long weighted average lease expiry (WALE) of 4.4 years.
• - Read this at SGinvestors.io -

5 Science Park Drive.

• Read more at SGinvestors.io.

Above is an excerpt from a report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.

Previous report by OCBC:
2025-04-29 CapitaLand Ascendas REIT - Still Strong Rental Reversions But Weaker Occupancy.

Price targets by 2 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