CapitaLand Ascendas REIT - Maybank Research 2025-08-05: Relatively Stable Performance

• Maintain BUY rating for CapitaLand Ascendas REIT on strong credit, diversified portfolio and advanced R&D/manufacturing exposure.

Healthy operating trend.

• - Read this at SGinvestors.io -
• Portfolio occupancy was relatively stable from continued slippages in SG and the US offset by backfilling in AU. High single digit positive reversion continued to outpace the mid-single digit full-year guide. Debt metrics were stable.
• Focus remains on AEIs with recycling well below full-year guide of S$300-400m.

A larger base of units impacted DPU.

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• A larger base of units impacted DPU, the effect of which should be offset by completion of Singapore acquisitions later this month.

No immediate effect from tariffs yet.

• Read more at SGinvestors.io.

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

Previous report by Maybank:
2025-05-29 CapitaLand Ascendas REIT - Accretive Purchase Of Singapore Assets In Tech Sector.

Price targets by 3 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