- FY25 results within expectations – CapitaLand Ascendas REIT (SGX:A17U)’s 2H25 gross revenue and net property income (NPI) rose 4.1% and 4.3% to S$783.8m and S$544.1m respectively. However, net finance costs increased 11.6% to S$149.2m.
- - Read this at SGinvestors.io -
Rental reversions strong at 12% in FY25 but expected to moderate to mid-single digit levels in FY26.
- - Read this at SGinvestors.io -
- Looking ahead, CapitaLand Ascendas REIT guided that rental reversions for FY26 are expected to come in at around the mid‑single‑digit range. Underlying rents for Its logistics properties are still around 5-10% below current market rents, but we believe the outlook for its business space properties would be more challenging.
Portfolio occupancy slipped to 90.9%.
- Read more at SGinvestors.io.
Above is an excerpt from a report by OCBC Group Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.
Andy Wong CFA OCBC Investment Research | https://www.iocbc.com/ 2026-02-06
Read also OCBC's most recent report:
2026-04-28 CapitaLand Ascendas REIT - More Cautious Outlook.
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
