CapitaLand Ascendas REIT - RHB Research 2026-02-19: Active Portfolio Rejuvenation

• CapitaLand Ascendas REIT (SGX:A17U)’s 2H25 results were slightly below our expectations.
• Key positives were a third consecutive year of double-digit portfolio rent reversions and positive valuation uplift. However, portfolio vacancy has increased with the REIT earmarking more assets for redevelopment, weighing on overall DPU.
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Almost all markets and asset classes registering positive rent growth.

• Portfolio rent reversion (FY25) of +12% (FY24: +11.6%) with all markets and asset classes registering positive rent growth, except for UK/Europe data centres (DC). The logistics segment continues to be the key rent growth driver with strong rent reversions seen across Australia, the US, and Singapore. The Singapore business space also saw a strong uplift in 4Q (+27%), driven by a single large lease.
• - Read this at SGinvestors.io -

Active portfolio rejuvenation.

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

Previous report by RHB:
2025-11-03 CapitaLand Ascendas REIT - Back To Growth Mode; BUY.

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