CapitaLand Ascendas REIT portfolio occupancy rate dips slightly to 93.3% for 1QFY2024
The Edge • 22 days ago
A17U.SI : Singapore Exchange
2.610
+0.38%
Share Price in SGD. As of 17:15:33 SGT
CapitaLand Ascendas REIT (A17U.SI) Share Price
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Key stats
- 52-Week HighSGD 3.050
- 52-Week LowSGD 2.470
- Market CapSGD 12B
- Avg Volume12M
- P/E Ratio (TTM)65.25
- Forward Dividend Yield5.82%
Earnings Highlights
FY 2023 Results Summary
Revenue: SGD 1.48B
Increased 9% Year-on-Year
Driven by acquisitions completed in FY2023 and full-year contribution from properties acquired in FY2022, as well as higher occupancy and positive rental reversions achieved for the Singapore portfolio
Net Property Income (NPI): SGD 1.02B
Increased 6% Year-on-Year
Despite higher utility expenses and higher property taxes related to the Singapore portfolio
Portfolio Occupancy: 94.2%
Rental Reversion: 13.4%
A positive average rental reversion of 13.4% was achieved for leases that were renewed in multi-tenant buildings during FY2023
Distribution Per Unit (DPU): SGD 0.15
Decreased 4% Year-on-Year
On account of the lower distribution and the enlarged unit base
Leverage/Gearing: 38%
Aggregate leverage remained at a healthy level
Outlook
The uncertain outlook for inflation, geopolitical tensions and risk of faltering growth in China will continue to pose challenges to tenants' businesses and CLAR's operating costs.
Sources: CapitaLand Ascendas REIT Financial Report
Consensus Share Price Target
Price Target: $3.098
Sell
Underperform
Neutral
Outperform
Buy
Source: SGX as of 13 May 2024
Share Price Performance
| A17U.SI | Market
| |
|---|---|---|
| 1 Day | 0.38% | 0.09% |
| 5 Day | 1.16% | 0.11% |
| 1 Month | 0.77% | 3.64% |
| 6 Month | -7.45% | 6.17% |
| YTD | -12.42% | 2.28% |
| 1 Year | -7.12% | -2.08% |
| 5 Year | -12.73% | 0.09% |
Include dividend return
Beansprout Insights
Latest News
Latest dividend
- Dividend yield (TTM)
- 5.81%
- Last payment
- $0.01233
- Last ex-Date
- 08/02/2024
By SGX as of 13 May 2024
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Company Description
Ascendas Real Estate Investment Trust (Ascendas Reit) is Singaporeâs first and largest listed business space and industrial real estate investment trust (REIT). It was listed on the Singapore Exchange Securities Trading Limited in November 2002.
Ascendas Reit owns and manages a well-diversified portfolio, valued at more than S$16.0 billion, comprising more than 200 properties in Singapore, Australia, the United Kingdom/Europe and the United States. Its portfolio includes business spaces, logistics & distribution centres, industrial properties and data centres. These properties house a tenant base of more than 1,500 international and local companies from a wide range of industries and activities, including research and development, life sciences, information technology, engineering, light manufacturing, logistics service providers, electronics, telecommunications, manufacturing services and back-room office support in service industries.
Ascendas Reit is listed in several indices. These include the FTSE Straits Times Index, the Morgan Stanley Capital International, Inc (MSCI) Index, the European Public Real Estate Association/National Association of Real Estate Investment Trusts (EPRA/NAREIT) Global Real Estate Index and Global Property Research (GPR) Asia 250. Ascendas Reit has an issuer rating of 'A3' by Moody's Investors Service. Ascendas Reit is managed by Ascendas Funds Management (S) Limited, a wholly owned subsidiary of CapitaLand Investment, a leading global real estate investment manager with a strong Asia foothold.