CapitaLand Ascendas REIT

A17U.SI : Singapore Exchange

2.530

-0.39%

Share Price in SGD. As of 21 Jun 17:11:50 SGT

All

Chart

Key stats

  • 52-Week High
    SGD 3.050
  • 52-Week Low
    SGD 2.470
  • Market Cap
    SGD 11B
  • Avg Volume
    12M
  • P/E Ratio (TTM)
    63.25
  • Forward Dividend Yield
    6.0%

Share Price Performance

A17U.SI
Market
1 Day -0.39% -0.02%
5 Day -1.56% 0.26%
1 Month -4.17% -0.06%
6 Month -13.95% 6.22%
YTD -15.10% 2.36%
1 Year -8.66% 2.25%
5 Year -15.95% 6.42%
Include dividend return

Beansprout Analysis

Beansprout's Checklist

  • Fundamental

    Occupancy Rate of 94.20% is lower than sector average of 95.83%

  • Financial

    Gearing Ratio of 37.90% is higher than sector average of 37.73%

  • Valuation

    Dividend Yield of 6.01% is lower than sector average of 6.34%

Revenue Breakdown by Asset

Revenue Breakdown by Geography

Market Analysis

Consensus Share Price Target

Price Target: $3.094

Sell
Underperform
Neutral
Outperform
Buy

Source: SGX as of 23 Jun 2024

Analyst Ratings

  • CGS-CIMB

    02 Feb 2024

    Add

    3.060

  • DBS Research

    02 Feb 2024

    Buy

    3.250

    (prev 3.400)

  • Maybank Research

    02 Feb 2024

    Hold

    (prev Buy)

    2.750

    (prev 2.650)

  • OCBC Investment

    06 Feb 2024

    Buy

    3.370

    (prev 3.170)

  • RHB Invest

    20 Nov 2023

    Buy

    3.200

  • UOB Kay Hian

    05 Feb 2024

    Buy

    3.620

    (prev 3.500)

Analyst Reports

Valuation

Price to book (P/B) ratio

Current P/B
1.1
Historical Average P/B
1.1

CapitaLand Ascendas REIT's current P/B ratio of 1.1x is the same as its historical average P/B ratio of 1.1x.

Earnings

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

Earnings per share (EPS)

The latest earnings per share is $0.04, which is lower than the earnings per share of $0.18 in 2022.

Financials

Financial Statements

01 Feb 2024

Full Yearly Results

For period ending 31 Dec 2023

31 Jul 2023

Half Yearly Results

For period ending 30 Jun 2023

Annual Reports

02 Apr 2024

Annual Report

For period ending 31 Dec 2023

02 Apr 2024

Sustainability Report

For period ending 31 Dec 2023

02 Apr 2024

Annual Report

For period ending 31 Dec 2023

News

Profile

Company Description

Ascendas Real Estate Investment Trust (Ascendas Reit) is Singapore’s 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.

FAQ

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