CapitaLand Ascendas REIT
A17U.SI : Singapore Exchange
2.660
+0.38%
Share Price in SGD. As of 26 Jul 17:04:43 SGT
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Key stats
- 52-Week HighSGD 3.050
- 52-Week LowSGD 2.470
- Market CapSGD 12B
- Avg Volume8.9M
- P/E Ratio (TTM)66.50
- Forward Dividend Yield5.7%
Share Price Performance
| A17U.SI | Market
| |
|---|---|---|
| 1 Day | 0.76% | 0.24% |
| 5 Day | -1.48% | -0.31% |
| 1 Month | 4.72% | 2.49% |
| 6 Month | -6.34% | 9.02% |
| YTD | -10.74% | 6.08% |
| 1 Year | -3.27% | 6.50% |
| 5 Year | -12.76% | 9.82% |
Beansprout Analysis
Beansprout's Checklist
-
Occupancy Rate of 93.3% is lower than sector average of 95.2%
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Net property income yield of 6.05% is higher than its dividend yield of 5.7%
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Gearing Ratio of 0.38x is higher than sector average of 0.38x
-
Interest Coverage Ratio of 3.6x is above 2.5x
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Net Book Value of $2.26 is lower than its net book value of $2.37 in the previous year
-
Dividend Yield of 5.7% is lower than sector average of 6.1%
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Distribution per unit growth is -4.04%
-
Price to Book of 1.18x is higher than sector average of 1.05x
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Revenue Breakdown by Asset
Revenue Breakdown by Geography
Market Analysis
Consensus Share Price Target
Price Target: $3.094
Source: SGX as of 04 Jul 2024
Analyst Ratings
CGS-CIMB
02 Feb 2024
Add
3.060
DBS Research
11 Apr 2024
Buy
3.250
Maybank Research
23 Apr 2024
Hold
2.650
(prev 2.750)
OCBC Investment
23 Apr 2024
Buy
3.230
(prev 3.370)
RHB Invest
26 Jun 2024
Buy
3.200
UOB Kay Hian
25 Jun 2024
Buy
3.620
Analyst Reports
Valuation
Price to book (P/B) ratio
1.2
1.2
CapitaLand Ascendas REIT's current P/B ratio of 1.2x is inline with its historical average P/B ratio of 1.2x.
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
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
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 | For period ending 31 Dec 2023 |
| 31 Jul 2023 | For period ending 30 Jun 2023 |
Annual Reports
| 02 Apr 2024 | For period ending 31 Dec 2023 |
| 02 Apr 2024 | For period ending 31 Dec 2023 |
| 02 Apr 2024 | For period ending 31 Dec 2023 |