CapitaLand Ascendas REIT (A17U) launched an equity fund-raising on Mar, 24 2026 to secure gross proceeds of no less than approximately 900 million Singapore dollars.

The transaction consists of: • A private placement of 244.898 million to 249.377 million new units at an issue price ranging between 2.406 and 2.450 Singapore dollars per unit, aimed at raising at least 600 million Singapore dollars. • A non-renounceable preferential offering of new units to existing investors at 2.35 to 2.40 Singapore dollars per unit to raise about 300 million Singapore dollars. The exact allotment ratio will be announced after finalising the issue price.

Issue prices represent discounts of 2.5 %–4.2 % to the volume-weighted average price of 2.5126 Singapore dollars per unit on Mar, 23 2026.

Proceeds are earmarked mainly to part-finance recently completed or announced acquisitions in Singapore, the United States, Spain and Japan, potential future acquisitions, and to pay related expenses.

The new units will lift the REIT’s unit count by at least 8 % and are expected to reduce aggregate leverage from 39.0 % to 34.5 % immediately after completion, assuming interim use of the funds for debt repayment.

Listing of the private placement units is scheduled for Apr, 02 2026, while the preferential offering will open on Apr, 07 2026 and close on Apr, 15 2026.