CapitaLand Ascendas REIT unveils 1.6 billion Singapore dollars of new deals and posts solid 1Q26 operating data

SGX Filings
05/18

CapitaLand Ascendas REIT told investors at Citi’s 2026 Pan-Asia Conference on May, 19 2026 that it has signed or completed approximately 1.65 billion Singapore dollars of distribution-per-unit-accretive acquisitions since January, further expanding its global logistics, business space and data-centre portfolio.

The transactions include: • a 620.7 million Singapore dollars purchase of a 49% stake in a freehold 40.5 MW Tier III hyperscale data centre in Greater Osaka, marking the trust’s first foray into Japan; • a 504.2 million Singapore dollars sale-and-leaseback of 25 Loyang Crescent, a multi-asset logistics and industrial complex in eastern Singapore, leased to Toll for 12 years; • a 245.0 million Singapore dollars acquisition of a 50% interest in the Ascent business-park property at 2 Science Park Drive; • a 185.4 million Singapore dollars portfolio of six fully-let Grade A logistics assets in Madrid and Barcelona; and • a 94.5 million Singapore dollars Class A logistics facility in Canal Winchester, Columbus, fully leased to DHL.

Seven ongoing development and asset-enhancement projects will require a further 730.3 million Singapore dollars.

As at Mar, 31 2026, the real estate investment trust reported: • total investment properties of about 18.6 billion Singapore dollars across Singapore (67%), the United States (11%), Australia (12%) and the United Kingdom/Europe (10%); • portfolio occupancy of 90.5%; • average rental reversion of 10.6% on leases renewed in the quarter; • weighted average lease expiry of 3.8 years; • cost of debt at 3.5%; and • aggregate leverage of 42.0%, which management expects to improve to roughly 37.3% after deploying net proceeds from an earlier 903.5 million Singapore dollars equity fund raising to repay debt.

CapitaLand Ascendas REIT said 40% of its borrowings are green-labelled and about 74% of overseas assets are naturally hedged, underpinning its balance-sheet resilience as it continues to pursue growth in data centres, logistics and life-science properties.

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