CapitaLand Ascendas's Improving Gearing May Offer Room to Acquire -- Market Talk

Dow Jones
2025/11/03

0840 GMT - CapitaLand Ascendas REIT's gearing, improving to around 38%, should offer ample debt capacity for ongoing asset enhancements and potential acquisitions, says DBS Group Research's Dale Lai in a note. Its 4Q financing costs are likely to remain stable at 3.6%, the analyst says. The REIT could see further savings in 2026 as around 12% of its loans mature then, he says. Lai expects the REIT's earnings growth next year to be supported by higher occupancy at two Singapore properties, rents renewals at improved rates and the completion of recently-announced accretive acquisitions. DBS reiterates its buy rating and S$3.20 target price on CapitaLand Ascendas's units, which trade 0.7% higher at S$2.84. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

November 03, 2025 03:40 ET (08:40 GMT)

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