CapitaLand Ascendas REIT (A17U) announced on Mar, 24 2026 the launch of an equity fund raising of no less than approximately 900 million Singapore dollars through a concurrent private placement and non-renounceable preferential offering.

The private placement will issue 244.898 million to 249.377 million new units at between 2.406 and 2.450 Singapore dollars per unit, targeting minimum gross proceeds of 600 million Singapore dollars.

The preferential offering to existing unitholders will be priced between 2.35 and 2.40 Singapore dollars per unit to raise about 300 million Singapore dollars; the exact allotment ratio will be announced after the placement price is fixed.

Proceeds will partially fund completed and proposed acquisitions of logistics, industrial, business park and data-centre assets in Singapore, Spain, the United States and Japan, finance two potential Singapore acquisitions, repay debt and cover transaction costs.

The manager projects aggregate pro-forma distribution per unit accretion of 4.2%–4.3% after the transactions and a reduction in aggregate leverage from 39.0% to 34.5% before deployment of the proceeds.

The placement bookbuild closes on Mar, 25 2026, with the new placement units expected to begin trading on Apr, 02 2026. The preferential offering is scheduled to open on Apr, 07 2026, close on Apr, 15 2026 and list on Apr, 23 2026.