CapitaLand Ascendas REIT (A17U) has disclosed its third-quarter 2025 business update, highlighting completed property acquisitions worth approximately 1.32 billion Singapore dollars. The five assets, all located in Singapore, comprise the business-space property at 5 Science Park Drive, the Tier III colocation data centre at 9 Tai Seng Drive and three industrial and logistics facilities at 2 Pioneer Sector 1, Tuas Connection and 9 Kallang Sector. The newly acquired properties carry initial net property income yields of about six to seven per cent and an average weighted lease expiry of five and a half years.

The REIT finalised a 107.4 million Singapore dollar redevelopment of 5 Toh Guan Road East, adding 71 per cent to its gross floor area. It also committed 350.1 million Singapore dollars to develop three green-certified logistics facilities in the United Kingdom, targeted to deliver yields of roughly seven per cent.

Capital recycling activities during the quarter generated 480.0 million Singapore dollars through divestments executed at a seven per cent premium to valuation and a 17 per cent premium to original purchase prices.

To strengthen its balance sheet, the trust raised one billion Singapore dollars comprising 300 million Singapore dollars of five-year perpetual securities priced at 3.18 per cent and 700 million Singapore dollars of seven-year green notes carrying a 2.343 per cent coupon. As at Sep, 30 2025, aggregate leverage stood at 39.8 per cent with a weighted average cost of debt of 3.6 per cent and 77.6 per cent of borrowings on fixed rates.

Portfolio occupancy slipped to 91.3 per cent from 91.8 per cent three months earlier, while average rental reversion on renewed leases was positive at 7.6 per cent.

CapitaLand Ascendas REIT’s investment property base amounted to 17.7 billion Singapore dollars across 228 properties in Singapore, the United States, Australia and the United Kingdom/Europe as of Sep, 30 2025. The trust reported that 61 per cent of its gross floor area is now covered by green building certifications, up from 49 per cent at end-June.