CapitaLand Ascendas REIT's New Acquisitions to Boost Distributions -- Market Talk

Dow Jones
Aug 05

0326 GMT - CapitaLand Ascendas REIT's bulls at CGS International expect future distributions per unit to rise as the trust completes new acquisitions. The analysts raise their FY 2026 and FY 2027 DPU estimates by 0.71%-2.59%, citing contributions from an incoming Singapore data center and science park property. The REIT is continuing with S$500 million worth of asset enhancements works in Singapore, which should complete between 4Q 2025 and 1Q 2028. These works should bolster CapitaLand Ascendas's income growth visibility in the medium term, they say in a note. CGS International raises its target price on the REIT to S$3.15 from S$3.10 and maintains an add rating. Units fall 1.1% to S$2.77. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

August 04, 2025 23:26 ET (03:26 GMT)

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