CapitaLand Ascendas' U.S. Business Spaces Portfolio Needs Close Monitoring -- Market Talk

Dow Jones

Feb 06

0348 GMT - CapitaLand Asendas Real Estate Investment Trust's U.S. business spaces portfolio likely needs close monitoring, says DBS Group Research's Dale Lai in a note. While rental rates for the segment are likely to remain healthy, demand appears to have slowed and vacancies could take up to 12 months to be filled, he says. More broadly, the REIT manager's expectations for mid-single-digital growth in rental rates this year suggests organic rent growth could cool in 2026, says Lai. This means income contribution from completed redevelopments and newly-acquired assets would be crucial to offset the drag from an enlarged unit base. He expects the REIT to deliver more than S$1.0 billion worth of accretive acquisitions this year. DBS maintains its buy rating and S$3.20 target price. Units fall 1.75% to S$2.81. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

February 05, 2026 22:48 ET (03:48 GMT)

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While rental rates for the segment are likely to remain healthy, demand appears to have slowed and vacancies could take up to 12 months to be filled, he says. More broadly, the REIT manager's expectations for mid-single-digital growth in rental rates this year suggests organic rent growth could cool in 2026, says Lai. This means income contribution from completed redevelopments and newly-acquired assets would be crucial to offset the drag from an enlarged unit base. He expects the REIT to deliver more than S$1.0 billion worth of accretive acquisitions this year. DBS maintains its buy rating and S$3.20 target price. Units fall 1.75% to S$2.81. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 05, 2026 22:48 ET (03:48 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CapitaLand Ascendas' U.S. Business Spaces Portfolio Needs Close Monitoring -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCapitaLand Ascendas' U.S. Business Spaces Portfolio Needs Close Monitoring -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-02-06 11:48</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0348 GMT - CapitaLand Asendas Real Estate Investment Trust's U.S. business spaces portfolio likely needs close monitoring, says DBS Group Research's Dale Lai in a note. While rental rates for the segment are likely to remain healthy, demand appears to have slowed and vacancies could take up to 12 months to be filled, he says. More broadly, the REIT manager's expectations for mid-single-digital growth in rental rates this year suggests organic rent growth could cool in 2026, says Lai. This means income contribution from completed redevelopments and newly-acquired assets would be crucial to offset the drag from an enlarged unit base. He expects the REIT to deliver more than S$1.0 billion worth of accretive acquisitions this year. DBS maintains its buy rating and S$3.20 target price. Units fall 1.75% to S$2.81. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 05, 2026 22:48 ET (03:48 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0588545904.SGD","symbol_name":"Eastspring Investments - Asian Equity Income ASDM SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2609530088","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2609530088","pubTimestamp":1770349680,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0348 GMT - CapitaLand Asendas Real Estate Investment Trust's U.S. business spaces portfolio likely needs close monitoring, says DBS Group Research's Dale Lai in a note. While rental rates for the segment are likely to remain healthy, demand appears to have slowed and vacancies could take up to 12 months to be filled, he says. More broadly, the REIT manager's expectations for mid-single-digital growth in rental rates this year suggests organic rent growth could cool in 2026, says Lai. This means income contribution from completed redevelopments and newly-acquired assets would be crucial to offset the drag from an enlarged unit base. He expects the REIT to deliver more than S$1.0 billion worth of accretive acquisitions this year. DBS maintains its buy rating and S$3.20 target price. Units fall 1.75% to S$2.81. 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While rental rates for the segment are likely to remain healthy, demand appears to have slowed and vacancies could take up to 12 months to be filled, he says. More broadly, the REIT manager's expectations for mid-single-digital growth in rental rates this year suggests organic rent growth could cool in 2026, says Lai. This means income contribution from completed redevelopments and newly-acquired assets would be crucial to offset the drag from an enlarged unit base. He expects the REIT to deliver more than S$1.0 billion worth of accretive acquisitions this year. DBS maintains its buy rating and S$3.20 target price. Units fall 1.75% to S$2.81. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 05, 2026 22:48 ET (03:48 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}