0708 GMT - CapitaLand Ascendas REIT keeps its bull at CGS International thanks to its diversified and resilient portfolio and healthy balance sheet. The real-estate investment trust is investing S$730.3 million to enhance or redevelopment its assets as part of portfolio rejuvenation, which would contribute to its bottom line when completed between 1H this year and 1Q 2028, analysts Lock Mun Yee and Li Jialin say in a note. This, along with accretive acquisitions, could serve as potential rerating catalysts for its units, they add. Still, they expect some assets' occupancy rate to change, resulting in the analysts cutting their 2026-2027 distribution per unit projections by 1.8%-2.5%. CGS International trims its target price to S$3.21 from S$3.27 and maintains its add rating. Units rise 0.4% to S$2.81. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
February 09, 2026 02:08 ET (07:08 GMT)
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