CapitaLand Ascendas REIT Likely to Rejuvenate Portfolio -- Market Talk

Dow Jones
Feb 19

0213 GMT - CapitaLand Ascendas REIT is likely rejuvenating its portfolio actively, RHB Research's Vijay Natarajan says in a report, as the analyst maintains a buy rating on its units. After completing S$1.5 billion worth of acquisitions last year, the REIT is expected to conduct an additional S$1.0 billion of deals this year, the analyst says. For 2026, management has guided for potential acquisitions of logistics and data-center assets in Europe and the U.K. However, the REIT's portfolio vacancy has increased, as it earmarks more assets for redevelopment. RHB Research cuts its 2026 and 2027 distribution-per-unit forecasts for the REIT by 4% and 3%, respectively, and lowers its target price to S$3.05 from S$3.20. Units are unchanged at S$2.71. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

February 18, 2026 21:13 ET (02:13 GMT)

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