Singapore's CapitaLand Ascendas REIT H1 gross revenue rises

CapitaLand Ascendas REIT

05/08/2026 10:52

Overview
Singapore real estate investment trust's H1 gross revenue rose 6.7% yr/yr
Net property income for H1 grew 6.2% yr/yr
Company completed acquisitions in logistics, business space, and data centers in several countries

Outlook
Company did not provide specific financial guidance or outlook for future quarters or the full year in its press release

Result Drivers
ACQUISITIONS - Gross revenue growth mainly driven by new acquisitions in logistics, business space, and data centers
HIGHER OPERATING EXPENSES - Rise in property operating expenses mainly contributed by new acquisitions

Company press release: ID:nSNbssrSb

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Gross Revenue
 
S$805.5 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the commercial reits peer group is "buy"
Wall Street's median 12-month price target for CapitaLand Ascendas REIT is S$3.07, about 20.5% above its August 4 closing price of S$2.55
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 16 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)