Capitaland Ascendas Reit

HOCK LOCK SIEW

Should CapitaLand Ascendas Reit rejig its portfolio further in favour of data centres and life sciences assets? 

With the Reit in a prime position to capitalise on its advantage in such assets, this is the right time to seize the opportunities 

The net proceeds from the divestment of the logistics property in Queensland, Australia is expected to be S$83.4 million.

CapitaLand Ascendas Reit to divest logistics property in Australia for S$90 million

Sale consideration is a 17.2% premium to the original purchase price of S$76.8 million when the property was acquired in 2015

An office building in Australia that is part of Clar's portfolio. The Reit's manager expects portfolio rental reversion for the full year “to be in the positive low double-digit range”.

CapitaLand Ascendas Reit’s portfolio occupancy dips to 91.3% in Q3; rental reversion slows

Occupancy in Singapore slips 0.8 percentage point quarter on quarter; in the US, it falls by two percentage points

CapitaLand Integrated Commercial Trust has ridden a wave of investor interest this year amid expectations that interest rates have peaked.

CICT overtakes Hong Kong’s Link Reit to become Asia’s largest real estate investment trust

A main factor behind this is the strength of the Singapore dollar, which has gained 5.7% against the greenback so far this year

Neither CapitaLand nor Mapletree have hinted at a possible merger, but Temasek’s recently announced organisational revamp suggests it will take a more active approach to managing its Singapore-based portfolio companies
MARK TO MARKET

What would a CapitaLand-Mapletree merger mean for S-Reits in their respective stables?

Combining Clar and MIT could excite the market, but a merger of CICT and MPACT could be trickier to pull off

The RHB analyst listed Keppel Reit as one of RHB's preferred picks.
BROKERS’ TAKE

RHB expects S-Reit demand to rise, Singapore Government Securities yield to moderate further

Demand for sustainable high-dividend equities is also expected to increase, analyst adds

Clar’s target in divestments this year is  about S$300 million to S$400 million.

CapitaLand Ascendas Reit proposes S$329 million divestment of five Singapore properties

Following the completion of the proposed deals, Clar will own 226 properties in total

The Manton Wood development (pictured) is one of four new logistics properties that the Reit is proposing to build to grow its portfolio in the UK.

CapitaLand Ascendas Reit proposes first UK logistics developments for about S$350.1 million

It is proposing to acquire two plots of freehold land in the UK’s logistics heartlands for four new logistics properties

 The occupancy rate for Clar's Singapore portfolio, which includes its industrial building in Tai Seng (above), was at 91.2 per cent as at Jun 30.

CapitaLand Ascendas Reit posts 0.6% drop in H1 DPU to 7.477 Singapore cents

H1 revenue down 2% at S$754.8 million, mainly due to divestment of five properties

CapitaLand Ascendas Reit announced the acquisitions of the two prime Singapore properties on Wednesday.

CapitaLand Ascendas Reit raises S$500 million from private placement of 202 million shares at S$2.47 each

Proceeds will help fund S$700 million purchase of Tai Seng data centre, Science Park building