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CapitaLand Ascendas REIT (CLAR)
REITs
CLAR expands US logistics portfolio with first sale and leaseback acquisition for $150.3 million
The Indianapolis property is fully occupied by DHL USA, which will enter into a long-term leaseback till December 2035.
December 17, 2024
Broker's Calls
DBS adopts more conservative stance than market on JS-SEZ but remains optimistic on the partnership
Analysts await the upcoming 11th Malaysia-Singapore Leaders Retreat in Dec; while naming Seatrium, Sembcorp, Mapletree Logistics Trust and Venture Corporation as some near-term beneficiaries.
December 02, 2024
Broker's Calls
Macquarie initiates coverage on 11 S-REITs after 'two false starts' for rate-cut rally
Analysts from Macquarie have named CapitaLand Ascendas REIT, Keppel DC REIT, Mapletree Logistics Trust (MLT) and Mapletree Pan Asia Commercial Trust as their top picks.
November 26, 2024
REITs
CLAR develops first logistic property in the US for $94.8 million
CLAR to develop logistics property in the US with stabilised NPI yield of 7.2%, and DPU accretion of 0.3%.
November 15, 2024
REITs
CapitaLand Ascendas REIT can weather the additional space from PDD
CLAR is large enough to weather PDD with a diversified portfolio where no building contributes more than 4.2% to GRI
November 06, 2024
Broker's Calls
Analysts bullish on CLAR, OCBC increases TP to $3.32
Units in CLAR closed 2 cents lower or 0.73% down at $2.72 on Oct 29.
October 30, 2024
Company in the news
CapitaLand Ascendas REIT will spend 2.5% of $500 mil private placement sum for redevelopment of logistics property
The REIT will spend about $12.5 million for the redevelopment.
October 25, 2024
Results
CapitaLand Ascendas REIT reports y-o-y lower portfolio occupancy of 92.1% for the 3QFY2024 ended Sept
The REIT saw its portfolio occupancy in Australia drop 5.1% q-o-q, while Singapore and UK/Europe saw no change for the period.
October 25, 2024
Insider moves
DBS buys 900,00 units in CLAR for $2.5 mil
Following the transaction, DBS’ stake in CLAR came up to 0.984%.
October 22, 2024
Broker's Calls
CapitaLand Ascendas REIT’s Jalan Buroh divestment is ‘positive’ and reflects ‘hidden upside potential’: RHB
Analyst Vijay Natarajan has kept his “buy” call and target price of $3.21.
October 16, 2024