Welcome!
CapitaLand Ascendas REIT (CLAR)
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.
2 days ago
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%.
13 days ago
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
22 days ago
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.
30 days ago
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
Company in the news
BlackRock acquires 299,900 units in CLAR for $869,710
Following the transaction, BlackRock’s stake in CLAR came up to 7%.
October 03, 2024
REITs
Tembusu’s Fullerton disposes of 115,100 units in CLAR for $0.3 mil
Shares in CLAR closed 0.4 cents higher, or up 1.40%, at $2.90 on Oct 1.
October 01, 2024