Stock Analysis: CapLand Ascendas REIT | Lianhe Zaobao

Zaobao
2025.11.06 10:26
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CapitaLand Ascendas REIT recommends buying, with a target price of SGD 4.02, and the current closing price is SGD 2.82 (+0.36%). The trust has raised its 2025 rental expectations from the mid-single digits to the low double digits, with logistics real estate rents expected to see a strong increase in Q4 2025. The trust has completed the redevelopment of No. 5 Zhuoyuan East Road and plans to restructure its Singapore assets, focusing on technology, logistics, and biomedicine, while developing data centers in Welwyn Garden City, UK. The trust has completed refinancing of SGD 300 million, with a coupon rate of 3.18%