CapitaLand Ascendas REIT: Consider Both Short-Term And Mid-Term Prospects (Rating Downgrade)
Source: SeekingAlpha
2025-02-24 16:46:58 ET
Summary
- I am downgrading CapitaLand Ascendas REIT to a Hold due to a muted FY25 outlook overshadowing its long-term potential.
- My forecasts point to a modest dividend growth of +0.6% for ACDSF in FY25 due to slower rent hikes and lower occupancy.
- But the REiT's intermediate-term outlook is positive with its organic growth approach supporting a potential +6% distribution CAGR for FY 2026-2029.
I downgrade my rating for CapitaLand Ascendas REIT ( ACDSF ) (A17U.SI) to a Hold. My previous October 4, 2024 write-up analyzed how this Singapore-listed property trust's results might be impacted by changes in rates and portfolio mix....
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CapitaLand Ascendas REIT: Consider Both Short-Term And Mid-Term Prospects (Rating Downgrade)
Ascendas Rl Est Invt Tr
NASDAQ: ACDSF
ACDSF Trading
-2.11% G/L:
$1.975 Last:
30,115 Volume:
$1.975 Open:
