CapitaLand Ascendas REIT Units
A17U: XSES (SGP)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
SGD 5.30 | Ytl | Jnwwgfrr |
CapitaLand Ascendas REIT Earnings: Asset Enhancements to Drive Growth
CapitaLand Ascendas REIT’s first-half 2024 net property income rose 3.9% year on year, driven by its asset acquisitions in 2023, the completion of MQX4 development in Australia, and the convert-to-suit project at 6055 Lusk Boulevard in the United States. However, distribution per unit fell by 2.5% year on year as the higher NPI was offset by higher interest expense and an enlarged unit base.