Morningstar

CapitaLand Ascendas REIT Units A17U

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Stock XSES Rating as of
SGD 2.87 −0.03 (1.03%)
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As of Delayed Price Closed

Company Report

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CapitaLand Ascendas REIT Driving Growth Through Active Portfolio Management

Xinfu Lee

CapitaLand Ascendas REIT invests in properties used for industrial, logistics and business activities in Singapore, Australia, Europe, and the US Its portfolio is well diversified, consisting of business and science parks, high-specification industrial properties, data centers, light industrial properties, and logistics and distribution centers. Since IPO, the manager has expanded the trust’s assets under management and distributions per unit by using a mixture of active lease management, asset-enhancement initiatives, or AEIs, and capital recycling.

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Price vs Fair Value

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A17U is trading at a 515% premium.
Price
SGD 2.87
Fair Value
SGD 3.20
Uncertainty
Medium
1-Star Price
SGD 6.16
5-Star Price
SGD 7.58
Economic Moat
Fhc
Capital Allocation
Mgfmwmkk

Bulls Say, Bears Say

Bulls

Lower-than-expected industrial land supply would support rental growth for the trust's industrial assets in Singapore.

Bears

The Singapore dollar continues to strengthen, resulting in the foreign assets dragging the trust's overall returns.

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Trading Information

Previous Close Price
SGD 2.90
Day Range
SGD 2.87–2.91
52-Week Range
SGD 2.47–3.05
Bid/Ask
SGD 2.87 / SGD 2.88
Market Cap
SGD 12.62 Bil
Volume/Avg
11.7 Mil / 12.3 Mil

Key Statistics

Price/Earnings (Normalized)
21.56
Price/Sales
8.23
Dividend Yield (Trailing)
5.21%
Dividend Yield (Forward)
5.21%
Total Yield
5.21%

Company Profile

CapitaLand Ascendas REIT is a real estate investment trust focusing on the industrial and business space. As of Dec. 31, 2023, it held a SGD 16.9-billion portfolio of 227 properties across Singapore, Australia, Europe, and the US The property types encompass business and science parks, high-specification industrial properties, data centers, light industrial properties, and logistics and distribution centers. The trust is externally managed by Ascendas Funds Management, a subsidiary of CapitaLand Investment, which owns an 18% stake in the trust.
Sector
Real Estate
Industry
REIT - Industrial
Stock Style Box
Large Value
Total Number of Employees
67
Website
https://www.capitaland-ascendasreit.com

Competitors

Valuation

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Metric
A17U
ME8U
AJBU
Price/Earnings (Normalized)
 21.5628.7924.25
Price/Book Value
 1.271.431.58
Price/Sales
 8.2310.6812.54
Price/Cash Flow
 18.1520.3119.75
Price/Earnings
A17U
ME8U
AJBU

Financial Strength

Metric
A17U
ME8U
AJBU
Quick Ratio
 0.181.071.16
Current Ratio
 0.191.091.17
Interest Coverage
 1.470.973.44
Quick Ratio
A17U
ME8U
AJBU

Profitability

Metric
A17U
ME8U
AJBU
Return on Assets (Normalized)
 1.08%1.32%3.54%
Return on Equity (Normalized)
 1.97%2.28%6.02%
Return on Invested Capital (Normalized)
 2.40%1.62%4.99%
Return on Assets
A17U
ME8U
AJBU

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