CapitaLand Ascendas REIT: Consider Both Short-Term And Mid-Term Prospects (Rating Downgrade)

The Value Pendulum
Investing Group Leader
(6min)

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.
  • Looking for more investing ideas like this one? Get them exclusively at Asia Value & Moat Stocks. Learn More »

Singapore Skyline sunset

P. Kijsanayothin/E+ via Getty Images

I downgrade my rating for CapitaLand Ascendas REIT (OTCPK: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

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This article was written by

The Value Pendulum
12.55K Followers

The Value Pendulum is an Asian equity market specialist with over a decade of experience on both the buy and sell sides.

He is the author of the investing group Asia Value & Moat Stocks, providing ideas for value investors seeking investment opportunities listed in Asia, with a particular focus on the Hong Kong market. He hunts for deep value balance sheet bargains and wide moat stocks and provides a range of watch lists with monthly updates within his investing group.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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