CapitaLand Ascendas REIT

Chart & Performance

D1W1MN

P/E

15.72

P/S

7.89

EPS

0.17

Div Yield, %

5.48%

Shrs. gr., 5y

6.18%

Rev. gr., 5y

10.33%

Revenues

1.52b

+2.92%

Net income

764m

+328.12%

CFO

948m

-0.90%

Dividend

Aug 06, 20240.07524 SGD/sh

Earnings

Jul 28, 2025

Profile

Ascendas Real Estate Investment Trust (Ascendas Reit) is Singapore's first and largest listed business space and industrial real estate investment trust. It was listed on the Singapore Exchange Securities Trading Limited (SGX-ST) in November 2002. As at 31 December 2020, Ascendas Reit's investment properties under management stood at S$13.7 billion. The portfolio comprises 200 properties across the developed markets of Singapore, Australia, the United Kingdom and the United States. Ascendas Reit's portfolio includes business and science parks, suburban office properties, high-specifications industrial properties, light industrial properties, logistics and distribution centres, and integrated developments, amenities and retail properties. These properties house a tenant base of more than 1,450 international and local companies from a wide range of industries and activities, including research and development, life sciences, information technology, engineering, light manufacturing, logistics service providers, electronics, telecommunications, manufacturing services and back-room office support in service industries. Major tenants include Singtel, Stripe, DSO National Laboratories, Pinterest, DBS, CareFusion, Wesfarmers, Citibank and JPMorgan. Ascendas Reit is listed in several indices. These include the FTSE Straits Times Index, the Morgan Stanley Capital International, Inc (MSCI) Index, the European Public Real Estate Association/National Association of Real Estate Investment Trusts (EPRA/NAREIT) Global Real Estate Index and Global Property Research (GPR) Asia 250. Ascendas Reit has an issuer rating of A3' by Moody's Investors Service. Ascendas Reit is managed by Ascendas Funds Management (S) Limited, a wholly owned subsidiary of Singapore-listed CapitaLand Limited, one of Asia's largest diversified real estate groups.

URL

https://www.ascendas-reit.com/en/about-ascendas-reit

IPO date

Nov 19, 2002

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title SGD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title SGD in thousands, except ratios and share amounts	2024‑12	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2019‑03	2018‑03	2017‑03	2016‑03
Income
Revenues	1,523,046 2.92%	1,479,778 12.35%	1,317,072 6.77%
Cost of revenue	571,703	559,398	574,365
Unusual Expense (Income)
NOPBT	951,343	920,380	742,707
NOPBT Margin	62.46%	62.20%	56.39%
Operating Taxes	(17,861)	(6,322)	84,391
Tax Rate			11.36%
NOPAT	969,204	926,702	658,316
Net income	764,107 328.12%	178,478 -76.53%	760,386 -20.55%
Dividends	(657,757)	(660,616)	(649,698)
Dividend yield	5.82%	5.05%	5.65%
Proceeds from repurchase of equity		500,000
BB yield		-3.82%
Debt
Debt current	1,019,830	1,093,469	872,728
Long-term debt	6,764,812	6,720,057	6,215,597
Deferred revenue			48,981
Other long-term liabilities	185,433	219,824	478,161
Net debt	7,616,901	7,480,511	6,575,811
Cash flow
Cash from operating activities	947,687	956,282	854,114
CAPEX			(125,855)
Cash from investing activities	(61,647)	(925,712)	(376,824)
Cash from financing activities	(944,880)	(28,176)	(615,990)
FCF	1,003,580	631,109	560,930
Balance
Cash	167,741	221,579	217,018
Long term investments		111,436	295,496
Excess cash	91,589	259,026	446,660
Stockholders' equity	10,009,577	17,155,778	27,105,613
Invested Capital	17,557,086	17,348,273	16,797,734
ROIC	5.55%	5.43%	3.93%
ROCE	5.35%	5.18%	4.26%
EV
Common stock shares outstanding	4,395,568	4,316,900	4,199,719
Price	2.57 -15.18%	3.03 10.58%	2.74 -7.12%
Market cap	11,296,611 -13.64%	13,080,207 13.67%	11,507,230 -5.50%
EV	18,914,183	27,805,367	24,954,348
EBITDA	951,343	920,380	742,707
EV/EBITDA	19.88	30.21	33.60
Interest	267,449	256,665	189,175
Interest/NOPBT	28.11%	27.89%	25.47%