Ascendas Real Estate Investment Trust
SGX:A17U
Intrinsic Value
Ascendas Real Estate Investment Trust engages in the investment in a diverse portfolio of properties and property related assets. [ Read More ]
There is not enough data to reliably calculate the intrinsic value of A17U.
Fundamental Analysis
CapitaLand Ascendas REIT H1 2023 Performance
2023-Q2 Earnings Call
CapitaLand Ascendas REIT's H1 2023 report showed a 1% decrease in distribution income to $327.5 million and a 2% decline in distribution per unit (DPU). Gross revenue, however, rose by 7.7% to $718.1 million, largely from acquisitions in Singapore. Net property income also saw a 6.7% increase. The occupancy rate remained stable at 94.4%, with positive rental reversion at 14.2%. The company maintains a healthy leverage of 36.7% and has raised $500 million in equity to sustain its gearing level. With a strong natural hedge of 75%, adverse exchange rate effects are minimized. For interest-sensitive debt, a 100 basis point increase could result in a DPU decrease of 1.8% for distributions. Rental reversion guidance is a positive high single-digit for the year.
Balance Sheet Decomposition
Ascendas Real Estate Investment Trust
Current Assets | 377.2m |
Cash & Short-Term Investments | 221.6m |
Receivables | 92.8m |
Other Current Assets | 62.8m |
Non-Current Assets | 17.9B |
Long-Term Investments | 17.1B |
PP&E | 646.3m |
Other Non-Current Assets | 185.8m |
Current Liabilities | 1.6B |
Accounts Payable | 423.5m |
Short-Term Debt | 246.4m |
Other Current Liabilities | 933.2m |
Non-Current Liabilities | 6.4B |
Long-Term Debt | 6.1B |
Other Non-Current Liabilities | 372.6m |
Earnings Waterfall
Ascendas Real Estate Investment Trust
Revenue
|
1.5B
SGD
|
Cost of Revenue
|
-559.4m
SGD
|
Gross Profit
|
920.4m
SGD
|
Operating Expenses
|
0
SGD
|
Operating Income
|
920.4m
SGD
|
Other Expenses
|
-741.9m
SGD
|
Net Income
|
178.5m
SGD
|
Free Cash Flow Analysis
Ascendas Real Estate Investment Trust
What is Free Cash Flow?
A17U Profitability Score
Profitability Due Diligence
Ascendas Real Estate Investment Trust's profitability score is 63/100. The higher the profitability score, the more profitable the company is.
Score
Ascendas Real Estate Investment Trust's profitability score is 63/100. The higher the profitability score, the more profitable the company is.
A17U Solvency Score
Solvency Due Diligence
Ascendas Real Estate Investment Trust's solvency score is 30/100. The higher the solvency score, the more solvent the company is.
Score
Ascendas Real Estate Investment Trust's solvency score is 30/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
A17U Price Targets Summary
Ascendas Real Estate Investment Trust
According to Wall Street analysts, the average 1-year price target for A17U is 3.2 with a low forecast of 2.76 and a high forecast of 3.8 .
Shareholder Return
A17U Price
Ascendas Real Estate Investment Trust
Average Annual Return | 3.95% |
Standard Deviation of Annual Returns | 5.28% |
Max Drawdown | -34% |
Market Capitalization | 12.2B |
Shares Outstanding | 4 393 610 240 |
Percentage of Shares Shorted |
N/A
|
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Ascendas Real Estate Investment Trust engages in the investment in a diverse portfolio of properties and property related assets. The Company, through its subsidiaries, is engaged in investing in a diverse portfolio of properties and property-related assets with the primary objective to deliver predictable distributions and achieve long-term capital stability for unitholders. Its segments include Business & Science Park Properties, Integrated Development, Amenities & Retail Properties, Hi-Specifications Industrial Properties, Light Industrial Properties & Flatted Factories, Logistics & Distribution Centres and Data Centres. The company has a portfolio of properties in Singapore, Australia, the United Kingdom, and the United States, which house international and local companies from a range of industries and activities, including research and development, life sciences, information technology, engineering, light manufacturing, logistics service providers, electronics, telecommunications and manufacturing services, among others.