First Time Loading...

Ascendas Real Estate Investment Trust
SGX:A17U

Watchlist Manager
Ascendas Real Estate Investment Trust Logo
Ascendas Real Estate Investment Trust
SGX:A17U
Watchlist
Price: 2.77 Market Closed
Updated: Mar 28, 2024

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.

Key Points:
A17U Intrinsic Value
Base Case
Not Available
Base Case Scenario

Fundamental Analysis

CapitaLand Ascendas REIT H1 2023 Performance
2023-Q2 Earnings Call

CapitaLand Ascendas REIT H1 2023 Performance

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.

Financials

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
Efficiency

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

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
Chart
Table
What is Free Cash Flow?
Fundamental Scores

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.

63/100
Profitability
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.

Long-Term Solvency
Low D/E
Low Altman Z-Score
Short-Term Solvency
30/100
Solvency
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

Wall Street analysts forecast A17U stock price to rise over the next 12 months.

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 .

Lowest
Price Target
2.76
0% Downside
Average
Price Target
3.2
16% Upside
Highest
Price Target
3.8
37% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

A17U Price
Ascendas Real Estate Investment Trust

1M 1M
+0%
6M 6M
+2%
1Y 1Y
+0%
3Y 3Y
+3%
5Y 5Y
+24%
10Y 10Y
+115%
Annual Price Range
2.77
52w Low
2.48
52w High
3.03
Price Metrics
Average Annual Return 3.95%
Standard Deviation of Annual Returns 5.28%
Max Drawdown -34%
Shares Statistics
Market Capitalization 12.2B
Shares Outstanding 4 393 610 240
Percentage of Shares Shorted
N/A

A17U Return Decomposition
Main factors of price return

What is price return decomposition?

Company Profile

Ascendas Real Estate Investment Trust Logo
Ascendas Real Estate Investment Trust

Country

Singapore

Industry

Real Estate

Market Cap

12.2B

Dividend Yield

0%

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.

Contact

168 Robinson Road, #30-01 Capital Tower
+6567132888.0
https://www.ascendas-reit.com/en/about-ascendas-reit

IPO

2002-11-19

Employees

-

Officers

CEO & Executive Non-Independent Director of CapitaLand Ascendas REIT Management Limited - Manager
Mr. Wee Leong Tay
Chief Financial Officer of CapitaLand Ascendas REIT Management Limited - Manager
Ms. Lee Sze Koo
Head of Investment for CapitaLand Ascendas REIT Management Limited - Manager
Mr. Ram Soundararajan
Head of Capital Markets & Investor Relations of CapitaLand Ascendas REIT Management Ltd - Manager
Ms. Kit Peng Yeow
Head of Portfolio Management for CapitaLand Ascendas REIT Management Limited - Manager
Mr. Chat Shen Goh C.F.A.
Managing Director of Europe, Investment & Portfolio Management
Ms. Michelle Lee
Show More
Company Secretary of CapitaLand Ascendas REIT Management Limited - Manager
Ms. Chai Ping Koh
Managing Director of Capitaland Australia
Mr. Paul Toussaint
Managing Director of CapitaLand USA
Mr. Dang T. Phan
Show Less

See Also

Discover More