CapitaLand Ascendas REIT Units

A17U: XSES (SGP)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	SGD 7.10	Qkrmd	Swlhxpzd

CapitaLand Ascendas REIT Earnings: Asset Enhancements to Drive Growth

Xinfu Lee

Jul 31, 2024

CapitaLand Ascendas REIT’s first-half 2024 net property income rose 3.9% year on year, driven by its asset acquisitions in 2023, the completion of MQX4 development in Australia, and the convert-to-suit project at 6055 Lusk Boulevard in the United States. However, distribution per unit fell by 2.5% year on year as the higher NPI was offset by higher interest expense and an enlarged unit base.

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