CapitaLand Ascendas REIT (A17U) told investors at the UBS Global Real Estate CEO/CFO Conference in Singapore on Dec, 3 2025 that it has completed and announced acquisitions totalling about 1.32 billion Singapore dollars year-to-date. Recent deals include the purchase of 5 Science Park Drive for 261 million Singapore dollars on Aug, 6 2025 and the 9 Tai Seng Drive data centre for 463.6 million Singapore dollars on Aug, 11 2025, as well as a proposed 592.6 million Singapore dollars portfolio of three industrial and logistics assets slated to close in the first quarter of 2026.
The trust also highlighted 471.5 million Singapore dollars of completed and pending divestments—about a 7 percent premium to valuation—to recycle capital into newer properties. Major exits include 30 Tampines Industrial Avenue 3, sold for 23 million Singapore dollars on Oct, 16 2025, and a 90 million Singapore dollars sale of 95 Gilmore Road in Australia expected to settle in the fourth quarter of 2025.
Portfolio occupancy stood at 91.3 percent as of Sep, 30 2025, down slightly from 91.8 percent three months earlier, while average rental reversion for the third quarter was positive 7.6 percent. Aggregate leverage rose to 39.8 percent and the weighted average cost of debt was 3.6 percent. About 77.6 percent of borrowings are fixed-rate, the manager said.
Green financing has reached 3.3 billion Singapore dollars, or roughly 44 percent of total borrowings, and 61 percent of gross floor area is now green-certified, up from 49 percent as at Jun, 30 2025.
Looking ahead, CapitaLand Ascendas REIT is working on seven development and enhancement projects valued at 751 million Singapore dollars—including new logistics builds at Manton Wood and Towcester in the United Kingdom—and expects full-year rental reversion to remain in the low double-digit range.
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