CapitaLand Ascendas REIT Could Face Share Price Pressure on Earnings Miss -- Market Talk

Dow Jones02-02

0627 GMT - CapitaLand Ascendas REIT's latest earnings bode ill for share price, but the company still looks like a buy, Citi Research analyst Brandon Lee writes in a research note. The REIT's 2H earnings came in just short of expectations, with Singapore's performance offsetting weakness in the U.S. and the impact of higher debt costs and an expanded share base, Lee writes. Still, he maintains a buy rating and thinks the stock could rise to his target price of S$3.02. Units are 1.4% higher at S$2.90, in line with gains in other Singapore-based REITs. (amanda.lee@wsj.com)

(END) Dow Jones Newswires

February 02, 2024 01:27 ET (06:27 GMT)

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The REIT's 2H ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"REIT","symbol_name":"ALPS Active REIT ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2408625105","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2408625105","pubTimestamp":1706855220,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0627 GMT - CapitaLand Ascendas REIT's latest earnings bode ill for share price, but the company still looks like a buy, Citi Research analyst Brandon Lee writes in a research note. 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