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CapitaLand Ascendas REIT (SG:A17U)
SGX:A17U
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
S$0.07Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2024
|% Change Since: -6.55%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a generally balanced view with a mix of positive financial growth metrics, strong asset performance, and challenges in specific regions, particularly in the U.S. Despite higher revenue and distributable income, challenges like the decline in DPU and occupancy issues in the U.S. were noted.Company Guidance
During the Q2 2024 earnings call for CapitaLand Ascendas REIT (CLAR), the management provided several key performance metrics and forward guidance. Distributable income for the first half of FY 2024 increased by 1.1% to $313.8 million, while the Distribution Per Unit (DPU) decreased by 2.5% to $0.07524. The REIT's investment properties held steady at $16.87 billion, with a portfolio occupancy rate of 93.2% and a rental reversion of 13.4%. The gearing ratio was healthy at 37.8%, and the cost of debt remained stable at 3.7%. When comparing the first half of FY 2024 to the first half of FY 2023, gross revenue rose by 7.2% to $770.1 million, and Net Property Income (NPI) increased by 3.9% to $528.4 million. For the second half of FY 2024, CLAR anticipates rental reversion in the high single-digit range and plans to distribute dividends of $0.07524 per unit on September 2. Additionally, the company reported a positive rental reversion of 11.7% for the first half of the year, with the highest demand coming from sectors such as engineering, IT, and data centers in Singapore, and financial services and biomedical sectors overseas.Positive Distributable Income Growth
Distributable income increased by 1.1% to $313.8 million in the first half of FY 2024.
Gross Revenue Increase
Gross revenue increased by 7.2% to $770.1 million compared to the first half of FY 2023.
High Portfolio Occupancy and Rental Reversion
Portfolio occupancy remained high at 93.2%, with a rental reversion of 13.4% for leases renewed in the first half.
Healthy Gearing and Cost of Debt
Gearing is healthy at 37.8% and the cost of debt remains stable at 3.7%.
Successful Asset Enhancement Initiatives (AEI)
Completed AEI at Pacific Tech Centre increased occupancy from 83.7% to 92.4%.
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SG:A17U Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SG:A17U Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 25, 2024 | S$2.75 | S$2.74 | -0.36% |
| Jul 30, 2024 | S$2.60 | S$2.60 | +0.39% |
| Apr 22, 2024 | S$2.48 | S$2.52 | +1.57% |
| Feb 01, 2024 | S$2.76 | S$2.69 | -2.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does CapitaLand Ascendas REIT (SG:A17U) report earnings?
CapitaLand Ascendas REIT (SG:A17U) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is CapitaLand Ascendas REIT (SG:A17U) earnings time?
CapitaLand Ascendas REIT (SG:A17U) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of CapitaLand Ascendas REIT stock?
The P/E ratio of CapitaLand Ascendas REIT is 74.9.
What is SG:A17U EPS forecast?
Currently, no data Available
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