In Singapore, the trust’s logistics assets saw the highest rent reversion of 23.6%, highlighting the continued favourable demand and supply dynamics of the sector, says RHB Bank Singapore’s Vijay Natarajan.
Analysts are keeping their “buy” and "add" calls on CapitaLand Ascendas REIT’s (CLAR) (SGX:A17U
) following the strong rental reversion it recorded in its 1QFY2023 ended March.
During the quarter, CLAR’s rent reversion improved to 11.1% versus the 8% recorded in 4QFY2022 ended December. Three of its four geographies recorded double-digit figures, namely Australia at 14.3%, US at 11.3% and Singapore at 11.2%.
