0122 GMT - CapitaLand Ascendas REIT's diversified portfolio likely provides steady growth, UOB Kay Hian's Jonathan Koh says in a research report. Management plans to recycle assets in Singapore and reposition toward technology, logistics and biomedical science, the analyst notes. The REIT will also pursue redevelopments and asset enhancement initiatives in Singapore, the analyst says. Moreover, the REIT intends to expand its logistics presence in the U.S. However, the brokerage cuts its 2026 and 2027 distribution-per-unit forecasts for the REIT by 6% each, partly due to lower occupancy in the U.K. and Europe. It lowers the REIT's target price to S$3.70 from S$4.02, with an unchanged buy rating. Units are unchanged at S$2.79. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 10, 2026 20:22 ET (01:22 GMT)
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