Goldman Sachs upgrades CapitaLand Ascendas stock to Buy at SGD 2.66

Published on 10/15/2026 at 19:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue rose 6.70 percent to SGD 805.50 million. CapitaLand Ascendas stock costs EUR 1.51 on October 15, 2026, 1.95 percent below Xetra close.

Analyst target and reporting date

Goldman Sachs set a SGD 2.66 target on October 14, 2026.
First-half revenue rose 6.70 percent to SGD 805.50 million.
CapitaLand Ascendas stock costs EUR 1.51 at Lang & Schwarz on October 15, 2026 at 7:03 p.m. CEST, 1.95 percent below the Tradegate close of October 14, 2026.
CapitaLand Ascendas reports its next results on October 29, 2026.

CapitaLand Ascendas, SG1M77906915, Illustration mit AI erstellt.

Goldman Sachs upgraded CapitaLand Ascendas REIT from Neutral to Buy on October 14, 2026, and set a price target of SGD 2.66, down from SGD 2.79, according to Markets Insider. The target stood 22.02 percent above the SGX price of SGD 2.18 on October 15. The euro quote was EUR 1.51 at Lang & Schwarz on October 15, 2026 at 7:03 p.m. CEST, down 1.95 percent from the Tradegate close of EUR 1.54 on October 14, 2026.

Revenue grows, distributions lag

CapitaLand Ascendas REIT's first-half 2026 revenue rose 6.70 percent year over year to SGD 805.50 million, while total distributable income increased 8.60 percent to SGD 359.40 million. Distribution per unit rose only 0.10 percent to SGD 0.07482 because of unit dilution, and portfolio occupancy fell to 89.10 percent from 91.80 percent a year earlier, according to The Kopi Notes.

Price sits below yearly high

The SGX quote stood at SGD 2.18 at 5:07 p.m. SGT on October 15, 2026, with 54,270,300 units traded. Its 52-week range was SGD 2.14 to SGD 2.92, placing the price 25.34 percent below the high. The Lang & Schwarz bid was EUR 1.50 and the ask EUR 1.53 at 7:03 p.m. CEST.

Valuation and October date

Market capitalization was SGD 10.9 billion, the price-to-earnings ratio was 13.75, and the dividend yield was 7.00 percent as of October 15, 2026. CapitaLand Ascendas REIT is scheduled to report its next results on October 29, 2026, according to The Kopi Notes. The company operates business space, logistics, industrial and data center properties across developed markets, according to its investor-relations site.

Comparison with peers

CapitaLand Ascendas REIT (SGX, SGD): minus 1.95 percent, P/E 13.75, market capitalization SGD 10.9 billion.

Mapletree Industrial Trust (SGX, SGD): minus 1.10 percent, P/E 25.57, market capitalization SGD 5.1 billion.

CapitaLand Integrated Commercial Trust (SGX, SGD): plus 0.45 percent, P/E 13.75, market capitalization SGD 17.5 billion.

Price and investor calendar

The analyst target, first-half distribution growth and October reporting date give investors three measurable reference points for the next valuation discussion.

CapitaLand Ascendas stock was trading at EUR 1.51 at Lang & Schwarz on October 15, 2026 at 7:03 p.m. CEST, 1.95 percent below the Tradegate close of EUR 1.54 on October 14, 2026. The further course of trading is shown by the continuously updated real-time quote of CapitaLand Ascendas stock.