CapitaLand Ascendas REIT (A17U.SI) stock analysis

In our weekly check, CapitaLand Ascendas REIT is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 13 pass, warnings: 4, red flags: 8.

About CapitaLand Ascendas REIT

CapitaLand Ascendas REIT is a Real Estate company (REIT - Industrial) based in Singapore, listed on SES as A17U.SI.

What our checks show for A17U.SI

Red flags

• Net debt is 8.8x a year of EBITDA (debt/equity 0.77). That limits room in a downturn and raises refinancing risk.
• The net margin fell by 28.4 points over 5 years, to 49.6%: the company keeps less of each sale as profit.
• The gross margin fell by 4.8 points, to 63.4%: costs are rising faster than prices.
• Analysts expect the net margin to shrink by 9.1 points from today's 49.6%.
• The dividend takes 110% of profit: little cushion if profit falls.
• The stock has fallen as much as 68% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 10.9 years.
• Return on capital (ROCE) is only 4.6%.

Warning signs

• Operating profit covers interest only 2.5 times: a weak year could make the payments hard.
• Analysts expect earnings per share to shrink about 2% a year.
• Analysts expect only about 4.2% a year of growth in revenue.
• Earnings per share fell 1.9% a year over the last 3 years.

Strengths

• The company keeps 49.6% of its revenue as net profit.
• Free cash flow is 44.3% of revenue: cash for dividends, buybacks or growth.
• The price is 13.9 times earnings (P/E), reasonable for its growth.
• The price moves calmly: 13.9% annual volatility.
• Beta 0.37: the stock usually moves less than the market.
• Actively traded: about 27.3 million shares a day.

Similar companies

EGP · SGRO.L · CUBE · REXR · LINE · FR

Questions

What grade does CapitaLand Ascendas REIT (A17U.SI) have?

In our weekly check, CapitaLand Ascendas REIT is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 13 pass, warnings: 4, red flags: 8. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of A17U.SI stock?

This week's biggest flags for CapitaLand Ascendas REIT: High debt, Margins falling, Gross margin falling. In total 12 of 25 checks show a warning or a red flag.

What does CapitaLand Ascendas REIT do?

CapitaLand Ascendas REIT is a Real Estate company (REIT - Industrial) based in Singapore, listed on SES as A17U.SI.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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