Industrial S-REIT
CapitaLand Ascendas REIT (A17U)
A Singapore-listed industrial REIT (S-REIT) sponsored by CapitaLand. Every figure below comes from A17U's own published results, each with its date — a factual data page, not a recommendation.
Distribution yield
Under review
We've paused A17U's yield after a big corporate event — e.g. a share placement — until we re-check the figures against fresh source documents. See our methodology .
Check the current live quote at CapitaLand's investor relations site ↗
Key metrics
- Unit price
- S$2.52
- Price vs book value (P/NAV)
- 1.10x
- How much it borrows (gearing)
- 42.0%
- How easily it covers its interest (ICR)
- 3.5x
- Market cap
- S$12.6B
- Distribution frequency
- semi-annual
as of 13 Jul 2026
Book value (NAV) S$2.29 as of 31 Dec 2025 · under 1.0 means trading below book value
as of 31 Mar 2026 · debt as a share of assets — MAS caps this at 50%
as of 31 Mar 2026
price × units outstanding
Payout history (DPU)
Every payout per unit (DPU) A17U has disclosed in our record, most recent first, each linking back to its source document. The yield above counts each period's full regular payout over the last 12 months — a placement advance is folded into its own period, while one-off specials and advances for a future period (shown separately below) are left out.
| Period | Type | Paid on | Payout | Source |
|---|---|---|---|---|
| Advance distribution, 1 Jan – 1 Apr 2026 (for the Mar/Apr-2026 equity fund raising — a future-period advance, excluded from the trailing FY2025 figure) | advance | 30 Apr 2026 | 3.75c | Source ↗ |
| 2H FY2025 | regular | 13 Mar 2026 | 7.528c | Source ↗ |
| 1H FY2025 | regular | 04 Sep 2025 | 7.477c | Source ↗ |
What this yield doesn't tell you
- Yield is not total return. A17U's total return also depends on the change in unit price, which this figure ignores.
- Distributions (DPU) are not guaranteed the way a bond coupon is — the REIT manager can cut the distribution per unit if income or capital conditions require it.
- Unit prices generally fall when interest rates rise, since REITs compete with bonds for income-seeking capital and are typically leveraged.
- An unusually high yield can signal distress — the market may be pricing in a distribution cut or refinancing risk (a "yield trap"), not a bargain.
- A17U is not capital-guaranteed and is taxed differently from SGS/SSB: SGS and SSB interest paid to individuals is tax-exempt in Singapore, while REIT distributions run a separate regime that depends on the component (taxable, tax-exempt, or capital). See iras.gov.sg for the current rules.