ACDSF (CapitaLand Ascendas REIT) Net Income: $606 Mil (TTM As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ACDSF CapitaLand Ascendas REIT ACDSF
77 GF Score
Price $1.90
GF Value $1.83
Valuation Fairly Valued
! 9 Warning Signs
View Full Analysis

What is CapitaLand Ascendas REIT Net Income?

CapitaLand Ascendas REIT ACDSF 77 Net Income is $606 Mil as of Dec. 2025. GuruFocus rates ACDSF with a GF Score™ of 77/100 and a GF Value™ of $1.83 (Fairly Valued). The stock has 9 warning signs investors should review.

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. CapitaLand Ascendas REIT's Net Income for the six months ended in Dec. 2025 was $370 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was $606 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. CapitaLand Ascendas REIT's Earnings per Share (Diluted) for the six months ended in Dec. 2025 was $0.08.


CapitaLand Ascendas REIT  (OTCPK:ACDSF) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

CapitaLand Ascendas REIT's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2025 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


CapitaLand Ascendas REIT Net Income Related Terms


CapitaLand Ascendas REIT Net Income Historical Data

* Premium members only.

The historical data trend for CapitaLand Ascendas REIT's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

CapitaLand Ascendas REIT Net Income Chart

CapitaLand Ascendas REIT Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 701.95 562.50 126.32 565.84 604.10

CapitaLand Ascendas REIT Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -153.27 261.69 303.90 236.05 369.55
ACDSF
77GF Score
CapitaLand Ascendas REIT ACDSF
Net Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CapitaLand Ascendas REIT Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

CapitaLand Ascendas REIT's Net Income for the fiscal year that ended in Dec. 2025 is calculated as

Net Income(A: Dec. 2025 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=647.312+-43.209+0+-1.1368683772162E-13
=604

CapitaLand Ascendas REIT's Net Income for the quarter that ended in Dec. 2025 is calculated as

Net Income(Q: Dec. 2025 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=396.428+-26.877+0+0
=370

Net Income for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $606 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Net Income →
What does a Net Income of $606 Mil mean?
CapitaLand Ascendas REIT (ACDSF) has a Net Income of $606 Mil as of Dec. 2025. Net Income is the total earnings after all operating expenses, interest and taxes. View historical data on CapitaLand Ascendas REIT and its competitors.
Is CapitaLand Ascendas REIT's Net Income too high?
CapitaLand Ascendas REIT's current Net Income is $606 Mil. Overall, CapitaLand Ascendas REIT has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CapitaLand Ascendas REIT's Net Income compare to PLD and PSA?
CapitaLand Ascendas REIT's Net Income of $606 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Income for a REITs company?
A good Net Income depends on the REITs industry context. However, Net Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Income mean?
A high Net Income can signal that a stock is expensive relative to its fundamentals. Net Income is the total earnings after all operating expenses, interest and taxes. View historical data on CapitaLand Ascendas REIT and its competitors. CapitaLand Ascendas REIT's current Net Income is $606 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CapitaLand Ascendas REIT stock overvalued right now?
Based on GuruFocus' analysis, CapitaLand Ascendas REIT (ACDSF) is currently considered Fairly Valued. The stock's GF Value™ is $1.83, compared to a current price of $1.90 — trading 3.6% above its estimated fair value. The current Net Income is $606 Mil. CapitaLand Ascendas REIT's overall GF Score™ is 77/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Income calculated?
Net Income is calculated from a company's financial statements. For CapitaLand Ascendas REIT (ACDSF), the current Net Income is $606 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is CapitaLand Ascendas REIT (ACDSF) Overvalued in 2026?

Based on GuruFocus' analysis, CapitaLand Ascendas REIT stock appears to be overvalued. The current stock price of $1.90 is trading 3.6% above its estimated GF Value™ of $1.83. GuruFocus considers CapitaLand Ascendas REIT to be Fairly Valued.

Key valuation signals for ACDSF:

  • Net Income: $606 Mil
  • GF Value™: $1.83 vs. price of $1.90 (3.6% above fair value)
  • GF Score™: 77/100 with 9 warning signs

No single metric tells the full story. See the ACDSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CapitaLand Ascendas REIT Business Description

Industry Real EstateREITs
Other Exchanges A17U:SingaporeS3Z:Germany
Address 168 Robinson Road, No. 30-01 Capital Tower, Singapore, SGP, 068912
CapitaLand Ascendas REIT is a real estate investment trust focusing on the industrial and business space. As of Dec. 31, 2025, it held a SGD 18.2 billion portfolio of 222 properties across Singapore, Australia, Europe, and the US. The property types encompass business and science parks, high-specification industrial properties, data centers, light industrial properties, and logistics and distribution centers. The trust is externally managed by Ascendas Funds Management, a subsidiary of CapitaLand Investment, which owns a 17.5% stake in the trust.
77GF Score

Get the complete analysis for ACDSF

Net Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.90
Price
$1.83
GF Value