CapitaLand Ascendas REIT (OTCMKTS:ACDSF – Get Free Report) and Innovative Industrial Properties (NYSE:IIPR – Get Free Report) are both real estate companies, but which is the better investment? We will compare the two companies based on the strength of their earnings, valuation, institutional ownership, risk, profitability, analyst recommendations and dividends.
Analyst Recommendations
This is a summary of current ratings and price targets for CapitaLand Ascendas REIT and Innovative Industrial Properties, as provided by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| CapitaLand Ascendas REIT | 0 | 0 | 0 | 0 | 0.00 |
| Innovative Industrial Properties | 1 | 3 | 0 | 0 | 1.75 |
Innovative Industrial Properties has a consensus price target of $48.00, indicating a potential downside of 17.74%. Given Innovative Industrial Properties’ stronger consensus rating and higher possible upside, analysts clearly believe Innovative Industrial Properties is more favorable than CapitaLand Ascendas REIT.
Institutional & Insider Ownership
Earnings & Valuation
This table compares CapitaLand Ascendas REIT and Innovative Industrial Properties”s gross revenue, earnings per share and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| CapitaLand Ascendas REIT | N/A | N/A | N/A | N/A | N/A |
| Innovative Industrial Properties | $265.95 million | 6.05 | $118.25 million | $4.41 | 13.23 |
Innovative Industrial Properties has higher revenue and earnings than CapitaLand Ascendas REIT.
Profitability
This table compares CapitaLand Ascendas REIT and Innovative Industrial Properties’ net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| CapitaLand Ascendas REIT | N/A | N/A | N/A |
| Innovative Industrial Properties | 52.27% | 7.73% | 5.69% |
Summary
Innovative Industrial Properties beats CapitaLand Ascendas REIT on 8 of the 8 factors compared between the two stocks.
About CapitaLand Ascendas REIT
CapitaLand Ascendas REIT (CLAR) is Singapore’s first and largest listed business space and industrial real estate investment trust. It was listed on the Singapore Exchange Securities Trading Limited (SGX-ST) in November 2002. CLAR has since grown to be a global REIT anchored in Singapore, with a strong focus on tech and logistics properties in developed markets. As at 31 December 2023, its investment properties under management stood at S$16.9 billion. It owns a total of 232 properties across three segments, namely Business Space and Life Sciences; Logistics; and Industrial and Data Centres. These properties are in the developed markets of Singapore, the United States, Australia, and the United Kingdom/Europe. These properties house a tenant base of approximately 1,790 international and local companies from a wide range of industries and activities, including data centres, information technology, engineering, logistics & supply chain management, biomedical sciences, financial services (backroom office support), electronics, government and other manufacturing and services industries. Major tenants include Singtel, DSO National Laboratories, SEA Group, Stripe, Entserve UK, DBS, Seagate, Citibank, Pinterest, and Equinix. CLAR is listed in several indices. These include the FTSE Straits Times Index, the Morgan Stanley Capital International, Inc (MSCI) Index, the European Public Real Estate Association/National Association of Real Estate Investment Trusts (EPRA/NAREIT) Global Real Estate Index and Global Property Research (GPR) Asia 250. CLAR has an issuer rating of A3′ by Moody’s Investors Service. CLAR is managed by CapitaLand Ascendas REIT Management Limited, a wholly owned subsidiary of CapitaLand Investment Limited, a leading global real estate investment manager with a strong Asia foothold.
About Innovative Industrial Properties
Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.
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