CapitaLand Ascendas REIT announced a decline in dividends for the second half of 2023. We find out if the REIT can stay resilient amidst sector headwinds. What happened? Many in the Beansprout community wanted to get an update on CapitaLand Ascendas REIT (SGX: A17U) after it reported its 2023 earnings. After all, we shared that CapitaLand Ascendas REIT was one of the most resilient REITs last year which saw share price gains.  CapitaLand Ascendas REIT reported a distribution per unit of 7.441 cents for the second half of 2023 (2H 2023), a 6.1% decline compared to the previous year. This would bring the total distribution per unit to 15.16 cents for 2023, a 4.0% decline compared to the previous year. CapitaLand Ascendas REIT’s share price has taken a tumble, falling by 6% year to date to reach S$2.79 as of 23 February. Let’s take a deeper look at the REIT’s latest results to find out what is driving the weakness in its share price....