SUBSCRIBERS
CapitaLand Ascendas Reit H2 DPU falls 6.1% to S$0.07441
Published Thu, Feb 1, 2024 · 06:45 PM
RISING interest rates weighed on CapitaLand Ascendas Reit (Clar), as the business and industrial property player saw distribution per unit (DPU) fall 6.1 per cent year on year to 7.441 Singapore cents for the six months ended Dec 31, 2023.
The DPU decline came even as the Reit’s H2 gross revenue rose 11 per cent to S$761.7 million, and net property income (NPI) was up 4.6 per cent to S$514.3 million.
KEYWORDS IN THIS ARTICLE
READ MORE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Arm Holdings plans to launch AI chips in 2025: report
China national detained for illegal mining in Indonesia’s Borneo
South Korea plans 10 trillion won programme to support chip industry
China to nurture stock rally by masking live foreign flows data
Luxury yacht charters rise as uber-rich eschew buying outright
Why prices for chocolate and cocoa went nuts