CapitaLand Ascendas Reit H2 DPU rises 3.2% to S$0.07681

THE distribution per unit (DPU) of CapitaLand Ascendas Real Estate Investment Trust (Clar) for the second half ended Dec 31, 2024, was S$0.07681 – 3.2 per cent higher than S$0.07441 from the corresponding year-ago period, its manager said on Thursday (Feb 6).

Distributable income rose 3.4 per cent year on year (yoy) to S$338 million, from S$326.9 million. The distribution will be paid on Mar 11, after the record date of Feb 14.

These increases came even as Clar’s H2 revenue dropped 1.1 per cent to S$753 million, from S$761.7 million. This was mainly attributed to divestments of four properties in Australia and Singapore, and lower utilities income. It was partially offset by the completion of an office building in Australia and a convert-to-suit project of another office building in the US.