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CapitaLand Ascendas Reit H2 DPU rises 4.3% to S$0.07925 on higher revenue

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Paige Lim
Jude Chan

Paige Lim &

Jude Chan

Published Thu, Feb 2, 2023 · 07:30 PM
    • Clar's recent acquisitions include a cold-storage logistics facility at 1, Buroh Lane (above). The Reit's gross revenue was up 7.1 per cent to S$686.1 million for H2 FY2022, from S$640.5 million a year earlier.
    • Clar's recent acquisitions include a cold-storage logistics facility at 1, Buroh Lane (above). The Reit's gross revenue was up 7.1 per cent to S$686.1 million for H2 FY2022, from S$640.5 million a year earlier. PHOTO: CLAR

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    CAPITALAND Ascendas Reit (Clar) on Thursday (Feb 2) posted a distribution per unit (DPU) of S$0.07925 for the second half ended Dec 31, 2022, up 4.3 per cent from S$0.07598 in the year-ago period.

    The increase was driven by strong performance on the operational front, with portfolio occupancy hitting a 10-year high of 94.6 per cent.

    The real estate investment trust (Reit) manager noted that the portfolio achieved positive average rent reversion of 8 per cent for leases renewed in FY2022, improving from 4.5 per cent in the previous year.

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    Capitaland Ascendas ReitFinancial resultsReits

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