The Business Times
SUBSCRIBERS

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

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

    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.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Capitaland Ascendas ReitFinancial resultsReits

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More