CAPITALAND Ascendas Reit : A17U 0% (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.