CapitaLand Ascendas Reit posts 0.1% rise in H1 DPU to S$0.07482
Distributable income up 8.6% at S$359.4 million on acquisitions and existing properties’ performance
[SINGAPORE] The manager of CapitaLand Ascendas Real Estate Investment Trust (Clar) on Wednesday (Aug 5) posted a distribution per unit (DPU) of S$0.07482 for the first half ended June, up 0.1 per cent from S$0.07477 in the previous corresponding period.
The DPU includes an advanced distribution of S$0.0375 for the period from Jan 1 to Apr 1, which was paid on Apr 30. The remaining S$0.03732 will be paid on Sep 8, after the record date on Aug 14.
Distributable income rose 8.6 per cent to S$359.4 million, from S$331.1 million in the year-ago period.
This was driven by acquisitions completed in Singapore, Europe, the US and Japan in 2025 and 2026, as well as the “resilient performance” of existing properties that “more than offset the impact” of divestments done this year.
Revenue for H1 expanded 6.7 per cent year on year to S$805.5 million, and net property income climbed 6.2 per cent on the year to S$556.1 million.
The growth was led by acquisitions and a stronger performance from existing properties in Australia.
“We expect to complete two more acquisitions in Singapore in H2 2026, which will enhance portfolio quality and income contribution,” said William Tay, chief executive officer and executive director of Clar’s manager.
He added: “With a strengthened balance sheet, ample financial flexibility, a resilient portfolio and a clear growth strategy, Clar is well-positioned to deliver stable, sustainable returns to unitholders.”
Units of Clar ended Wednesday 0.8 per cent or S$0.02 higher at S$2.57, before the results release.
