Shares & Derivatives
CapitaLand Ascendas Real Estate Investment Trust (SGX: A17U): 2022 Full Year Result
By ViresInSolitudine  •  February 19, 2023
On 2 February 2023, CapitaLand Ascendas Real Estate Investment Trust (“CLAR”) have announced their full year result for FY2022. Despite the unfavorable environment for REITs with the high interest rates and looming recession, CLAR has posted a strong and stable financial performance this year, and have declared a distribution to be paid out in March 2023. Similar to other REITs with strong financial positions, CLAR is currently trading at a premium to its book value. Assuming nothing significant happens, I am expecting dividend yield to be around 5.68% for the calendar year 2023. In view that long-term interest rates are showing signs of falling, this is favorable and may provide resilience against the share price falling significantly despite its premium. Website: Financial Statements And Related Announcement::Full Yearly Results Photo source: https://www.edgeprop.sg/property-news/capitaland-ascendas-reit-posts-35-higher-dpu-fy2022-occupancy-hits-10-year-high CLAR is Singapore’s first and largest listed business space and industrial real estate investment trust. As one...
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By ViresInSolitudine
I am an ex-auditor. I tend to adopt a more skeptical view and downplay what Companies like to project themselves as.
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