On 27 October 2023, CapitaLand Ascendas Real Estate Investment Trust (“CLAR”) have announced their FY2023 third quarter business update. Similar to prior quarters, as a business update with only semi-annual distributions, there were no disclosures about DPU. Although with the falling interest coverage it is likely to have fallen due to incurring higher interest expense. Whilst this is nothing new, it is something that investors have to take note off as interest rates look poised to increase. Excluding this, CLAR has continued to show stability in the other areas fundamentally.

Website: General Announcement::Business Updates For The Third Quarter Ended 30 September 2023

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 of Singapore’s REIT pioneers, CLAR has played a crucial role in the development of the Singapore REIT sector, providing an attractive platform for investment in business park