Shares & Derivatives
CapitaLand Ascendas REIT’s 2H FY23 Result Review
By REIT-TIREMENT  •  February 18, 2024
Basic Profile & Key Statistics Key Indicators Performance Highlight Gross revenue and NPI have increased YoY mainly due to the full half-yearly contribution from the acquisition of 3 properties in 1H and the acquisition of The Chess Building in August. However, the amount available for distribution has declined slightly YoY due to a significant increase in property expenses and finance costs. DPU has also declined YoY due to the above reasons and an enlarged unitholder base. Rental Reversion Portfolio rental reversion for 4Q and 3Q stands at 15.2% and 10.2%, respectively. The full-year portfolio rental reversion averages at 13.4%. Acquisition/Development/Asset Enhancement Initiative In 2H, CLAR acquired The Chess Building and completed development for MQX4. Additionally, AEIs for The Alpha and 6055 Lusk Boulevard have been completed. Currently, there are 3 ongoing redevelopments and 2 AEIs expected to be completed between 3Q 2024 to 1Q 2026. Divestment On 20 Dec 2023, CLAR announced for divestment of...
Read the full article
By REIT-TIREMENT
I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance