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...