Basic Profile & Key Statistics
Key Indicators
Performance Highlight
CapitaLand Ascendas REIT (CLAR) reported a slight decline in gross revenue, primarily due to multiple divestments in 2024 and the decommissioning of Welwyn Garden City (UK) in June 2024 and 5 Toh Guan Road East (Singapore) in November 2023. However, this was partially offset by contributions from the newly completed MQX4 development and the convert-to-suit project at 6055 Lusk Boulevard (US) in 4Q 2024. Despite the revenue decline, net property income (NPI) improved slightly due to lower operating expenses. Coupled with lower interest expenses, both distributable income and DPU saw an improvement.
Rental Reversion
CLAR achieved strong rental reversions, with portfolio rental reversion at 8.6% for 4Q and 14.4% for 3Q, bringing the full-year average rental reversion to 11.6%.
Acquisition
On January 15, 2025, CLAR completed the acquisition of DHL Indianapolis Logistics Center. Additionally, the Summerville Logistics Center acquisition under development is expected to
