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CapitaLand Ascendas REIT (A17U.SI)
- EdgeProp
CapitaLand Ascendas REIT posts 3.5% higher DPU for FY2022, occupancy hits 10-year high
The REIT's DPU for 2HFY2022 rose by 4.3% y-o-y to 7.925 cents. Photo: CLARSINGAPORE (EDGEPROP) - CapitaLand Ascendas REIT (CLAR) has posted 3.5% higher y-o-y distribution per unit (DPU) to 15.798 cents, underpinned by portfolio occupancy reaching a 10-year high of 94.6% in FY20222 ended December.The REIT's DPU for 2HFY2022 rose by 4.3% y-o-y to 7.925 cents.Gross revenue for FY2022 rose by 10.3% y-o-y to $1.35 billion. Net property income (NPI) rose by 5.2% y-o-y to $968.8 million.The total amoun
- EdgeProp
Ascendas REIT buys industrial building in Jurong for $191.9 mil
The property is a five-storey cold-storage logistics facility with a total gross floor area of over 645,500 sq ft (Picture: CBRE)SINGAPORE (EDGEPROP) - Ascendas REIT is acquiring an industrial building at 1 Buroh Lane, off Jalan Buroh in Jurong, for $191.9 million. The property is being purchased from A3 Lux Alpha S.a.r.l., with completion expected in 4Q2022.Read also: Industrial site with jetty opposite Jurong Port up for sale at $20 milThe property is a five-storey cold-storage logistics facil
- EdgeProp
Ascendas REIT to acquire Philips APAC Center at Toa Payoh for $104.8 million
Philips APAC Centre was redeveloped in 2016 into the high-tech campus for Philips’ ASEAN Pacific headquarters and innovation centre (Photo: Ascendas REIT)SINGAPORE (EDGEPROP) - Ascendas REIT plans to acquire Philips APAC Center at 622 Lorong 1 Toa Payoh from Philips Electronics Singapore Pte Ltd, for $104.8 million.Read also: HDB towns that buck the price trendThe independent market valuation of the property as of May 31 2022 is $111.5 million.Philips APAC Centre was redeveloped in 2016 into the
