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Ascendasreit
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Alignment
Elite |
19-Aug-2026 12:45
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Not a good sign when even CapitalandInvest talking about selling down their holding. | ||||
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Joelton
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06-Aug-2026 10:13
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CLAR holds 1HFY2026 DPU steady at 7.482 cents despite larger unit base CapitaLand Ascendas REIT' s 1HFY2026 revenue was up 6.7% to $805.5 million and net property income improved by a similar magnitude to $556.1 million, due to newly-acquired properties in Singapore, Japan, Europe and the US. Consequently, the amount available for distribution was up by 8.6% to $359.4 million. However, DPU for 1HFY2026, because of a larger unit base following two rounds of equity fund raising, was up by just 0.1% y-o-y to 7.482 cents. The declared DPU for 1HFY2026 included an advanced distribution of 3.750 cents for Jan 1 to April 1 that was already paid on April 30. With the record date on Friday, 14 August 2026, CLAR unitholders can expect to receive the remaining 1H 2026 DPU of 3.732 cents on Sept 8. As of June 30, CLAR' s has an AUM of $20.1 billion and owns a portfolio of 234 properties. William Tay, CEO of the manager, calls the 1HFY2026 report card a " resilient" performance. He notes that $900 million in equity fund raising has strengthened CLAR' s portfolio, balance sheet and lowered its gearing to 39.7%, while the cost of debt remained stable at 3.5%. CLAR expects to complete two more acquisitions in Singapore in 2H 2026 which will enhance portfolio quality and income contribution. On the other hand, the proposed divestment of Kim Chuan Telecommunications Complex at a 32% premium to its independent market valuation underscores the REIT' s ability to unlock value through disciplined capital recycling. " With a strengthened balance sheet, ample financial flexibility, a resilient portfolio and a clear growth strategy, CLAR is well-positioned to deliver stable, sustainable returns to unitholders," says Tay. As of June 30, portfolio occupancy was 89.1%, and WALE by gross rental income was 4 years. About 9.6% of portfolio gross rental income is due for renewal by end of this year. For FY2026, CLAR expects average rental reversions to remain positive in the high single-digit range. In 1HFY2026, CLAR acquired properties worth more than $1.1 billion at initial NPI yields ranging from 4.3% to 7.4% pre-transaction costs. Another $0.6 billion of acquisitions have been announced and are scheduled to be completed in 2HFY2026. Separately, in April, the $136 million redevelopment of 27 IBP in Singapore was completed and with that, its gross floor area doubled to 24,646 sqm. Also, CLAR completed the $94.8 million development of Summerville Logistics Center in the US. Due to the equity fund raising, CLAR has lowered its gearing from 42% as at March 31 to 39.7% as at June 30. The weighted average all-in borrowing cost remained stable at 3.5% for 1H 2026. The proportion of fixed rate debt remained high at 70.1% and the debt maturity profile was 2.5 years. CLAR units closed at $2.57 on Aug 5, up 0.78% for the day but down 9.19% year to date. |
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Joelton
Supreme |
06-Aug-2026 09:52
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CapitaLand Ascendas Reit posts 0.1% rise in H1 DPU to S$0.07482
[SINGAPORE] The manager of CapitaLand Ascendas Real Estate Investment Trust : A17U +0.78% (Clar) on Wednesday (Aug 5) posted a distribution per unit (DPU) of S$0.07482 for the first half ended June, up 0.1 per cent from S$0.07477 in the previous corresponding period. The DPU includes an advance distribution of S$0.0375 for the period from Jan 1 to Apr 1, which was paid on Apr 30. The remaining S$0.03732 will be paid on Sep 8, after the record date on Aug 14. Based on the closing price of S$2.49 a unit on Jun 30, Clarก ฆ s annualised distribution yield would be about 6 per cent, said the manager. It added that DPU remained largely stable despite an enlarged unit base arising from equity fundraisings in H1 2026 and H1 2025. Clarก ฆ s unit base grew 8.5 per cent year on year to around 4.8 billion units following an equity fundraising in April. Distributable income rose 8.6 per cent to S$359.4 million, from S$331.1 million in the year-ago period. This was driven by acquisitions completed in Singapore, Europe, the US and Japan in 2025 and 2026, as well as the ก ง resilient performanceก จ of existing properties that ก ง more than offset the impactก จ of divestments undertaken in 2025. Revenue for H1 expanded 6.7 per cent year on year to S$805.5 million, and net property income climbed 6.2 per cent on the year to S$556.1 million. The growth was led by acquisitions and a stronger performance from existing properties in Australia. William Tay, CEO and executive director of Clarก ฆ s manager, said the acquisitions of 25 Loyang Crescent and 5 Tuas Avenue 5 are expected to be completed in August, and will enhance the Reitก ฆ s portfolio quality and income contribution. Clar remains focused on Singapore, with assets under management (AUM) in the city-state rising about 30 per cent from S$10.1 billion in December 2022 to S$13.1 billion in June 2026. Beyond the two assets due for completion in H2, Tay said at Wednesdayก ฆ s earnings briefing that newer developments are also expected to begin contributing to income. At Geneo, occupancy has risen to 81 per cent, with a further 13 per cent of space under advanced negotiations that management expects to convert into leases in the next six months. Meanwhile, 27 International Business Park (27 IBP) is about 19 per cent committed, with another 20 per cent of space under advanced talks. Management expects occupancy to reach 50 to 60 per cent by end-2026, although Tay noted that stabilising business park assets typically takes two to three years. The S$136 million redevelopment of 27 IBP was completed in April. Tay said: ก ง The leases signed so far are all new to Clar ก V a mix of relocation and expansion, which is encouraging, as the new specs at 27 IBP let us capture new demand. We are confident of closing whatก ฆ s under negotiation.ก จ He also identified Acer Building as the next potential redevelopment opportunity, with works expected to commence once leasing at 27 IBP gains further traction. Beyond that, redevelopment opportunities in Science Park are limited as the buildings there are still relatively new, he added. Key enablers for redevelopment projects include higher plot ratios and improvements in connectivity brought about by government infrastructure investments, which can support stronger asset values and rental growth, he said. Tay said that with Clar having completed about S$1.8 billion in investments, the focus in H2 is likely to shift towards divestments, with S$300 million to S$500 million in disposals in progress, with potential for more if market demand remains strong. While divestment opportunities are being evaluated across all markets, Clar has noted stronger investor interest in Singapore and Europe, he added. Following its H1 investments, Clarก ฆ s portfolio AUM rose to about S$20.1 billion as at Jun 30, with Singapore accounting for 65 per cent of the portfolio. Portfolio occupancy stood at 89.1 per cent as at Jun 30. The Reit achieved a positive average rental reversion of 8.5 per cent on leases renewed in multi-tenant buildings in H1, and management expects rental reversions to remain in the high single-digits for the full year. As at end-June, gearing fell to 39.7 per cent, while weighted average lease expiry by gross rental income was four years. About 9.6 per cent of Clarก ฆ s gross rental income is due for renewal in the remainder of FY2026. Units of Clar ended Wednesday 0.8 per cent or S$0.02 higher at S$2.57, before the results release. |
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seanpent
Supreme |
28-Jul-2026 16:27
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Swee Swee !
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Delvyss
Elite |
21-Jul-2026 09:55
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' Positive surprises' in store for S-Reits' H1 earnings as valuations lag fundamentals, say analystshttps://www.businesstimes.com.sg/companies-markets/positive-surprises-store-s-reits-h1-earnings-valuations-lag-fundamentals-say-analysts |
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seanpent
Supreme |
21-Jul-2026 09:39
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S-REITs lai liao | ||||
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seanpent
Supreme |
21-Jul-2026 09:35
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Swee. Look at the forest instead of a tree. :)
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halleluyah
Supreme |
21-Jul-2026 09:19
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then will hv a lower dpu....
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Delvyss
Elite |
21-Jul-2026 08:42
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CapitaLand Ascendas REIT divesting data centre at 38 Kim Chuan Road for $200.4 mil, double the purchase price in 2005https://www.theedgesingapore.com/news/data-centres/capitaland-ascendas-reit-divesting-data-centre-38-kim-chuan-road-2004-mil-double |
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yoga123
Elite |
06-Jul-2026 17:19
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Not really sure Sis Halle, I just refer to previous 1-3 years dividend payout to estimate.
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halleluyah
Supreme |
06-Jul-2026 13:12
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bro yoga, after deducting the recent advance payout right...
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yoga123
Elite |
06-Jul-2026 13:05
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Sis Halle, I think it is approximately $0.04 if based on historical dividends given.
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halleluyah
Supreme |
06-Jul-2026 11:45
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how much is the coming div payout fr next mth ? | ||||
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Delvyss
Elite |
03-Jul-2026 09:26
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Cooling US jobs data buys the Fed and stock market more timehttps://www.nst.com.my/business/economy/2026/07/1479214/cooling-us-jobs-data-buys-fed-and-stock-market-more-time |
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Delvyss
Elite |
02-Jul-2026 10:50
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3 Industrial S-REITs Paying Above 6%https://thesmartinvestor.com.sg/3-industrial-s-reits-paying-above-6/ |
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Delvyss
Elite |
24-Jun-2026 12:00
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Singapore REITs 2026 Outlook: Defensive Growth, Top Picks & Yield Analysishttps://www.minichart.com.sg/2026/06/24/singapore-reits-2026-outlook-defensive-growth-top-picks-yield-analysis/ |
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seanpent
Supreme |
24-Jun-2026 09:16
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Means lower interest cost?
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Delvyss
Elite |
23-Jun-2026 15:26
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1.4% vs market forecast 1.6%. Relieves pressure on central bank to keep interest rate elevated.
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Delvyss
Elite |
23-Jun-2026 15:16
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Singapore core inflation at 1.4% year-on-year in May, lower than expectedhttps://www.thestar.com.my/business/business-news/2026/06/23/singapore-core-inflation-at-14-year-on-year-in-may-lower-than-expected |
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Delvyss
Elite |
19-Jun-2026 15:47
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Singapore Market Focus: 9 Stocks To Position For A July Rally https://sginvestors.io/analysts/research/2026/06/singapore-market-strategy-dbs-research-2026-06-04 |
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