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The newly acquired assets did not contribute to the 1H result. The placement was carried out in 1H and thus
the expanded base and lower DPU but the assets will start contributing in 2H, there is a time-lag issue.
So expect 2H to be better
http://www.theedgesingapore.com/news/company-news/capitaland-ascendas-reit-completes-acquisition-5-science-park-1371-mil
The manager of CapitaLand Ascendas REIT (CLAR) has completed the acquisition of the business space in 5 Science Park Drive, having used proceeds from its private placement to fund the acquisition.
As a recap, the REIT announced on several dates between May and July the raising of $500 million in gross proceeds from a private placement. About $137.1 million or 27.4% of the gross proceeds has been used to fund the acquisition.
The manager adds that it will make further announcements on the completion of the proposed acquisition of the data centre at 9 Tai Seng Drive when such completion takes place.
Units in CLAR closed 3 cents lower or 1.091% down at $2.72 on Aug 6.
the expanded base and lower DPU but the assets will start contributing in 2H, there is a time-lag issue.
So expect 2H to be better
http://www.theedgesingapore.com/news/company-news/capitaland-ascendas-reit-completes-acquisition-5-science-park-1371-mil
The manager of CapitaLand Ascendas REIT (CLAR) has completed the acquisition of the business space in 5 Science Park Drive, having used proceeds from its private placement to fund the acquisition.
As a recap, the REIT announced on several dates between May and July the raising of $500 million in gross proceeds from a private placement. About $137.1 million or 27.4% of the gross proceeds has been used to fund the acquisition.
The manager adds that it will make further announcements on the completion of the proposed acquisition of the data centre at 9 Tai Seng Drive when such completion takes place.
Units in CLAR closed 3 cents lower or 1.091% down at $2.72 on Aug 6.
investshare ( Date: 04-Aug-2025 22:13) Posted:
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CapitaLand Ascendas Reit posts 0.6% drop in H1 DPU to 7.477 Singapore cents
H1 revenue down 2% at S$754.8 million, mainly due to divestment of five properties
[SINGAPORE] INDUSTRIAL property player CapitaLand Ascendas Reit&rsquo s (Clar) : A17U +2.19% distribution per unit (DPU) fell 0.6 per cent for the half-year ended June to S$0.07477, on the back of an enlarged unit base.
The real estate investment trust&rsquo s (Reit) unit base had increased 0.7 per cent year on year to around 4.4 billion units during a private placement in May this year to fund acquisitions.
Clar also posted a lower H1 revenue, which was down 2 per cent year on year at S$754.8 million. This was mainly due to the divestment of five properties in Australia, Singapore and the US, as well as the decommissioning of a property in the UK for redevelopment in June 2024.
The decrease was partially offset by the acquisition of a property in the US in January 2025.
Consequently, net property income (NPI) fell 0.9 per cent to S$523.4 million.
The total amount available for distribution went up marginally by 0.1 per cent to S$331.1 million.
The stable distributable income despite macroeconomic uncertainties reflects the &ldquo continued strength of (Clar&rsquo s) diversified portfolio, operational management and disciplined execution of our capital management strategies&rdquo , said William Tay, chief executive officer and executive director of the manager, in a statement on Monday (Aug 4).
As at Jun 30, Clar&rsquo s portfolio occupancy remained stable at 91.8 per cent. The occupancy rate for its Singapore portfolio was 91.2 per cent, while the rate for its US portfolio was 87.3 per cent.
The occupancy rate of the Australia portfolio stood at 93.1 per cent while that of the UK and Europe portfolio remained at 98.9 per cent.
The Reit&rsquo s aggregate leverage stood at 37.4 per cent, down from 38.9 per cent at the end of March, following the equity fund raising of S$500 million in May 2025.
bad news.. private placement at $2.14
ruanlai ( Date: 05-Aug-2025 09:06) Posted:
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CICT halted for good news ?
Dyodd
Dyodd
In that case, the new units should not entitled to this round dividend
spore1 ( Date: 04-Aug-2025 22:46) Posted:
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How much is the dividend declared?
Is the result in line with the market expectation?
dyodd
Is the result in line with the market expectation?
dyodd
6 month = 7.5, 1 month = 1.25
in fact first 5 month average dpu does a lot better than the 6th month
just my view.
in fact first 5 month average dpu does a lot better than the 6th month
just my view.
spore1 ( Date: 04-Aug-2025 22:46) Posted:
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The newly 3 assets acquired is about 1 month doesn't contribute much this first Half results. Going forward we should see distribution income higher and dpu payout will also increase! Stable results. Gearing also came down to 37.4%. Very healthy.
investshare ( Date: 04-Aug-2025 22:13) Posted:
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When issue Right, say yield accretive. Now all the excuses for dpu drop.
CapitaLand Ascendas REIT (CLAR) has reported a distribution per unit (DPU) of 7.477 cents for the 1HFY2025 ended June 30, down 0.6% y-o-y.
Gross revenue for the first half of the year declined 2.0% y-o-y to $754.8 million, and net property income dropped 0.9% y-o-y to $532.4 million.
This has resulted in a total amount available for distribution of $331.1 million, up marginally by 0.1% y-o-y.
The lower DPU is from an enlarged unit base of about 4.4 billion or a 0.7% y-o-y increase, following the issuance of new units as a result of CLAR?s private placement in May to fund acquisitions.
The lower gross revenue was due to divestments of five properties in Australia (February 2024), Singapore (November 2024) and the US (June 2025), as well as the decommissioning of a property in the UK for redevelopment in June 2024.
The decrease was partially offset by the acquisition of a property in the US in January 2025.
The REIT?s total debt as at June 30 stood at $6.71 billion, and aggregate leverage came in at 37.4%.
As at June 30, about 76% of CLAR?s borrowings are on fixed rates with an average term of 3.7 years. The REIT says that a 50 basis points (bps) increase in interest rate on variable rate debt is expected to have a pro forma impact of $8.2 million decline in distribution or 0.19 cents decline in DPU.
About $235 million of borrowings are due to be refinanced in FY2025, and a 50 bps increase in interest rate on refinancing will have a pro forma impact of $1.2 million decline in distribution or 0.03 cent decline in DPU.
The REIT?s total overall portfolio occupancy increased 0.3% q-o-q. In Singapore and the US, portfolio occupancy declined 0.4% and 0.7% q-o-q. Meanwhile, Australia saw a 3.9% q-o-q increase in portfolio occupancy.
The REIT?s weighted average lease expiry as at June 30 stood at 3.7 years. It has a customer base with about 1,790 tenants from more than 20 industries.
Total properties as at end June include 229 properties with four investment properties under development.
Units in CLAR closed 6 cents higher or 2.19% up at $2.80 on Aug 4.
Gross revenue for the first half of the year declined 2.0% y-o-y to $754.8 million, and net property income dropped 0.9% y-o-y to $532.4 million.
This has resulted in a total amount available for distribution of $331.1 million, up marginally by 0.1% y-o-y.
The lower DPU is from an enlarged unit base of about 4.4 billion or a 0.7% y-o-y increase, following the issuance of new units as a result of CLAR?s private placement in May to fund acquisitions.
The lower gross revenue was due to divestments of five properties in Australia (February 2024), Singapore (November 2024) and the US (June 2025), as well as the decommissioning of a property in the UK for redevelopment in June 2024.
The decrease was partially offset by the acquisition of a property in the US in January 2025.
The REIT?s total debt as at June 30 stood at $6.71 billion, and aggregate leverage came in at 37.4%.
As at June 30, about 76% of CLAR?s borrowings are on fixed rates with an average term of 3.7 years. The REIT says that a 50 basis points (bps) increase in interest rate on variable rate debt is expected to have a pro forma impact of $8.2 million decline in distribution or 0.19 cents decline in DPU.
About $235 million of borrowings are due to be refinanced in FY2025, and a 50 bps increase in interest rate on refinancing will have a pro forma impact of $1.2 million decline in distribution or 0.03 cent decline in DPU.
The REIT?s total overall portfolio occupancy increased 0.3% q-o-q. In Singapore and the US, portfolio occupancy declined 0.4% and 0.7% q-o-q. Meanwhile, Australia saw a 3.9% q-o-q increase in portfolio occupancy.
The REIT?s weighted average lease expiry as at June 30 stood at 3.7 years. It has a customer base with about 1,790 tenants from more than 20 industries.
Total properties as at end June include 229 properties with four investment properties under development.
Units in CLAR closed 6 cents higher or 2.19% up at $2.80 on Aug 4.
Yay!
Mark001 ( Date: 24-Jun-2025 10:54) Posted:
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Thumbs up 
MrBear12 ( Date: 11-Jul-2025 09:22) Posted:
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Indeed!
Buy for yield and capital appreciation.
Trade with reduced cash holdings
Buy for yield and capital appreciation.
Trade with reduced cash holdings
seanpent ( Date: 11-Jul-2025 09:19) Posted:
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FDs interest rate getting pathetic. 5 per cent yield is a very good alternative.
MrBear12 ( Date: 09-Jul-2025 09:09) Posted:
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Firmed
(market is forward looking ...)
Why the Fed May Cut Rates Earlier Than Expected
https://www.goldmansachs.com/insights/articles/why-the-fed-may-cut-rates-earlier-than-expected
Appreciate your input. :)
" Dividend season" just around the corner.
" Dividend season" just around the corner.
MrBear12 ( Date: 09-Jul-2025 09:09) Posted:
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5 per cent yield thereabouts.
Delvyss ( Date: 09-Jul-2025 09:04) Posted:
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Any guess of the forthcoming dividend ?