CLAR’s NPI rises 2.6% YoY in FY2024; DPU up 0.3%

DPU for the period stood at $0.15205.

CapitaLand Ascendas REIT (CLAR) reported a 2.6% year-on-year (YoY) increase in net property income to $1.05b from $1.02b in FY2024.

Distribution per unit (DPU) for the period stood at $0.15205, increasing 0.3% YoY, whilst distributable income rose 2.2% YoY to $668.8m.

Gross revenue rose 2.9% YoY to $1.5b, up from $1.48b a year ago.

This growth was driven by the full-year contribution from properties acquired and completed in FY2023, as well as the portfolio’s robust operations.

Portfolio occupancy remained healthy at 92.8% and leases renewed in FY2024 achieved a high positive average rental reversion of 11.6%.

Meanwhile, strategic divestments of logistic properties in Australia and Singapore brought CLAR’s portfolio from 232 to 229 properties with a total valuation of $16.8b.

Follow the link for more news on

CapitaLand

Financial Statements

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia