CapitaLand Ascendas REIT (CLAR) has announced a stable performance for the third quarter of 2025, bolstered by its diversified portfolio primarily based in Singapore. The real estate investment trust reported a portfolio occupancy rate of 91.3% as of 30 September 2025, with an average rental reversion of 7.6% for leases renewed during the period. This positive trend is expected to continue, with rental reversion for the full year anticipated to be in the low double-digit range.
CLAR’s proactive portfolio management strategy included S$1,317.2m in investments for five accretive acquisitions in Singapore, expected to yield between 6% and 7%. Notable acquisitions completed in August 2025 include 5 Science Park Drive and 9 Tai Seng Drive, valued at S$724.6m. Additionally, the trust announced plans to acquire three industrial and logistics properties for S$592.6m, with completion anticipated in the first quarter of 2026.
The trust also completed the redevelopment of 5 Toh Guan Road East into a logistics building, increasing its gross floor area by 71% at a cost of S$107.4m. In the US, an asset enhancement initiative at Perimeter One in Raleigh was completed for S$1.3m.
CLAR’s capital management efforts saw the raising of S$1 billion to refinance existing borrowings, including the issuance of S$700m in green notes. The trust maintains a healthy aggregate leverage of 39.8% and a weighted average debt tenure of 3.3 years. With a strong balance sheet, CLAR continues to seek investment opportunities to enhance its portfolio and deliver sustainable returns to its unitholders.
