CapitaLand Ascendas REIT (CLAR) reported a 1.4% increase in distributable income for the financial year ending 31 December 2025, reaching S$678.3m. This growth was attributed to strategic acquisitions in Singapore and the United States, alongside effective management of operating and interest expenses. However, the increase was partially offset by divestments completed in 2024 and 2025.
Despite an enlarged unit base from equity fundraising in June 2025, CLAR’s distribution per unit (DPU) decreased slightly to 15.005 Singapore cents from 15.205 cents in the previous year. Unitholders can expect a 2H 2025 DPU of 7.528 cents, payable on 13 March 2026. The REIT’s distribution yield for FY 2025 stands at 5.3%, based on a closing unit price of S$2.83.
Gross revenue and net property income rose by 1.0% and 1.7% respectively, supported by a 0.4% reduction in property operating expenses. The portfolio’s valuation increased by 8.6% to S$18.2b, driven by new acquisitions and redevelopment completions. The portfolio includes properties in Singapore, Australia, the US, and the UK/Europe.
Chairman Beh Swan Gin highlighted the REIT’s disciplined growth strategy, noting a 33% portfolio increase over five years. CEO William Tay emphasised the REIT’s resilience amid economic uncertainty, citing a 12.0% positive rental reversion and strong leasing commitments for redevelopment projects.
Looking ahead, CLAR plans to continue its portfolio rejuvenation strategy, focusing on developed markets with robust fundamentals. The REIT maintains a healthy leverage ratio of 39.0% and a high level of green financing, reflecting its commitment to sustainable growth.
