News

Commercial Property

Staff Reporter

, Singapore

Published:

1 year ago

834 views

Photo from Shutterstock

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

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

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

Top News

Maritime market to hit $24.47b by 2031 as automation reshapes ports

Tuas Port eyes 65 million TEUs of annual capacity by the 2040s.

Shipping & Marine

2 hours ago

Balestier Centre launched for $180m collective sale

It will have no land betterment charge payable.

Commercial Property

3 hours ago

Singapore’s AI tool analyses heart attack damage within one minute

Cardiovascular disease is the leading cause of death in Singapore.

Healthcare

3 hours ago

Surbana Jurong begins global CEO search as Sean Chiao retires

He will retire on 31 July after leading the group for more than three years.

Building & Engineering

3 hours ago

Exclusives

Monday.com picks Singapore for Southeast Asia expansion

Its in-house designers created Singapore-inspired artwork in the company's colors.

3 days ago

Tsuklio targets dual-income families in Singapore expansion

The Japanese meal subscription platform logged 3,000 pre-registrations before launch.

Food & Beverage

4 days ago

Firms cut senior hiring costs with fractional executives

$Firms cut senior hiring costs with fractional executives$

Firms cut senior hiring costs with fractional executives

Companies report 50% to 70% lower costs than full-time senior hires.

HR & Education

5 days ago

Choosier Asia buyers steer auctions toward rare art

Collectors are bidding harder for works with clear ownership histories.

6 days ago

Event News

Co-Written / Partner Finweek KL 2026: Where European capital meets ASEAN scale

The premier EU–ASEAN institutional fintech summit brings 1,000+ delegates to PARKROYAL Collection Kuala Lumpur on 11 to 13 November 2026 for three days of cross-border deal-making.