CapitaLand Ascendas REIT records 94.5% occupancy rate in Q3

CapitaLand Ascendas REIT bagged a $724.3m total acquisition in 3Q2023.

CapitaLand Ascendas REIT (CLAR) reports a 94.%% occupancy rate in Q3, 0.1% higher than the previous quarter.

In Singapore, occupancy improved to 92.7% mainly due to new take-ups at properties such as 10 Toh Guan, LogisTech, and The Aries, Sparkle and Gemini.

The company also reported a 10.2% portfolio rental reversion.

CLAR bagged a $724.3m total acquisition in 3Q2023, following the acquisition of a data centre in the United Kingdom for $209.4m.

ALSO READ: Potential influx of expats from Hong Kong to spark demand for homes in prime districts

The aggregate leverage remained healthy at 37.2% while the YTD weighted average all-in debt cost remained steady at 3.3%

Green financing totalled S$2.1b, accounting for about 29% of total borrowings.

$272m of borrowings are due to be refinanced in FY2023. 1.4% of Singapore’s gross rental income is also due for renewal in FY2023.

CLAR also maintained a high level of natural hedge of 75% for overseas investment to minimise the effects of any adverse exchange rate fluctuations.

Follow the link for more news on

CapitaLand

Also Read

SGX FX rolls out AI tool for enhanced FX trading decisions

SGX RegCo aims to expedite shareholder-requisitioned meetings

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit