$CapLand Ascendas REIT(A17U.SI)$  

 CapitaLand Ascendas REIT delivers Distribution per Unit of 7.477

Singapore cents for 1H 2025

▪ Distributable income for 1H 2025 was stable year-on-year at S$331.1 million

▪ Portfolio occupancy remained healthy at 91.8% and leases renewed in 1H

2025 achieved a positive average rental reversion of 9.5%

▪ Healthy aggregate leverage of 37.4% and stable cost of debt of 3.7% for 1H

20256

▪ Accretive acquisitions of three well-located, modern properties in Singapore

and the US totalling S$878.0 million, as well as completion of 1 Science Park

Drive redevelopment for S$300.2 million in 2025 will enhance CLAR’s portfolio

quality and contribute to long-term returns.

XD 11th August 2025 for balance 0.998 cents.

– The Board of Directors of CapitaLand Ascendas REIT

Management Limited (the Manager), the manager of CapitaLand Ascendas REIT (CLAR), is

pleased to report that distributable income for the six months ended 30 June 2025 (1H 2025)

was stable at S$331.1 million, an increase of 0.1% year-on-year (YoY).

Taking into account an enlarged unit base of approximately 4.4 billion (+0.7% YoY) following

the issuance of new units pursuant to CLAR’s private placement in May 2025 to fund

acquisitions, Distribution per Unit (DPU) for 1H 2025 declined slightly to 7.477 Singapore cents

(-0.6% YoY).

Gross revenue for 1H 2025 decreased by 2.0% YoY to S$754.8 million mainly due to the

divestments of five properties in Australia (February 2024), Singapore (November 2024) and

the US (June 2025), as well as the decommissioning of a property in the UK for redevelopment

in June 2024. The decrease was partially offset by the acquisition of a property in the US in

January 2025. Consequently, net property income decreased by 0.9% YoY to S$523.4 million.

Mr William Tay, Chief Executive Officer and Executive Director of the Manager, said, “Despite

the ongoing macroeconomic uncertainties, CLAR’s distributable income of S$331.1 million

and DPU of 7.477 cents for 1H 2025 were stable. This underscores the continued strength of

our diversified portfolio, operational management and disciplined execution of our capital

management strategies.”

“CLAR is set to add approximately S$725 million of prime, income-producing assets in

Singapore. 9 Tai Seng Drive, a Tier III colocation data centre and 5 Science Park Drive, a

premium business space property are well-located, modern properties that are fully leased to

reputable tenants and will contribute positively to our income stream. These two properties

will further anchor CLAR in Singapore, with Singapore accounting for about 67% of AUM when

the transactions are completed,” Mr Tay added. “We will stay responsive to changing market

conditions and are confident of navigating through these uncertain times.”

https://sporeshare.blogspot.com/2025/08/capitaland-ascendas-1st-half-results-is.html