CapitaLand Ascendas REIT: Distributable Income For FY2024 Increases By 2.2% Year-On-Year To S$668.8 Million.

06 Feb 2025 17:43

FY 2024 Distribution per Unit rose by 0.3% year-on-year to 15.205 Singapore cents. This was supported by the full-year contribution from properties acquired and completed in FY 2023 and the portfolio's robust operational performance. Portfolio occupancy was healthy at 92.8% and leases renewed in FY 2024 achieved a high positive average rental reversion of 11.6%. The Singapore-anchored portfolio underpinned a stable valuation of S$16.8 billion...

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Source: ShareInvestor Express