Post Reply
101-120 of 2151
CapitaLand Ascendas Reit proposes S$329 million divestment of five Singapore properties
Following the completion of the proposed deals, Clar will own 226 properties in total
[SINGAPORE] The manager of CapitaLand Ascendas Reit (Clar) announced on Monday (Aug 18) the proposed divestments of five Singapore properties.
These divestments are being proposed at &ldquo healthy premiums&rdquo of about 6 per cent over the properties&rsquo total market valuation and 20 per cent over the original purchase price, for a total sale consideration of S$329 million, said the manager in a bourse filing.
This follows Clar&rsquo s target of about S$300 million to S$400 million in divestments in Singapore, Europe, the US and Australia this year.
The Business Times understands the assets were acquired by an EZA Hill-led consortium. The portfolio transaction was brokered by CBRE&rsquo s industrial and logistics team, who declined to comment on the specifics of the deal.
The estimated net proceeds after divestment costs are expected to be S$313.1 million. The divestments are expected to be completed within the fourth quarter of 2025.
&ldquo Building on a stellar 2024, we are seeing sustained momentum in Singapore&rsquo s industrial real estate sector,&rdquo said CBRE&rsquo s head of Singapore industrial capital markets Loh Lee Fen in response to BT. &ldquo The Singapore dollar&rsquo s strength and a favourable lending environment, including a declining Sora (Singapore Overnight Rate Average), are key contributors to this positive trend.&rdquo
Clar has announced a total aggregate value of S$355.5 million of divestments year to date.
Three of the properties are logistics properties, while the remaining two are industrial properties.
The proposed divestments are in line with the manager&rsquo s &ldquo proactive capital recycling strategy&rdquo and aim to &ldquo improve the quality&rdquo of the Clar portfolio and optimise returns for unitholders, said the filing.
The manager is entitled to a divestment fee of 0.5 per cent of the sale considerations of the properties, paid in cash.
Following the completion of the proposed divestments, Clar will own 226 properties in total &ndash 93 properties in Singapore, 34 properties in Australia, 49 properties in the US and 50 properties in the UK and Europe.
Clar posted a lower first-half revenue on Aug 4, which was down 2 per cent year on year at S$754.8 million. This was mainly due to the divestment of five properties in Australia, Singapore and the US, as well as the decommissioning of a property in the UK for redevelopment in June 2024.
It also announced the launch of its first logistics developments in the UK at an estimated total investment cost of S$350.1 million on Aug 11.
CapitaLand Ascendas REIT completes acquisition of 9 Tai Seng Drive data centre for $275.5 mil
The manager of CapitaLand Ascendas REIT (CLAR) has announced the completion of the acquisition of the data centre at 9 Tai Seng Drive.
The REIT has used 55.1% of gross proceeds of its $500 million private placement to fund the proposed acquisition. The amount of proceeds used is about $275.5 million.
Last week, the REIT announced that it used $137.1 million of gross proceeds from the $500 million private placement to partially finance the proposed acquisition of the property at 5 Science Park Drive.
The remaining $81.6 million of gross proceeds will be used for debt repayment purposes and $5.0 million to pay the estimated fees and expenses in relation to the private placement.
The REIT has a balance of $800,000 that has not yet been utilised, however as at the date of announcement, the manager says that it has re-allocated and utilised the aggregate balance of to partially finance the proposed acquisition in the property 9 Tai Seng Drive.
10:45 PM EDT, 08/10/2025 (MT Newswires) -- CapitaLand Ascendas REIT (SGX:A17U) will invest around SG$350 million on two plots of freehold land it acquired in the East Midlands, UK, for around SG$350.1 million, according to a Monday filing with the Singapore Exchange.
The REIT intends to develop four new logistics properties on the plots.
The total investment costs for the plot at Manton Wood is SG$87.2 million and SG$262.2 million for the plot at Towcester.
The REIT will raise funds for the total investment cost through internal resources and existing debt facilities.
The proposed acquisitions and developments are part of the REIT's strategy to expand its logistics portfolio in the UK.
Shares of the REIT were down nearly 1% in early Monday trading.
The REIT intends to develop four new logistics properties on the plots.
The total investment costs for the plot at Manton Wood is SG$87.2 million and SG$262.2 million for the plot at Towcester.
The REIT will raise funds for the total investment cost through internal resources and existing debt facilities.
The proposed acquisitions and developments are part of the REIT's strategy to expand its logistics portfolio in the UK.
Shares of the REIT were down nearly 1% in early Monday trading.
The newly acquired assets did not contribute to the 1H result. The placement was carried out in 1H and thus
the expanded base and lower DPU but the assets will start contributing in 2H, there is a time-lag issue.
So expect 2H to be better
http://www.theedgesingapore.com/news/company-news/capitaland-ascendas-reit-completes-acquisition-5-science-park-1371-mil
The manager of CapitaLand Ascendas REIT (CLAR) has completed the acquisition of the business space in 5 Science Park Drive, having used proceeds from its private placement to fund the acquisition.
As a recap, the REIT announced on several dates between May and July the raising of $500 million in gross proceeds from a private placement. About $137.1 million or 27.4% of the gross proceeds has been used to fund the acquisition.
The manager adds that it will make further announcements on the completion of the proposed acquisition of the data centre at 9 Tai Seng Drive when such completion takes place.
Units in CLAR closed 3 cents lower or 1.091% down at $2.72 on Aug 6.
the expanded base and lower DPU but the assets will start contributing in 2H, there is a time-lag issue.
So expect 2H to be better
http://www.theedgesingapore.com/news/company-news/capitaland-ascendas-reit-completes-acquisition-5-science-park-1371-mil
The manager of CapitaLand Ascendas REIT (CLAR) has completed the acquisition of the business space in 5 Science Park Drive, having used proceeds from its private placement to fund the acquisition.
As a recap, the REIT announced on several dates between May and July the raising of $500 million in gross proceeds from a private placement. About $137.1 million or 27.4% of the gross proceeds has been used to fund the acquisition.
The manager adds that it will make further announcements on the completion of the proposed acquisition of the data centre at 9 Tai Seng Drive when such completion takes place.
Units in CLAR closed 3 cents lower or 1.091% down at $2.72 on Aug 6.
investshare ( Date: 04-Aug-2025 22:13) Posted:
|
CapitaLand Ascendas Reit posts 0.6% drop in H1 DPU to 7.477 Singapore cents
H1 revenue down 2% at S$754.8 million, mainly due to divestment of five properties
[SINGAPORE] INDUSTRIAL property player CapitaLand Ascendas Reit&rsquo s (Clar) : A17U +2.19% distribution per unit (DPU) fell 0.6 per cent for the half-year ended June to S$0.07477, on the back of an enlarged unit base.
The real estate investment trust&rsquo s (Reit) unit base had increased 0.7 per cent year on year to around 4.4 billion units during a private placement in May this year to fund acquisitions.
Clar also posted a lower H1 revenue, which was down 2 per cent year on year at S$754.8 million. This was mainly due to the divestment of five properties in Australia, Singapore and the US, 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 (NPI) fell 0.9 per cent to S$523.4 million.
The total amount available for distribution went up marginally by 0.1 per cent to S$331.1 million.
The stable distributable income despite macroeconomic uncertainties reflects the &ldquo continued strength of (Clar&rsquo s) diversified portfolio, operational management and disciplined execution of our capital management strategies&rdquo , said William Tay, chief executive officer and executive director of the manager, in a statement on Monday (Aug 4).
As at Jun 30, Clar&rsquo s portfolio occupancy remained stable at 91.8 per cent. The occupancy rate for its Singapore portfolio was 91.2 per cent, while the rate for its US portfolio was 87.3 per cent.
The occupancy rate of the Australia portfolio stood at 93.1 per cent while that of the UK and Europe portfolio remained at 98.9 per cent.
The Reit&rsquo s aggregate leverage stood at 37.4 per cent, down from 38.9 per cent at the end of March, following the equity fund raising of S$500 million in May 2025.
bad news.. private placement at $2.14
ruanlai ( Date: 05-Aug-2025 09:06) Posted:
|
CICT halted for good news ?
Dyodd
Dyodd
In that case, the new units should not entitled to this round dividend
spore1 ( Date: 04-Aug-2025 22:46) Posted:
|
How much is the dividend declared?
Is the result in line with the market expectation?
dyodd
Is the result in line with the market expectation?
dyodd
6 month = 7.5, 1 month = 1.25
in fact first 5 month average dpu does a lot better than the 6th month
just my view.
in fact first 5 month average dpu does a lot better than the 6th month
just my view.
spore1 ( Date: 04-Aug-2025 22:46) Posted:
|
The newly 3 assets acquired is about 1 month doesn't contribute much this first Half results. Going forward we should see distribution income higher and dpu payout will also increase! Stable results. Gearing also came down to 37.4%. Very healthy.
investshare ( Date: 04-Aug-2025 22:13) Posted:
|
When issue Right, say yield accretive. Now all the excuses for dpu drop.
CapitaLand Ascendas REIT (CLAR) has reported a distribution per unit (DPU) of 7.477 cents for the 1HFY2025 ended June 30, down 0.6% y-o-y.
Gross revenue for the first half of the year declined 2.0% y-o-y to $754.8 million, and net property income dropped 0.9% y-o-y to $532.4 million.
This has resulted in a total amount available for distribution of $331.1 million, up marginally by 0.1% y-o-y.
The lower DPU is from an enlarged unit base of about 4.4 billion or a 0.7% y-o-y increase, following the issuance of new units as a result of CLAR?s private placement in May to fund acquisitions.
The lower gross revenue was due to 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.
The REIT?s total debt as at June 30 stood at $6.71 billion, and aggregate leverage came in at 37.4%.
As at June 30, about 76% of CLAR?s borrowings are on fixed rates with an average term of 3.7 years. The REIT says that a 50 basis points (bps) increase in interest rate on variable rate debt is expected to have a pro forma impact of $8.2 million decline in distribution or 0.19 cents decline in DPU.
About $235 million of borrowings are due to be refinanced in FY2025, and a 50 bps increase in interest rate on refinancing will have a pro forma impact of $1.2 million decline in distribution or 0.03 cent decline in DPU.
The REIT?s total overall portfolio occupancy increased 0.3% q-o-q. In Singapore and the US, portfolio occupancy declined 0.4% and 0.7% q-o-q. Meanwhile, Australia saw a 3.9% q-o-q increase in portfolio occupancy.
The REIT?s weighted average lease expiry as at June 30 stood at 3.7 years. It has a customer base with about 1,790 tenants from more than 20 industries.
Total properties as at end June include 229 properties with four investment properties under development.
Units in CLAR closed 6 cents higher or 2.19% up at $2.80 on Aug 4.
Gross revenue for the first half of the year declined 2.0% y-o-y to $754.8 million, and net property income dropped 0.9% y-o-y to $532.4 million.
This has resulted in a total amount available for distribution of $331.1 million, up marginally by 0.1% y-o-y.
The lower DPU is from an enlarged unit base of about 4.4 billion or a 0.7% y-o-y increase, following the issuance of new units as a result of CLAR?s private placement in May to fund acquisitions.
The lower gross revenue was due to 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.
The REIT?s total debt as at June 30 stood at $6.71 billion, and aggregate leverage came in at 37.4%.
As at June 30, about 76% of CLAR?s borrowings are on fixed rates with an average term of 3.7 years. The REIT says that a 50 basis points (bps) increase in interest rate on variable rate debt is expected to have a pro forma impact of $8.2 million decline in distribution or 0.19 cents decline in DPU.
About $235 million of borrowings are due to be refinanced in FY2025, and a 50 bps increase in interest rate on refinancing will have a pro forma impact of $1.2 million decline in distribution or 0.03 cent decline in DPU.
The REIT?s total overall portfolio occupancy increased 0.3% q-o-q. In Singapore and the US, portfolio occupancy declined 0.4% and 0.7% q-o-q. Meanwhile, Australia saw a 3.9% q-o-q increase in portfolio occupancy.
The REIT?s weighted average lease expiry as at June 30 stood at 3.7 years. It has a customer base with about 1,790 tenants from more than 20 industries.
Total properties as at end June include 229 properties with four investment properties under development.
Units in CLAR closed 6 cents higher or 2.19% up at $2.80 on Aug 4.
Yay!
Mark001 ( Date: 24-Jun-2025 10:54) Posted:
|
Thumbs up 
MrBear12 ( Date: 11-Jul-2025 09:22) Posted:
|
Indeed!
Buy for yield and capital appreciation.
Trade with reduced cash holdings
Buy for yield and capital appreciation.
Trade with reduced cash holdings
seanpent ( Date: 11-Jul-2025 09:19) Posted:
|
FDs interest rate getting pathetic. 5 per cent yield is a very good alternative.
MrBear12 ( Date: 09-Jul-2025 09:09) Posted:
|
Firmed
(market is forward looking ...)
Why the Fed May Cut Rates Earlier Than Expected
https://www.goldmansachs.com/insights/articles/why-the-fed-may-cut-rates-earlier-than-expected