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CapitaLand Ascendas REIT FY2022 DPU Up 3.5%, Occupancy at 10-year High

Feb 3, 2023 – CapitaLand Ascendas REIT’s distribution for FY2022 grew 5.4% year-on-year to S$663.9 million, and Distribution per Unit (DPU) rose by 3.5% year-on-year to 15.798 cents. 

The increase in DPU was underpinned by robust operational performance, with portfolio occupancy reaching a 10-year high of 94.6%. Positive average rent reversion of 8.0% was achieved for leases that were renewed during FY2022 and contributions from acquisitions and developments completed during FY2021 and FY2022.

According to a news statement, leverage was 36.3% with the share of fixed-rate debt at 79%. Its portfolio valuation was stable at S$16.1 billion.