Singapore · Delayed Price · Currency is SGD CapitaLand Ascendas REIT Earnings Call Transcripts
Fiscal Year 2026
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Steady 1H 2025 results with stable distribution income, high occupancy, and positive rental reversions. Key acquisitions and divestments support long-term growth, while gearing and cost of debt remain healthy. U.S. office faces challenges, but overall outlook remains resilient.
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Distributable income grew 1.4% to SGD 678.3 million in FY2025, with strong acquisition and divestment activity and a third year of double-digit rental reversions. Portfolio occupancy was 90.9%, and guidance for 2026 is mid-single digit rental growth, with continued focus on Singapore and Australia.
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Distributable income and DPU grew modestly in FY 2024, supported by high occupancy, positive rental reversions, and strategic investments in logistics and redevelopment. The outlook for 2025 remains positive, with further income growth expected from new projects and prudent capital management.