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An update from CapitaLand Investment Limited ( (SG:9CI) ) is now available.
CapitaLand Ascendas REIT reported a 2.2% year-on-year increase in its distributable income for FY 2024, reaching S$668.8 million. The distribution per unit also saw a slight rise of 0.3%, supported by contributions from properties acquired in FY 2023 and strong operational performance. The portfolio maintained a healthy occupancy rate of 92.8% and achieved a significant average rental reversion of 11.6%, underscoring its stable valuation of S$16.8 billion. This positive financial performance highlights CapitaLand Ascendas REIT’s robust market positioning and potential for sustained growth.
More about CapitaLand Investment Limited
CapitaLand Investment Limited operates in the real estate investment sector, primarily focusing on acquiring, managing, and developing properties. Its portfolio includes a diverse range of assets across Singapore, Australia, the USA, and Europe, with a strong emphasis on maintaining high occupancy rates and positive rental reversions.
YTD Price Performance: -6.49%
Average Trading Volume: 9,365,924
Technical Sentiment Consensus Rating: Buy
Current Market Cap: S$12.55B
See more insights into 9CI stock on TipRanks’ Stock Analysis page.
