4 Singapore REITs That Boast Consistent DPU Increases: CapitaLand Ascendas REIT

CapitaLand Ascendas REIT, or CLAR, is the largest industrial REIT in Singapore with a portfolio of 227 properties worth S$16.4 billion as of 31 December 2022.

CLAR has grown its distribution over the last several years, going from S$0.14688 in 2020 to S$0.15798 just last year.

The number of properties in its portfolio has also risen in tandem, from 200 to 228 over the same period.

CLAR continues to boast a high occupancy rate of 94.6% and reported a positive rental reversion of 8%.

For 2022, the manager completed acquisitions and a redevelopment project worth S$261.6 million while also delivering AEI of S$16.3 million.

CLAR has various ongoing projects including an acquisition under development, redevelopments, and AEIs worth a combined S$617.4 million.

These initiatives should help to continue to grow the REIT’s DPU and increase its asset base to help it to reign as Singapore’s largest industrial REIT.