CapitaLand Ascendas REIT 2024 AR2
The report highlights CapitaLand Ascendas REIT's (CLAR) performance for the fiscal year 2024, achieving an all-time high gross revenue of S$1.52 billion and a net property income of S$1.05 billion. CLAR maintained a healthy portfolio occupancy of 92.8% and achieved a positive rental reversion of 11.6% for lease renewals. On the sustainability front, the company increased its green financing to S$2.7 billion, representing 39% of its total borrowings, and maintained its 4-star GRESB rating. Additionally, CLAR completed asset enhancement initiatives at Pacific Tech Centre and ONE@Changi City, while continuing to expand its logistics portfolio in the United States.
Company: CapitaLand Ascendas REIT
Sector: Real Estate
Country: Singapore
Year: 2024
Type: AR2
Pages: 208
CapitaLand Ascendas REIT
Annual Report
The report highlights CapitaLand Ascendas REIT's (CLAR) performance for the fiscal year 2024, achieving an all-time high gross revenue of S$1.52 billion and a net property income of S$1.05 billion. CLAR maintained a healthy portfolio occupancy of 92.8% and achieved a positive rental reversion of 11.6% for lease renewals. On the sustainability front, the company increased its green financing to S$2.7 billion, representing 39% of its total borrowings, and maintained its 4-star GRESB rating. Additionally, CLAR completed asset enhancement initiatives at Pacific Tech Centre and ONE@Changi City, while continuing to expand its logistics portfolio in the United States.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Renewable Energy
Women on Board