BlackRock Inc. has acquired 299,900 units in CapitaLand Ascendas REIT A17U (CLAR) for a purchase consideration of $869,710, or $2.90 apiece.
Following the transaction, BlackRock’s stake in CLAR came up to 7%.
CLAR reported a distribution per unit (DPU) of 7.524 cents for 1HFY2024 ended June 30, representing a 2.5% y-o-y decline.
That said, revenue for the same period increased by 7.2% year-on-year to $770.1 million, driven by full contributions from the REIT’s acquisitions in Singapore completed during 1HFY2023.
Units in CLAR closed 1 cent higher, or up 0.35%, at $2.90 on Oct 3.
