DBS Bank has bought 675,000 more units in CapitaLand Ascendas REIT A17U (CLAR) on Sept 4, for a purchase consideration of $1.88 million or $2.79 apiece.
Following the transaction, DBS’s stake in CLAR came up to 0.849%.
Prior to the transaction, DBS acquired 100,000 units in CLAR at $286,000 or $2.86 per unit on Aug 27.
CLAR reported a distribution per unit (DPU) of 7.524 cents for 1HFY2024 ended June 30, marking a 2.5% y-o-y decline.
However, 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 at 1 cent higher or up 0.35% at $2.90 on Sept 10.
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