DBS Bank has sold one million units in CapitaLand Ascendas REIT A17U (CLAR) to the open market.
The sale, which was conducted on Aug 26, netted the bank $2.87 million or $2.87 per unit.
Following the sale, DBS’s stake in CLAR came up to 0.835%.
On Aug 27, however, DBS acquired 100,000 units in CLAR at $286,000 or $2.86 per unit. This increased the bank’s stake in CLAR slightly to 0.8369%.
CLAR reported a distribution per unit (DPU) of 7.524 cents for the 1HFY2024 ended June 30, 2.5% lower y-o-y.
Revenue for the same period rose 7.2% y-o-y to $770.1 million due to full contributions from the REIT’s acquisitions in Singapore that were completed in 1HFY2023.
See also: Stamford Land’s executive chairman ups stake to 46.059%
Units in CLAR closed flat at $2.88 on Sept 2.
