Fullerton, an investment manager and indirect subsidiary of Tembusu Capital, has disposed of 115,100 units in CapitaLand Ascendas REIT A17U (CLAR) to the open market. Tembusu Capital is a direct wholly-owned subsidiary of Temasek Holdings.
The disposal, which was conducted on Sept 25, netted the group $328,552.95, or $2.85 per unit.
Following the disposal, Fullerton’s stake in CLAR now stands at 0.454%.
CLAR reported a distribution per unit (DPU) of 7.524 cents for 1HFY2024 ended June 30, marking a 2.5% y-o-y decline.
Meanwhile, revenue for the same period increased by 7.2% y-o-y to $770.1 million, on the back of full contributions from the REIT’s acquisitions in Singapore, which were completed during 1HFY2023.
Shares in CLAR closed 0.4 cents higher, or up 1.40%, at $2.90 on Oct 1.
