CapitaLand Ascendas REIT (A17U.SI) reported Tuesday first-quarter portfolio occupancy Of 90.5 percent in asset management, down from 91.5 percent in the previous quarter, and lower than 90.9 percent in the sequential fourth quarter.
The company recorded year-over-year decline in portfolio occupancy in all regions, except Australia.
In Investment management, the company said it is advancing CLAR's portfolio rejuvenation strategy with approximately S$1.6 billion of DPU-accretive acquisitions.
The company's expected initial NPI yields range from 4.3 percent to 7.4 percent pre-transaction costs.
In Capital Management, aggregate leverage increased to 42.0 percent from 39 percent at the end of the previous quarter.
The company added that average portfolio rental reversion of leases renewed in the quarter was 10.6 percent, compared to 11% last year, and 19.6% in the fourth quarter.
Rental reversion for fiscal 2026 is expected to be mid single-digit.
In Singapore, CapitaLand Ascendas REIT shares were trading at S$2.5200, down 0.79 percent.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.