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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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.