DBS Bank has disposed of 1 million units in CapitaLand Ascendas REIT (CLAR) worth $2.66 million to the open market, according to a bourse filing on March 26.
The sale, which was conducted on March 20, brings DBS’s total stake in the REIT to 1.012% of the units.
DBS last bought 900,000 units in CLAR on Oct 15, for a purchase consideration of $2.5 million or $2.78 apiece, and sold 500,000 units in CLAR on Sept 9 for $1.5 million, or $2.91 per unit.
CapitaLand Ascendas REIT’s (CLAR) FY2024 DPU rose 0.3% to 15.205 cents on a 2.2% y-o-y rise in distributable income to $668.8 million, and despite a 1.9% increase in the number of units. In 2H2024 DPU improved by 2.1% y-o-y to 7.681 cents.
Units in CLAR closed 1 cent lower or 0.37% down at $2.66 on March 26.
