CapLand Ascendas REIT's portfolio occupancy rate slightly decreased to 91.5%

As of the end of March, CapitaLand Ascendas REIT's portfolio occupancy rate was 91.5%, a slight decrease from 92.8% at the end of last year. The occupancy rates in Singapore, the United States, Australia, and the UK/Europe have all declined, standing at 91.6%, 88.0%, 89.2%, and 98.9%, respectively. The rental increase rate for the first quarter was 11.0%, and it is expected that the rental recovery rate for the fiscal year 2025 will be in the mid-single-digit range. The occupancy rate of the Telepark commercial building in Singapore has significantly dropped to 6.0%, while the occupancy rates of Techpoint industrial building and 3 Changi Business Park Vista have improved