13 Aug 2025 - SGX Auditorium

Navigating 2H2025 Investment Landscape: From Falling Yield to REIT Opportunities in Singapore - Click here to register

You will gain insights on:

• Falling Yields on Safe-Haven Products: Yields on Singapore Treasury Bills (T-bills) and Singapore Savings Bonds (SSBs) have declined to multi-year lows, with 6-month T-bills falling below 2% and SSBs offering an average of around 2.49%. As these rates become less competitive prompting investors to seek alternative options for parking with Cash
  
  
• Where to Park Your Money Now: Explore how recent rate cuts impact REITs and what they mean for investors seeking better returns
  
  
• Singapore REITs: Although Singapore REITs have underperformed US equities in recent years, they are showing signs of recovery in 2025, supported by resilient fundamentals, attractive valuations, and dividend yields around 6%. Amid global uncertainty and interest rate sensitivity, investors should focus on REITs with strong balance sheets, low gearing, and sustainable distributions to balance risk and opportunity.

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26 Aug 2025 - SGX Auditorium

REITs Forum: Beyond Borders: Outlook for Global REITs - Click here to register

Gain fresh perspectives on the REITs market—both at home and abroad—at the REITs Investment Forum 2025!

As the real estate investment landscape evolves, REITs continue to play a pivotal role in offering investors a unique blend of stability, income, and long-term growth.

The REITs Investment Forum 2025 brings together leading experts and stakeholders from both the Singapore and global REIT ecosystems for a deep-dive into what lies ahead for the sector.

This dual-session event is designed to provide a comprehensive view of the REITs market—starting with Singapore’s homegrown resilience and expanding to the challenges and opportunities in international markets.

Whether you are a seasoned REIT investor, a financial advisor, or simply looking to diversify your portfolio, this forum delivers valuable insights to help guide your strategy in 2025 and beyond.

( YTD: +5.84% | 5D: -0.73%)

4 Aug - Half Yearly Results

• Distributable income for 1H 2025 was stable year-on-year at S$331.1 million
  
  
• Portfolio occupancy remained healthy at 91.8% and leases renewed in 1H 2025 achieved a positive average rental reversion of 9.5%
  
  
• Healthy aggregate leverage of 37.4% and stable cost of debt of 3.7% for 1H 2025
  
  
• Accretive acquisitions of three well-located, modern properties in Singapore and the US totalling S$878.0 million, as well as completion of 1 Science Park Drive redevelopment for S$300.2 million in 2025 will enhance CLAR’s portfolio quality and contribute to long-term returns

Report that distributable income for the six months ended 30 June 2025 (1H 2025) was stable at S$331.1 million, an increase of 0.1% year-on-year (YoY).

Taking into account an enlarged unit base of approximately 4.4 billion (+0.7% YoY) following the issuance of new units pursuant to CLAR’s private placement in May 2025 to fund acquisitions, Distribution per Unit (DPU) for 1H 2025 declined slightly to 7.477 Singapore cents (-0.6% YoY).

Gross revenue for 1H 2025 decreased by 2.0% YoY to S$754.8 million mainly due to the divestments of five properties in Australia (February 2024), Singapore (November 2024) and the US (June 2025), as well as the decommissioning of a property in the UK for redevelopment in June 2024. The decrease was partially offset by the acquisition of a property in the US in January 2025. Consequently, net property income decreased by 0.9% YoY to S$523.4 million.

Accretive Acquisitions

In 1H 2025, the Manager successfully completed the acquisition of DHL Indianapolis Logistics Center, a modern logistics property in Indianapolis, the US, at a total acquisition cost of S$153.4 million.

The acquisitions of 9 Tai Seng Drive, a Tier III colocation data centre in Singapore, and 5 Science Park Drive, a premium business space property in Singapore, for an aggregate acquisition cost of approximately S$724.6 million were approved by Unitholders at the EGM held on 30 July 2025. The acquisitions of 9 Tai Seng Drive and 5 Science Park Drive are expected to be completed in the second half of 2025.

All three properties are high-quality assets that are fully occupied and will further strengthen CLAR’s portfolio and income stream.

Redevelopments and Asset Enhancement Initiatives (AEIs)

The Manager continued its efforts to optimise returns from the existing portfolio by repositioning and upgrading properties through redevelopments and AEIs. The redevelopment of 1 Science Park Drive, a premium business space and life sciences property in Singapore, was completed in 1H 2025 at a total development cost of about S$883.0 million. Located within the Geneo life sciences and innovation cluster at Singapore Science Park adjacent to the Kent Ridge MRT station, the property has attracted strong leasing interest with 95% of the total net lettable area of 103,200 square metres committed or in advanced negotiations. The majority of tenants are from the life sciences, innovation and technology sectors. Jointly owned by CapitaLand Development (66% stake) and CLAR (34% stake), the redevelopment intensified the gross plot ratio threefold to 3.6, creating a world-class Grade A business space and life sciences property complemented by vibrant retail elements.

In 1H 2025, two AEIs at 80 Bendemeer Road in Singapore and Perimeter Two in Raleigh, the US, totalling S$4.6 million were completed, further improving the quality of the existing portfolio.

Currently, there are six ongoing projects, including one development, three redevelopments and two AEIs, with an aggregate investment of S$498.4 million. These projects are scheduled for completion between 3Q 2025 and 1Q 2028. The Manager remains committed to identifying and executing such organic growth initiatives to create long-term value for Unitholders.

Divestment

In line with the Manager’s proactive capital recycling strategy to optimise returns for Unitholders, the Manager divested Parkside, a business space property in Portland, the US, for S$26.5 million in June 2025. The sale price represented a premium of approximately 45% to the independent market valuation of S$18.25 million as at 31 December 2024.

Summary

There remain significant uncertainties surrounding global trade dynamics, inflation trends and monetary policies of major central banks. CLAR’s stable performance is underpinned by its diversified and resilient portfolio that is anchored in Singapore.

The WALE of CLAR’s portfolio is long at 3.7 years and the large customer base comprises approximately 1,790 tenants from more than 20 different industries.

With a strong balance sheet and healthy liquidity, CLAR remains nimble and disciplined in pursuing accretive opportunities to enhance its portfolio and deliver sustainable returns to Unitholders.

For more information, please click here

( YTD: +17.10% | 5D: +3.20%)

5 Aug - Acquire the remaining 55% interest in CapitaSpring’s premium Grade A office tower for S$1,045.0 million

Quick Summary highlights

• Proposed acquisition of CapitaSpring is based on the agreed property value of S$1,900.0 million and is expected to deliver distribution per unit (DPU) accretion of 1.1%
  
  
• Transaction strengthens CICT’s leadership position in Singapore’s commercial real estate market and positions it for future growth in the resilient office sector

For more information, please click here

( YTD: +10.13% | 5D: +3.77%)

6 Aug -  Half Yearly Results 2025

• Gross revenue and net property income rose by 8.1% and 8.0% YoY respectively, reflecting income growth from acquisitions
  
  
• DI grew by 9.5% year-on-year attributed to acquisitions in 2024 and Singapore hospitals with step-up lease arrangements
  
  
• DPU increased 1.5% year-on-year to 7.65 Singapore cents for 1H 2025
  
  
• Financial position remains healthy with gearing at 35.4% and no long-term refinancing needs until September 2026

Quick Highlights

The Group delivered a resilient performance during the period, supported by higher rental contributions from its core Singapore hospitals and incremental income from newly acquired assets in Japan and France.

Gross revenue for the half-year rose 8.1% year-on-year (“YoY”) to S$78.3 million, while net property income grew 8.0% to S$73.8 million. Distributable income to unitholders increased 9.5% YoY to S$49.9 million. Arising from an enlarged unit base3 , this translated into a Distribution per Unit (“DPU”) of 7.65 Singapore cents, a 1.5% increase from the 7.54 Singapore cents declared in the same period last year.

The improved performance was driven by additional contributions from the acquisition of 11 nursing homes in France and one nursing home in Japan in 2H 2024, partially offset by the depreciation of the Japanese Yen (“JPY”). Meanwhile, the Group’s Singapore hospitals continued to deliver steady growth under long-term master leases with fixed 3% annual rental step-ups through FY2025.

For more information, please click here

( YTD: +9.92% | 5D: +3.91%)

5 Aug - Pricing of S$200,000,000 2.45% Fixed Rate Senior Green Notes due 2032 under S$5,000,000,000 Euro Medium Term Securities Programme

For more information, please click here

CNA938 Rewind - Will NTT DC Reit recover from its weak SGX debut?

Singapore's NTT DC Reit, a data centre real estate investment trust, had a lacklustre market debut after riding a wave of AI interest to raise $773 million in the city-state's biggest IPO in four years. What could be weighing down on its performance? And is there really no saving grace for the SGX? Hairianto Diman chats with Kenny Loh, Wealth Advisory Director, REIT specialist and SGX Academy Trainer to find out.

You can listen to the CNA interview here, or read the summarised Q&A and/or transcript below.

Click here for the full article here