Basic Profile & Key Statistics
Performance Highlight
Gross revenue and NPI declined slightly YoY, mainly due to the decommissioning of Welwyn Garden City in June 2024 and the divestment of several properties across Singapore, Australia, and the US. This was partially offset by the acquisition of DHL Indianapolis Logistics Center in January 2025. Despite the revenue dip, NPI remained relatively stable due to lower property expenses. Distributable income remained flat YoY, while DPU dipped marginally due to an enlarged unit base following the recent private placement.
Rental Reversion
CLAR achieved strong portfolio rental reversions, averaging +9.5% for 1H FY25—driven by +8% in 2Q and +11% in 1Q.
Acquisition
In January 2025, CLAR completed the acquisition of DHL Indianapolis Logistics Center. Separately, two acquisitions—9 Tai Seng Drive and 5 Science Park Drive—were announced in May and are expected to complete in 2H 2025. CLAR also completed the redevelopment of 1, 1A, and
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