On 28 April 2025, CapitaLand Ascendas Real Estate Investment Trust (“CLAR”) have announced their first quarter business update for FY2025. It is noted that there is a significant decrease in their occupancy rate across their portfolio. The top tenant in the previous quarter, Singapore Telecommunications Limited, which accounted for 3.1% of the monthly portfolio gross revenue as of 31 December 2024… Source…
