CapitaLand Reits average 39% gearing with operational growth
@SGX_Stars:
Capitaland Investment (CLI), one of Singapore’s largest global real estate investment managers, oversees S$133 billion in real estate asset under management (RE AUM) and S$89 billion in fund under management (FUM) as of Mar 31, 2023. CLI’s fund management business includes 36 private funds and six listed real estate investment trusts (Reits) and business trusts, of which five are listed in Singapore.CapitaLand Investment’s (CLI) Singapore-listed Reits and business trusts1. $ASCENDAS REAL ESTATE INV TRUST(A17U.SI)$ Aside from CapitaLand Ascendas Reit (CLAR) $ASCENDAS REAL ESTATE INV TRUST(A17U.SI)$ which did not disclose financial results in a first-quarter 2023 business update, CLI noted that severa