CapitaLand Ascendas REIT (ACDSF) Q2 2026 Earnings Call Transcript

Good evening. Welcome to CapitaLand Ascendas REIT First Half 2026 Financial Results Briefing. I'm Johanna from the Investor Relations team. Thank you for joining us today in person at Capital Tower and remotely via Zoom. Please note that this briefing is recorded and will be made available on our website. We will start shortly with a presentation by Andrea Ng, Director of Investor Relations, followed by questions and answers with our management team. I'm pleased to introduce the panel this evening, Mr. Wee Leong Tay, our Chief Executive Officer. On his right, Ms. Koo Lee Sze, Chief Financial Officer; Mr. James Goh, Head of Portfolio Management for Singapore. Finally, Ms. Serene Ong, Head of Investment and Portfolio Management, International. With that, I'll hand over the time now to Andrea, who will take us through the highlights of the briefing. Thank you, Johanna, and thank you, and welcome to everyone joining us online and physically for CLAR's full year results briefing. So CLAR delivered a resilient set of results for the first half of 2026. Distributable income was higher by 8.6% year-on-year at $359.4 million, while the DPU remained stable at $0.07482. The higher distributable income