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CapitaLand Ascott Trust H1 DPS falls 8% to S$0.0255; CEO says top-up to distribution is ‘an option’

The managers attribute the decline mainly to the depreciation of foreign currencies against the Singapore dollar

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Chong Xin Wei
Megan Cheah

Chong Xin Wei &

Megan Cheah

Published Fri, Jul 26, 2024 · 08:37 AM
    • In June 2024, Clas acquired the remaining 10 per cent stake in The Standard at Columbia, a student accommodation property in South Carolina, USA.
    • In June 2024, Clas acquired the remaining 10 per cent stake in The Standard at Columbia, a student accommodation property in South Carolina, USA. PHOTO: CAPITALAND ASCOTT TRUST

    CAPITALAND Ascott Trust (Clas) posted an 8 per cent drop in distribution per stapled security (DPS) to S$0.0255 for the first half ended Jun 30, from S$0.0278 in the year-ago period.

    On Friday (Jul 26), the managers attributed this decline mainly to the depreciation of foreign currencies against the Singapore dollar.

    Excluding non-periodic items related to realised exchange gain from the settlement of cross-currency interest rate swaps, DPS inched down by 1 per cent year on year at S$0.0241.

    Financial resultsCAPITALAND ASCOTT TRUST

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