CapitaLand Ascott Trust H2 DPS rises 47% to S$0.0333; managers eye greater traction from China reopening

CAPITALAND Ascott Trust (Clas) on Monday (Jan 30) reported a 47 per cent increase in distribution per stapled security (DPS) to S$0.0333 for the half year ended Dec 31, 2022, from S$0.0227 the previous year.

Including adjustments for one-off items as well as a divestment gain of S$25 million, the adjusted DPS would have near-doubled to S$0.03 from S$0.0151 in H2 FY2021.

Revenue for the half year was up 69 per cent to S$353.8 million, from S$209.4 million a year ago.