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CapitaLand Ascott Trust posts 14.1% rise in H2 DPS to S$0.038

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Vivienne Tay
Raphael Lim

Vivienne Tay &

Raphael Lim

Published Mon, Jan 29, 2024 · 09:05 AM
    • The Robertson House by The Crest Collection, which falls under CapitaLand Ascott Trust's portfolio. The stapled group's managers report stronger performance and contributions from new properties.
    • The Robertson House by The Crest Collection, which falls under CapitaLand Ascott Trust's portfolio. The stapled group's managers report stronger performance and contributions from new properties. PHOTO: CAPITALAND ASCOTT TRUST

    CAPITALAND Ascott Trust ’s (Clas) on Monday (Jan 29) posted a 14.1 per cent rise in distribution per stapled security (DPS) to S$0.038 for the second half ended Dec 31, 2023, from S$0.0333 in the year-ago period.

    The managers attributed the growth mainly to stronger performance and contributions from new properties, based on the results released.

    DPS remained unchanged on a year-on-year basis at S$0.03, after excluding one-off items related to realised exchange gains arising from the repayment of foreign currency bank loans and the settlement of cross-currency interest rate swaps.

    CAPITALAND ASCOTT TRUSTFinancial resultsS-ReitsReitsSpotlight

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