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

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.