The lower headline numbers were due to realised exchange gains in FY2023, arising from the settlement of cross-currency interest rate swaps and repayment of foreign currency bank loans and medium-term notes.
CapitaLand Ascott Trust (CLAS) announced on Jan 27 its results for FY2024 and 2HFY2024 ended Dec 31, 2024, which saw headline distribution per stapled security falling 7% y-o-y to 6.1 cents and 3.55 cents respectively.
However, CLAS’ core DPS for 2HFY2024 rose 3% y-o-y to 3.08 cents and core DPS for FY2024 rose by 1% y-o-y to 5.49 cents.
