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’s (CLAS) headline distribution per stapled security in FY2024 and 2HFY2024 declined by 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.
