Excluding the lower level of non-periodic items, the adjusted DPS for 1HFY2024 stood at 2.41 cents. The total distribution for 1HFY2024 was $96.5 million, comparable to $96.3 million in 1HFY2023.
CapitaLand Ascott Trust (CLAS) has reported a distribution of stapled security (DPS) of 2.55 cents for its 1HFY2024 ended June, down 8% from the 2.78 cents recorded in the previous corresponding period.
Acquisitions, completed asset enhancement initiatives (AEIs) and interest savings from the repayment of higher interest debt mitigated the impact of divestments and ongoing AEIs, while the depreciation of most foreign currencies against the Singapore dollar affected distributions.
