CapitaLand Ascott Trust H1 DPS falls 8% to Salt=

CapitaLand Ascott Trust H1 DPS falls 8% to S$0.0255; CEO says top-up to distribution is ‘an option’

July 26, 2024 / Sarkiya Ranen /


The managers attribute the decline mainly to the depreciation of foreign currencies against the Singapore dollar

CAPITALAND Ascott Trust (Clas) posted an 8 per cent drop in distribution per stapled security (DPS) to S$0.0255 for the first half ended Jun 30, from S$0.0278 in the year-ago period.

On Friday (Jul 26), the managers attributed this decline mainly to the depreciation of foreign currencies against the Singapore dollar.

Excluding non-periodic items related to realised exchange gain from the settlement of cross-currency interest rate swaps, DPS inched down by 1 per cent year on year at S$0.0241.



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Sarkiya Ranen

I am an editor for Ny Journals, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

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