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.
