CapitaLand Ascott holds DPS at 6.10 cents amidst 11% income rise
Income available for distribution increased to $256.7m during the period.
CapitaLand Ascott Trust declared a distribution per stapled security (DPS) of 6.10 cents for the financial year ended 31 December 2025 (FY 2025), remaining unchanged from the previous year.
Income available for distribution to stapled securityholders rose 11% year-on-year (YoY)to $256.7m, according to the group’s press release.
Total distribution amounted to $233.5m, after the trust retained $23.2m of non-periodic items for asset enhancement initiatives and working capital purposes.
For the six months ended 31 December 2025, DPS increased 1%YoY to 3.58 cents, with payment scheduled for 27 February this year.
Meanwhile, gross profit for FY2025 rose 4% to $385.3m, whilst revenue increased 3% to $837.6m.
Stronger operations and asset enhancements helped offset currency weakness and higher property taxes in FY2024 and FY2025, the trust said.
On a same-store basis, excluding acquisitions and divestments, revenue and gross profit grew 3% and 1% respectively.
Revenue per available unit went up 3% to $161, supported by higher average occupancy rates. Portfolio valuation increased 1.7% to $8.9b with valuation gains recorded mainly in Japan, France and Australia.