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Commercial Property Residential Property

Staff Reporter

, Singapore

Published:

2 years ago

237 views

CLAS completed the turnkey acquisition of Teriha Ocean Stage (pictured), a 258-unit rental housing property in Fukuoka, Japan at an estimated net operating income yield of about 4% on a stabilised basis. (Photo from CLAS)

CapitaLand Ascott Trust posts 16% YoY higher DPS in FY23

Its DPS rose to $0.0657.

CapitaLand Ascott Trust (CLAS) saw its distribution per Stapled Security (DPS) increase by 16% YoY to $0.0657 in FY2023.

CLAS also recorded a 25% YoY higher total distribution of $237.0m.

CLAS attributed the increase in its total distribution to "stronger operating performance and contributions from 18 new acquisitions."

In FY23, CLAS' revenue per available unit grew 23% YoY to $148m due to strong demand for its properties driven by the continued recovery of international travel.

Meanwhile, CLAS' total revenue for the year was $744.5m, up 20% from FY22.

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