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.