News

Commercial Property Residential Property

Staff Reporter

, Singapore

Published:

9 months ago

211 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.

Follow the link for more news on

CapitaLand

Financial Statements

Also Read

One Sophia sells 30% of units at weekend launch

SLA launches tender to revitalise Tanjong Katong Complex

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit