CapitaLand Ascott Trust (CLAS) has reported a distribution per Stapled Security (DPS) of 6.10 Singapore cents for the financial year ending 31 December 2025, reflecting its commitment to stable distributions. This announcement coincides with CLAS’s 20th anniversary, during which it achieved an 11% year-on-year increase in income available for distribution, totalling S$256.7m. The growth was attributed to enhanced operating performance, portfolio reconstitution, and higher non-periodic items.
The trust’s revenue and gross profit rose by 3% and 4% respectively, despite challenges such as foreign currency depreciation and property tax adjustments. CLAS’s revenue per available unit (REVPAU) increased by 3% year-on-year to S$161, with a notable 2% rise in the fourth quarter to S$180, driven by higher occupancy rates.
Chairman Lui Chong Chee highlighted CLAS’s disciplined growth strategy, stating, “Since the listing of CLAS on the Singapore Exchange two decades ago, CLAS has grown its distribution income at a compounded annual growth rate of about 12% and delivered a total return of more than 250% to Stapled Securityholders.”
Looking forward, CEO Serena Teo emphasised plans to enhance the portfolio’s resilience by strengthening market presence and recycling capital from divestments. CLAS aims to allocate 25%–30% of its portfolio to the living sector whilst maintaining 70%–75% in hospitality assets. Asset enhancement initiatives are planned in key cities such as London, Sydney, and New York to boost performance and value.
CLAS’s strategic focus on sustainable growth and disciplined management positions it well for future opportunities, with a strong financial footing and a commitment to excellence and sustainability.
