CapitaLand Ascott Trust (CLAS) has announced a stable Distribution per Stapled Security (DPS) of 2.53 Singapore cents for the first half of 2026, maintaining its year-on-year performance. The trust reported an 11% increase in income available for distribution, reaching S$107.1m, attributed to higher non-periodic items. Total distribution was S$97.5m after retaining S$9.6m in non-periodic items.
The trust’s core distribution income faced challenges from transitional factors such as timing differences in acquisitions and divestments, asset enhancement initiatives (AEIs), foreign exchange impacts, and one-off tax adjustments. Despite these, revenue per available unit (REVPAU) increased by 1% year-on-year, showcasing resilience amidst macroeconomic uncertainties.
Serena Teo, CEO of CapitaLand Ascott Trust Management Limited, highlighted the trust’s strategic moves, including acquiring three rental housing properties in Japan and divesting The Robertson House in Singapore. These actions aim to enhance portfolio quality and income resilience. “We remain focused on recycling capital into higher-quality assets and value-enhancing AEIs to strengthen CLAS’ income profile,” Teo stated.
Looking ahead, the trust plans to open Somerset Clarke Quay Singapore in early 2027, which, along with contributions from renovated properties, is expected to bolster future income growth. The record date for the 1H 2026 DPS is 5 August, with distributions to be paid on 28 August.
