- CapitaLand Ascott Trust's 2H24 revenue and gross profit were up y-o-y, but distribution per stapled security fell 7% y-o-y to 3.55 Singapore cents on a lower quantum of non-periodic items relate to realised exchange gains arising from the settlement of cross currency interest rate swaps and repayment of foreign currency bank loans and medium-term notes.
Lower FY24 DPS on lower quantum of non-periodic items
- - Read this at SGinvestors.io -
- However, total distribution declined 4.2% y-o-y to S$134.8m on the back of a lower quantum of non-periodic items. This translates to a 6.6% y-o-y decline in 2H24 distributions per stapled security (DPS) to 3.55 Singapore cents, payable on 28 Feb 2025. Management shared that, after adjusting for these non-periodic items, core DPS would have grown 3%.
- - Read this at SGinvestors.io -
Sequential improvement in underlying operating metrics; performance expected to remain resilient
- Read more at SGinvestors.io.
Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
Ada Lim OCBC Investment Research | https://www.iocbc.com/ 2025-01-27
Read also OCBC's most recent report:
2025-02-03 CapitaLand Ascott Trust - Out With The Old, In With The New.
Price targets by 2 other brokers at CapitaLand Ascott Trust Target Prices.
Listing of research reports at CapitaLand Ascott Trust Analyst Reports.
Relevant links:
CapitaLand Ascott Trust Share Price History,
CapitaLand Ascott Trust Announcements,
CapitaLand Ascott Trust Dividend Payout Dates & Corporate Actions,
CapitaLand Ascott Trust News
