Broker Name: DBS
Date of Report: (Date not explicitly stated in the document; inferred to be post-FY25 results, likely mid-2024)
Excerpt from DBS report.

• Capland Ascott Trust (CLAS) reported stable FY25 distributions, with DPU maintained at 6.10 cents and gross revenue up 3% year-on-year, supported by improved occupancy and past portfolio reconstitution.
• Several major asset enhancement initiatives (AEIs) are planned for 2026, potentially delaying a return to full core DPU until FY28; AEI completions and acquisitions are expected to drive future DPU upside.

Above is an excerpt from a report by DBS. Clients of DBS can be the first to access the full report from the DBS website: https://www.dbs.com