Investor Presentaiton
FY 2022 Performance and Portfolio Highlights
Building a stronger portfolio, delivering higher distributions
CLEF
Strong recovery from Covid-19
Continued recovery in
distribution per Stapled Security (DPS)
5.67 cents
+31%
4.32
3.03
Active portfolio reconstitution
Augmenting the portfolio with
15 quality, accretive acquisitions
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•
•
FY 2020
FY 2021
FY 2022
Investing c.S$420 mil in 12 longer-stay
properties and 3 serviced residences
Increasing longer-stay asset allocation from
16% in 2021 to 19%2
>2% increase in portfolio valuation
c.S$200 mil in fair value gain due to stronger
operating performance and outlook
Demonstrating
financial strength and discipline
Maintained BBB- (stable outlook)
investment grade credit rating
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Healthy gearing of 38.0% and low average
cost of debt of 1.8% per annum
Interest cover of 4.4X
Strong lender and investor support
Refinanced c.S$740 mil of debt in 2022,
of which c.S$420 mil was issued as
sustainable financing
Successfully raised S$170 mil in equity
despite challenging market conditions
Notes:
1.
2.
Refers to rental housing and student accommodation properties
Based on property valuations as at 31 Dec 2022, value of acquisitions announced or completed up to 30 Jan 2023
CapitaLand Ascott Trust
Investor Presentation
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