Distribution Statements Year ended 31 December 2024 Stapled Group Note 2024 2023 $’000 $’000 Amount to be distributed to Stapled Securityholders at beginning of the year 116,477 77,679 Total return attributable to Stapled Securityholders and perpetual securities holders 241,175 231,255 Less: Total return attributable to perpetual securities holders (14,413) (13,495) Distribution adjustments A 4,467 19,249 Income available for distribution to Stapled Securityholders for the year 231,229 237,009 Distribution to Stapled Securityholders 347,706 314,688 Distributions to Stapled Securityholders during the year – Distribution of 2.255 cents per Stapled Security for the period from 24 August 2022 to 31 December 2022 – (77,699) – Distribution of 2.778 cents per Stapled Security for the period from 1 January 2023 to 30 June 2023 – (96,209) – Distribution of 0.701 cents per Stapled Security for the period from 1 July 2023 to 13 August 2023 – (24,303) – Distribution of 3.095 cents per Stapled Security for the period from 14 August 2023 to 31 December 2023 (116,474) – – Distribution of 2.547 cents per Stapled Security for the period from 1 January 2024 to 30 June 2024 (96,443) – (212,917) (198,211) Amount to be distributed to Stapled Securityholders at end of the year 134,789 116,477 Distribution per Stapled Security (cents) 6.10 6.57 Note A – Distribution adjustments Distribution adjustment items: – Net change in fair value of investment properties, investment properties under development and assets held for sale (51,106) (101,132) – Revaluation deficit on land and buildings 1,134 – – Net change in fair value of financial derivatives 5,295 24,327 – Profit from divestments (62,687) (16,016) – Investment properties written off 37 230 – Property, plant and equipment written off from renovation at The Robertson House by The Crest Collection 404 1,248 – Depreciation expense 38,215 38,897 – Managers’ management fees paid/payable in Stapled Securities 26,588 24,669 – REIT Trustee’s fee 160 158 – Foreign exchange loss – unrealised 45,189 15,270 – Interest expense on lease liabilities 9,603 9,716 – Lease payments for right-of-use assets (19,628) (18,716) – Deferred tax expense 9,088 33,723 – Tax expense relating to the divestment 6,068 14,105 – Non-controlling interests’ share of adjustments (3,869) (7,617) – Other adjustments (24) 387 Net effect of distribution adjustments 4,467 19,249 The accompanying notes form an integral part of these financial statements. 116 CapitaLand Ascott Trust
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