- CapitaLand Ascott Trust’ portfolio RevPAU recovered 88% y-o-y and 6% q-o-q to S$132 in 3Q22, which is 87% of pre-pandemic levels on a pro forma basis, due to higher occupancy (>70% in 3Q22) and ADR (9M22: +40% y-o-y).
- - Read this at SGinvestors.io -
- CapitaLand Ascott Trust's aggregate leverage was healthy at 35.8%, while cost of debt was stable at 1.7%. 2023 distribution yield is attractive at 6.5%. Maintain BUY.
CapitaLand Ascott Trust (CLAS)'s 3Q22 results
- CapitaLand Ascott Trust (SGX:HMN) reported its 3Q22 business update. See CapitaLand Ascott Trust's announcement dated 28 Oct 2022.
- - Read this at SGinvestors.io -
Recovery momentum sustained into 3Q22.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Jonathan KOH CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2022-11-02
Read also UOB's most recent report:
2024-01-30 CapitaLand Ascott Trust - Broad-based Growth In 2H23 with More Room For Recovery In Asia Pacific.
Previous report by UOB:
2023-10-31 CapitaLand Ascott Trust - Broad-based Recovery In 3Q23 Across Key Markets.
Price targets by 5 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 Dividends & Corporate Actions,
CapitaLand Ascott Trust News Articles
