- Increase in CapitaLand Ascott Trust (SGX:HMN)'s 1Q24 gross profit underpinned by both organic and inorganic growth, with hospitality demand remaining robust.
An upbeat 1Q24 business update
- - Read this at SGinvestors.io -
- Meanwhile, 1Q24 RevPAU increased 6% y-o-y to S$135, recovering to 100% of 1Q19 pro forma RevPAU. This was underpinned by higher ADRs, while average portfolio occupancy remained stable y-o-y at 73%, representing 88% of 1Q19 pro forma levels.
RevPAU growth to moderate from the strong rebound in FY23
- All of CapitaLand Ascott Trust’s key markets posted RevPAU growth during the quarter, with RevPAU in Australia, Japan, Singapore, UK, and US increasing 8%, 31%, 6%, 11%, and 4% y-o-y, respectively, in local currency terms.
- - Read this at SGinvestors.io -
CapitaLand Ascott Trust as a beneficiary of “Swift” action
- 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/ 2024-04-24
Previous report by OCBC:
2024-01-30 CapitaLand Ascott Trust - First Class.
Price targets by 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
