CapitaLand Ascott Trust - OCBC Investment 2024-04-24: Electric Touch

CapitaLand Ascott Trust - Electric Touch

CapitaLand Ascott Trust (SGX:HMN) | SGinvestors.ioCapitaLand Ascott Trust (SGX:HMN)

An upbeat 1Q24 business update

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  • 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.
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CapitaLand Ascott Trust as a beneficiary of “Swift” action

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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 @

Ada Lim OCBC Investment Research | 2024-04-24

Previous report by OCBC:
2024-01-30 CapitaLand Ascott Trust - First Class.

Price targets by 3 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


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