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

• 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 an excerpt from a report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.

Read also OCBC's most recent report:
2026-01-30 CapitaLand Ascott Trust - Stability’s The Word.

Previous report by OCBC:
2025-10-29 CapitaLand Ascott Trust - Strength In Diversification.

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 Dividend Payout Dates & Corporate Actions,
CapitaLand Ascott Trust News