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:
2025-04-29 CapitaLand Ascott Trust - Jitterbug.

Previous report by OCBC:
2025-02-03 CapitaLand Ascott Trust - Out With The Old, In With The New.

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 Dividend Payout Dates & Corporate Actions,
CapitaLand Ascott Trust News