CapitaLand Ascott Trust - Phillip Securities 2024-04-25: Occupancy To Improve With ADRs Stabilising

• CapitaLand Ascott Trust (SGX:HMN)'s 1Q24 gross profit rose 15% y-o-y due to stronger operating performance and contributions from new properties. It was 7% higher y-o-y on a same-store basis.
• - Read this at SGinvestors.io -
• Upgrade CapitaLand Ascott Trust from ACCUMULATE to BUY with an unchanged DDM-based CapitaLand Ascott Trust target price of S$1.04 due to the recent performance of CapitaLand Ascott Trust share price.
• - Read this at SGinvestors.io -

The Positives

1Q24 RevPAU grew 6% y-o-y to S$135, in line with pre-pandemic 1Q19 pro-forma RevPAU mainly due to higher ADRs.

• Read more at SGinvestors.io.

Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.

Read also Phillip's most recent report:
2025-10-30 CapitaLand Ascott Trust 3Q25 - Committed To Maintaining Stable Dividends.

Previous report by Phillip:
2025-07-31 CapitaLand Ascott Trust - Committed To Stable DPU Despite Upcoming AEIs.

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