- 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.