- CapitaLand Ascott Trust’s 3Q24 gross profit rose 8% y-o-y. A large part of this was driven by active portfolio reconstitution initiatives; on a same-store basis, gross profit would have grown 2% y-o-y on stronger operating performance.
- - Read this at SGinvestors.io -
Most key markets posted y-o-y RevPAU except Australia
- Most of CapitaLand Ascott Trust's key markets posted y-o-y RevPAU growth, with Japan/UK/US RevPAU rising 6%/7%/3%, respectively, in local currency terms. Australia was the only laggard with 3Q24 RevPAU declining 11% y-o-y, because of high base effects given that the FIFA Women’s World Cup was held in 3Q23.
- - Read this at SGinvestors.io -
- While hotel revenue per available room (RevPAR) growth is moderating globally, we expect it to remain generally positive in 2025, barring any unforeseen circumstances.
Active portfolio reconstitution remains underway
- Read more at SGinvestors.io.
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 @ https://www.iocbc.com/.
Ada Lim OCBC Investment Research | https://www.iocbc.com/ 2024-10-30
Previous report by OCBC:
2024-10-01 CapitaLand Ascott Trust - The Sunny Side Of Lyf.
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
