CapitaLand Ascott Trust - UOB Kay Hian 2025-01-28: Portfolio Reconstitution Starting To Bear Fruit

• RevPAU grew 9% y-o-y to S$176 in 4Q24, exceeding pre-pandemic levels by 13%, driven by Japan (+37% y-o-y), Singapore (+15% y-o-y), Australia (+11% y-o-y) and the UK (+10% y-o-y). Average occupancy improved 4ppt y-o-y to 81%.
• CapitaLand Ascott Trust clocked cumulative divestment gains of S$74m in 2024. Management sees a positive outlook for Australia, France, Japan and the US in 1Q25.
• - Read this at SGinvestors.io -

Sustained growth with higher occupancies and room rates.

• - Read this at SGinvestors.io -
• Average occupancy improved 4ppt y-o-y to 81%. Among its six key markets, Japan registered the strongest RevPAU growth of 37% y-o-y, followed by Singapore (+15% y-o-y), Australia (+11% y-o-y) and the UK (+10% y-o-y).

Japan: Boosted by year-end holiday season.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Previous report by UOB:
2024-11-01 CapitaLand Ascott Trust - Steady Rise In RevPAU; Disciplined Capital Recycling.

Price targets by 2 other brokers at CapitaLand Ascott Trust Target Prices.

Listing of research reports at CapitaLand Ascott Trust Analyst Reports.

Relevant links:
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