- CapitaLand Ascott Trust’s 1Q25 gross profit rose 4% y-o-y. On a same store basis, this would have been 1% higher y-o-y.
- Portfolio RevPAU was up a corresponding 4% y-o-y to an estimated S$140, largely driven by a 4 percentage point (ppt) improvement in occupancy to 77%.
Most key markets registered y-o-y RevPAU growth
- - Read this at SGinvestors.io -
- We also note that, on a same store basis, RevPAU in Singapore would have been down 3% y-o-y, likely due to a high base effect from Taylor Swift concerts and the biennial Singapore Airshow in 2024.
Gearing likely to remain at or around 40%.
- - Read this at SGinvestors.io -
- Cost of debt remained stable, dipping 10 bps over the same period to 2.9% on lower interest rates for floating EUR and GBP loans. With 76% of total debt on fixed rates, every 100 bps increase in interest rate is expected to weigh on distribution per stapled security (DPS) by 0.28 Singapore cents.
Tariff’s the word.
- Read more at SGinvestors.io.
