- CapitaLand Ascott Trust reported DPU of S$2.53 cents for 1H25, -0.8% y-o-y. Core DPU excluding non-periodic items, was S$2.40 cents, -0.4% y-o-y.
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- Debt metrics were relatively stable. Focus is on portfolio reconstitution and asset enhancements, though, timelines are fluid.
Mid-single digit gross profit growth
- CapitaLand Ascott Trust reported 1H revenue and gross profit of S$398.5m and S$182.5m, +3.1% and +5.6% y-o-y, respectively. Growth was led by ongoing portfolio reconstitution, asset enhancements and stronger operating performance with offsets from absence of one-off income and regional FX weakness. On a same-store basis, gross profit grew 4% y-o-y.
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- Barring Singapore, key markets registered RevPAU growth on a same-store basis, though, growth slowed down from 1Q levels. Gross profit margin improved by 1.1ppt y-o-y.
Focus on portfolio reconstitution; three new AEIs
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