- CapitaLand Ascott Trust (SGX:HMN) provided its 3Q25 business update.
Sustained growth with higher occupancies.
- Revenue per available unit (RevPAU) expanded 3% y-o-y to S$163 in 3Q25. Average occupancy improved 4ppt y-o-y to 83%.
- - Read this at SGinvestors.io -
Held back temporarily by one-off land tax adjustment.
- Gross profit increased 1% y-o-y in 3Q25, supported by portfolio reconstitution and asset enhancement initiatives (AEI), mitigated by the depreciation of foreign currencies against the strong Singapore dollar.
- On a same-store basis, gross profit declined 2% y-o-y due to a one-off land tax adjustment of A$4.1m related to Pullman and Mercure Brisbane King George Square in Australia. Excluding the one-off land tax adjustment, growth in gross profit on same-store basis would be in line with RevPAU growth of 3% y-o-y.
Australia: Continuous string of sporting events.
- - Read this at SGinvestors.io -
- CapitaLand Ascott Trust (SGX:HMN) has renewed a master lease for five years with rental growth of 4% for the first year and 3% for each subsequent year.
UK: AEI lifted RevPAU.
- Read more at SGinvestors.io.
