- CapitaLand Ascott Trust (CLAS) reported DPU of 3.58 cents for 2H25 (+0.8% y-o-y), which is in line with our expectations. It retained S$23.2m from non-periodic items to fund future asset enhancement initiatives (AEI).
- - Read this at SGinvestors.io -
Growth on higher occupancies and AEIs.
- Revenue and gross profit went up 4% and 2% y-o-y respectively in 2H25 due to a stronger operating performance, portfolio reconstitution and AEIs. On a same-store basis, revenue and gross profit grew 3% and 1% y-o-y respectively.
- Portfolio RevPAU rose 2% y-o-y to S$180 in 4Q25 as occupancy improved 2ppt y-o-y to 83%. Portfolio valuation increased 1.7% or S$130m with revaluation gains from Japan, France and Australia.
Australia: Growth on sports events.
- - Read this at SGinvestors.io -
- Excluding property tax adjustments, gross profit rose 3% y-o-y on a same-store basis. Events to be held in 1Q26 include Mardi Gras (Sydney), Australian Open (Melbourne) and Australian Grand Prix (Melbourne).
Singapore: Recovery on vibrant events calendar.
- Read more at SGinvestors.io.
