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CapitaLand Ascott Trust announced the proposed divestment of The Robertson House in Singapore to an unrelated third party. The sale price of S$360m translates to an exit EBITDA yield of 2.3% and a 4.0% premium to an independent valuation of S$346m as at 31 Dec 2025.
Opportunistic divestment to unlock a net gain of S$38.1m.
- - Read this at SGinvestors.io -
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On a pro forma basis, had the divestment been completed on 1 Jan 2025, FY25 distribution per stapled security (DPS) would have been 3.1% lower at 5.91 Singapore cents, while net asset value (NAV) per stapled security remains unchanged at 1.17 Singapore cents.
Redevelopment works at Somerset Clarke Quay Singapore are on track.
- - Read this at SGinvestors.io -
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Singapore remains a key market for CapitaLand Ascott Trust; barring a significant deterioration in the macroeconomic outlook, in part due to the Middle East conflict, we remain constructive on the Singapore hospitality sector, which we think will be supported by growing international arrivals and tourist receipts.
Maintain fair value estimate of S$0.95.
- Read more at SGinvestors.io.
Above is an excerpt from a report by OCBC Group Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.
Ada Lim OCBC Group Research | https://www.iocbc.com/ 2026-05-29
Previous report by OCBC:
2026-04-27 CapitaLand Ascott Trust - Staying Nimble In The Face Of Uncertainty.
Price targets by 3 other brokers at CapitaLand Ascott Trust Target Prices.
Listing of research reports at CapitaLand Ascott Trust Analyst Reports.
Relevant links:
CapitaLand Ascott Trust Share Price History,
CapitaLand Ascott Trust Announcements,
CapitaLand Ascott Trust Dividend Payout Dates & Corporate Actions,
CapitaLand Ascott Trust News
