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CapitaLand Ascott Trust

Capitaland Ascott Trust's gross profits rise 13% in Q3

This growth consists of 56% stable income and 44% growth income.

CapitaLand Ascott Trust (CLAS) records $8.1b total assets from 103 properties across 44 cities globally.

The trust’s 3Q2023 gross profit rose to 13% YoY reflecting a 56% stable income and 44% growth income.

CLAS also reported a revenue per available unit (RevPAU) of $154 which reflects an increase of 17% YoY and 3% QoQ.

Singapore’s RevPAU under its management contracts portfolio is 12% higher YoY at $138.

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China’s RevPAU increased by 9% YoY to RMB304 ($57.27) while Japan’s RevPAU grew by 198% YoY to JPY13,804 ($126.26).

RevPAU for Vietnam also grew by 17% YoY to VND1,350,000 ($75.22). For the United States, RevPAU increased by 12% YoY to USD233 ($318.99). 

The United Kingdom also showed a 14% increase to GBP168 ($278.61) while Australia reported an 18% increase to AUD152 ($132.20) and France up 25%.

CLAS paid 3.48 cents in Distribution per Stapled Security (DPS) for 1 Jan 2023 to 13 Aug 2023 and an advanced distribution of 0.701 cents for 1 July 2023 to 13 August 2023.

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