CapitaLand Ascott Trust sees gross profit up by 15% y-o-y in 1QFY2024

Felicia Tan04-24

CLAS's NAV per stapled security stood at $1.13 as at March 31.The managers of CapitaLand Ascott Trust Hmn (CLAS) have reported a 15% y-o-y growth in gross profit for the 1QFY2024 ended March 31. The ...

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The ...</p>\n\n<a href=\"https://www.theedgesingapore.com/capital/results/capitaland-ascott-trust-sees-gross-profit-15-y-o-y-1qfy2024?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CapitaLand Ascott Trust sees gross profit up by 15% y-o-y in 1QFY2024</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCapitaLand Ascott Trust sees gross profit up by 15% y-o-y in 1QFY2024\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-24 00:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/capital/results/capitaland-ascott-trust-sees-gross-profit-15-y-o-y-1qfy2024?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Felicia Tan</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>CLAS's NAV per stapled security stood at $1.13 as at March 31.The managers of CapitaLand Ascott Trust Hmn (CLAS) have reported a 15% y-o-y growth in gross profit for the 1QFY2024 ended March 31. The ...</p>\n\n<a href=\"https://www.theedgesingapore.com/capital/results/capitaland-ascott-trust-sees-gross-profit-15-y-o-y-1qfy2024?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NAV","symbol_name":"纳威司达","start_time":0,"source_url":"https://www.theedgesingapore.com/capital/results/capitaland-ascott-trust-sees-gross-profit-15-y-o-y-1qfy2024?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2430541413","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430541413","pubTimestamp":1713890030,"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"CLAS's NAV per stapled security stood at $1.13 as at March 31.","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NAV":"纳威司达","HMN.SI":"凯德雅诗阁信托","BK6089":"酒店及度假村房地产投资信托","BK6512":"房地产股","CLAS":"Class Acceleration Corp","BK6129":"酒店及度假村房地产信托"},"translate_title":"凯德雅诗阁信托预计2024财年第一季度毛利同比增长15%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CLAS":1,"HMN.SI":1,"NAV":1},"content_text":"CLAS's NAV per stapled security stood at $1.13 as at March 31.The managers of CapitaLand Ascott Trust Hmn (CLAS) have reported a 15% y-o-y growth in gross profit for the 1QFY2024 ended March 31. The higher gross profit was due to stronger operating performance and contributions from the trust’s new properties. No figure was given in CLAS’s update for the first quarter.\nExcluding acquisitions and divestments, gross profit rose by 7% y-o-y on a same-store basis due to stronger operating performance.\nDuring the quarter, CLAS acquired one property and divested five.\nOf the total sum, 64% comprised stable income while the remaining 36% were from growth income. The higher proportion of stable income in the 1QFY2024 was attributed to the seasonally softer quarter for transient travel.\nIn the 1QFY2024, portfolio revenue per available unit (RevPAU) grew by 6% y-o-y to $135, in line with the pro forma RevPAU pre-Covid-19 in the 1QFY2019. The combination with Ascendas Hospitality Trust was completed on Dec 31, 2019; the pro forma figures include Ascendas Hospitality Trust’s portfolio.\nThe better RevPAU was attributed to higher room rates. Average occupancy of the portfolio remained stable at 73%, which is at 88% of 1QFY2019’s pro forma levels.\nDuring the quarter, all of CLAS’s key markets saw higher RevPAU growths.\nAustralia’s RevPAU rose by 8% y-o-y to A$168 ($148.38), while Japan’s RevPAU was up by 31% y-o-y at JPY15,962 ($140.32). Singapore’s RevPAU grew by 6% y-o-y to $182 while RevPAU in the UK was up by 11% y-o-y at GBP124 ($210.14). RevPAU in the US was up by 4% y-o-y to US$144 ($195.95).\nIn France, revenue grew by 12% y-o-y to EUR5.5 million.\nAs at March 31, CLAS’s net asset value (NAV) per stapled security stood at $1.13. Its gearing stood at 37.7% with an interest cover of 3.7 times.\nUnits in CLAS closed at 89.5 cents on April 23.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430541413"}