Star in the Sky
04-27 08:52

$CapLand Ascott T(HMN.SI)$  

CapitaLand Ascott Trust Q1 distribution income ‘relatively stable’; RevPAU up 1% at S$137.

For Q1, the manager said Clas’ profit experienced a “negative net impact” from acquisitions, divestments and other ongoing AEIs. These included the closures of The Cavendish London and Madison Hamburg. 

For the quarter, Clas recorded a net asset value per stapled security of S$1.14. Its gearing ratio stood at 38.9% with debt headroom of around S$1.9 billion.

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