Iggy’s Journal: Three Hotel Trusts Reported. One Rise Came Mostly From One Hotel

The Investing Iguana

Iggy’s Journal: Three Hotel Trusts Reported. One Rise Came Mostly From One Hotel

Tue 3 Nov 2026 | Midday

The Numbers

Far East Hospitality Trust’s revenue rose S$2.2 million, and about 88% of that rise came from one Nagoya hotel. CapitaLand Ascott Trust reported revenue per available unit (RevPAU) of S$164, down 1%, while its same-store operating performance rose 4%. CDL Hospitality Trusts reported gearing of 35.6%.

My Personal Take

If a hotel is full every weekend, why can I still not tell whether the trust’s income is growing? That question stays with me after reading all three reports, because one trust’s rise sits mostly on a single hotel and another shows a 1% fall and a 4% rise in the same set of results. That leaves me with two questions. Is a rise concentrated in one property something to count on, and how can RevPAU and same-store performance move in opposite directions? The episode and the Substack piece go through the three trusts one at a time.

📺 YouTube: https://youtu.be/y-lalD1Gi8E

📩 Substack: https://investingiguana.com/p/three-hotel-trusts-reported-one-rise

Cheers,

Iggy 🦖

Not financial advice. Iggy’s Forensic Compliance Standards apply.

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One Rise Came Mostly From One Hotel","html":"<html><head></head><body><p><strong>Iggy’s Journal: Three Hotel Trusts Reported. One Rise Came Mostly From One Hotel</strong></p>\n<p></p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/745822869bd043c5e25e62606d9b2645\" tg-width=\"896\" tg-height=\"1200\"></p>\n<p>Tue 3 Nov 2026 | Midday</p>\n<p></p>\n<p>The Numbers</p>\n<p>Far East Hospitality Trust’s revenue rose S$2.2 million, and about 88% of that rise came from one Nagoya hotel. CapitaLand Ascott Trust reported revenue per available unit (RevPAU) of S$164, down 1%, while its same-store operating performance rose 4%. CDL Hospitality Trusts reported gearing of 35.6%.</p>\n<p></p>\n<p>My Personal Take</p>\n<p>If a hotel is full every weekend, why can I still not tell whether the trust’s income is growing? That question stays with me after reading all three reports, because one trust’s rise sits mostly on a single hotel and another shows a 1% fall and a 4% rise in the same set of results. That leaves me with two questions. Is a rise concentrated in one property something to count on, and how can RevPAU and same-store performance move in opposite directions? The episode and the Substack piece go through the three trusts one at a time.</p>\n<p></p>\n<p>📺 YouTube: https://youtu.be/y-lalD1Gi8E</p>\n<p>📩 Substack: https://investingiguana.com/p/three-hotel-trusts-reported-one-rise</p>\n<p></p>\n<p>Cheers,</p>\n<p>Iggy 🦖</p>\n<p></p>\n<p>Not financial advice. Iggy’s Forensic Compliance Standards apply.</p></body></html>","htmlText":"<html><head></head><body><p><strong>Iggy’s Journal: Three Hotel Trusts Reported. One Rise Came Mostly From One Hotel</strong></p>\n<p></p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/745822869bd043c5e25e62606d9b2645\" tg-width=\"896\" tg-height=\"1200\"></p>\n<p>Tue 3 Nov 2026 | Midday</p>\n<p></p>\n<p>The Numbers</p>\n<p>Far East Hospitality Trust’s revenue rose S$2.2 million, and about 88% of that rise came from one Nagoya hotel. CapitaLand Ascott Trust reported revenue per available unit (RevPAU) of S$164, down 1%, while its same-store operating performance rose 4%. CDL Hospitality Trusts reported gearing of 35.6%.</p>\n<p></p>\n<p>My Personal Take</p>\n<p>If a hotel is full every weekend, why can I still not tell whether the trust’s income is growing? That question stays with me after reading all three reports, because one trust’s rise sits mostly on a single hotel and another shows a 1% fall and a 4% rise in the same set of results. That leaves me with two questions. Is a rise concentrated in one property something to count on, and how can RevPAU and same-store performance move in opposite directions? The episode and the Substack piece go through the three trusts one at a time.</p>\n<p></p>\n<p>📺 YouTube: https://youtu.be/y-lalD1Gi8E</p>\n<p>📩 Substack: https://investingiguana.com/p/three-hotel-trusts-reported-one-rise</p>\n<p></p>\n<p>Cheers,</p>\n<p>Iggy 🦖</p>\n<p></p>\n<p>Not financial advice. Iggy’s Forensic Compliance Standards apply.</p></body></html>","text":"Iggy’s Journal: Three Hotel Trusts Reported. One Rise Came Mostly From One Hotel Tue 3 Nov 2026 | Midday The Numbers Far East Hospitality Trust’s revenue rose S$2.2 million, and about 88% of that rise came from one Nagoya hotel. CapitaLand Ascott Trust reported revenue per available unit (RevPAU) of S$164, down 1%, while its same-store operating performance rose 4%. CDL Hospitality Trusts reported gearing of 35.6%. My Personal Take If a hotel is full every weekend, why can I still not tell whether the trust’s income is growing? That question stays with me after reading all three reports, because one trust’s rise sits mostly on a single hotel and another shows a 1% fall and a 4% rise in the same set of results. That leaves me with two questions. Is a rise concentrated in one property something to count on, and how can RevPAU and same-store performance move in opposite directions? The episode and the Substack piece go through the three trusts one at a time. 📺 YouTube: https://youtu.be/y-lalD1Gi8E 📩 Substack: https://investingiguana.com/p/three-hotel-trusts-reported-one-rise Cheers, Iggy 🦖 Not financial advice. Iggy’s Forensic Compliance Standards apply.","highlighted":1,"essential":1,"paper":2,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/625209336545320","repostId":0,"isVote":1,"tweetType":1,"viewCount":99,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":988,"optionInvolvedFlag":false,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/625209336545320"}