CapitaLand Ascott Trust (CLAS) has reported a 1% increase in its 3QFY2025 gross profit on a y-o-y basis, although no numbers were mentioned. The increase was attributed to the REIT’s stronger operating performance, portfolio reconstitution and asset enhancement initiatives (AEIs) and offset by the impact of depreciation of foreign currencies against the Singapore dollar (SGD).
For the 9MFY2025, gross profit increased by 4% y-o-y.
On a same-store basis, excluding acquisitions and divestments, gross profit for the 3QFY2025 fell by 2% y-o-y, while the figure for 9MFY2025 was up by 2% y-o-y.
In 3QFY2025, CLAS’s revenue per available unit (RevPAU) in Singapore fell by 2% y-o-y to $197. RevPAU in Australia rose by 22% y-o-y to A$166 ($141.66), while RevPAU in Japan fell by 23% y-o-y to JPY11,281 ($96.18).
RevPAU in the UK increased by 9% y-o-y to GBP195 ($334.70) while RevPAU in the US increased by 8% y-o-y to US$258 ($333.81).
CLAS’s French portfolio reported 3QFY2025 revenue of EUR5.8 million ($8.7 million), 2% lower y-o-y, due to AEIs.
See also: Singapore Paincare reports $4 mil loss in FY2025
As at Sept 30, CLAS’s gearing stood at 39.3% with an interest coverage ratio of 3.1 times.
Its net asset value (NAV) per stapled security stood at $1.13.
As at 9.31am, units in CLAS are trading 0.5 cents higher or 0.52% up at 96 cents.
