Gross profit from master leases grew 4% y-o-y, while gross profit from longer-stay properties jumped 11% y-o-y.
Analysts from Maybank Securities and UOB Kay Hian (UOBKH) continue to like CapitaLand Ascott Trust (SGX:HMN
) (CLAS) after the REIT’s business update for the 3QFY2024 ended Sept 30.
During the quarter, CLAS reported that gross profit grew 8% y-o-y, comprising same-store growth of 2% y-o-y and boosted from acquisitions of 6% y-o-y, meeting UOBKH’s expectations.
