Excluding the contributions from the eight properties, same-store gross profit rose 70% y-o-y.
CapitaLand Ascott Trust (CLAS) says its gross profit for the 3QFY2022 ended Sept 30 has stood at around 90% of its pre-Covid-19 levels.
Revenue and gross profit for the quarter stood higher y-o-y due to contributions from seven new properties as well as from the full quarter’s contribution from Wildwood Lubbock. The portfolio’s stronger operating performance also contributed to the y-o-y growth.
