On a same-store basis, excluding acquisitions and divestments between 1QFY2024 and 1QFY2025, gross profit was 1% higher y-o-y. Gross profit is the equivalent of net property income.
CapitaLand Ascott Trust (CLAS) has announced a 4% y-o-y rise in gross profit for 1QFY2025 ended March 31.
Gross profit from new properties in 1QFY2025 has replaced the gross profit lost from divestments in 2024 as a result of redeployment of divestment proceeds, which minimised the impact on CLAS's income.
