In February, CLAS acquired three Japan rental housing properties for JPY4.6 billion ($38.3 million) with a net operating income entry yield of 4.1% in FY2025.
CapitaLand Ascott Trust’s (CLAS) gross profit for 1QFY2026 ended March 31 was affected by the closure of The Cavendish London and Madison Hamburg for renovation works. The latter has reopened, and the remaining works are scheduled to be completed in 2QFY2026.
While the manager only shares specific figures at half-yearly intervals, CLAS revealed on April 27 that it faced negative net impact in 1QFY2026 from acquisitions, divestments and other ongoing asset enhancement initiatives (AEIs).
