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CapitaLand Ascott Trust (CLAS)
Equity raising
CapitaLand Ascott Trust to raise $300 mil, proposes to acquire three lodging assets for $530.8 mil
CapitaLand Ascott Trust will raise $300 million via a private placement and a preferential offering.
August 02, 2023
Broker's Calls
Hospitality S-REITs did not disappoint in 2QFY2023: CGS-CIMB
The 2QFY2023 RevPAR in most geographies were 100% to 127% of 2QFY2019 levels.
August 01, 2023
Broker's Calls
CapitaLand Ascott Trust 'top pick' of some analysts following 1HFY2023 results, DPS up 19% y-o-y
CLAS’s revenue per available unit (RevPAU) for 2QFY2023 ended June was at 98% of pre-pandemic levels, or 2QFY2019.
July 31, 2023
Sustainability
Ascott signs MOU with UN-formed body to train hospitality staff in sustainability starting October
The partnership with the Global Sustainable Tourism Council (GSTC) is expected to facilitate over 700 training hours.
July 20, 2023
Broker's Calls
DBS favours industrial, retail S-REITs this 'red-hot summer' as high rates erode DPU
This cut would be more keenly felt in the US office, China Retail S-REITs and selected commercial subsectors, says DBS.
July 14, 2023
Broker's Calls
Coldplay, Taylor Swift's concerts a possible 1.5% FY2024 DPU lift for hospitality REITs: CGS-CIMB
Expect an exceptionally strong 1Q2024
June 29, 2023
REITs
CapitaLand Ascott Trust’s manager to focus on DPS, not AUM growth
CapitaLand Ascott Trust's manager focuses on distributions per stapled security rather than AUM growth
June 28, 2023
Broker's Calls
CLAS remains analysts' top pick within Singapore hospitality sector after 1Q business update
Analysts from PhillipCapital and CGS-CIMB Research have kept their "add" and "buy" calls with unchanged TPs of $1.26 and $1.27.
May 01, 2023
Results
CapitaLand Ascott Trust reports 90% higher RevPAU of $127 in 1QFY2023
All of CLAS’s key markets saw y-o-y increases in their RevPAU.
April 26, 2023
Broker's Calls
UOBKH sees rosier outlook for Asean amid China reopening
UOBKH sees rosier outlook for Asean amid China reopening
April 14, 2023