CapitaLand Ascott Trust said on Nov, 21 2025 that gross profit for the three months ended Sep, 30 2025 increased 1 per cent year on year, supported by stronger operating performance, recent acquisitions and asset-enhancement initiatives that offset the impact of weaker foreign currencies.

For the first nine months of 2025, gross profit rose 4 per cent from the same period a year earlier. Portfolio revenue per available unit (RevPAU) for properties under management contracts and minimum-guarantee arrangements climbed 3 per cent year on year to 163 Singapore dollars. About 69 per cent of third-quarter gross profit came from stable income sources, including master leases, minimum-guarantee contracts and rental-housing or student-accommodation assets.

During 2024 and year-to-date 2025, the trust completed more than 800 million Singapore dollars of divestments at up to 100 per cent premiums to book value, and redeployed roughly 560 million Singapore dollars into higher-yielding assets. Recent moves include the Aug, 2025 purchase of three rental-housing properties in Osaka and Kyoto for 4 billion Japanese yen (about 34.2 million Singapore dollars) at an expected 4 per cent entry net-operating-income yield, and the Oct, 02 2025 sale of Citadines Central Shinjuku Tokyo for 25 billion Japanese yen, unlocking a net gain of 5.7 billion yen.

Total assets stood at 8.8 billion Singapore dollars across 104 properties in 45 cities and 16 countries. Gearing was 39.3 per cent with interest-cover at 3.1 times; around 78 per cent of debt is on fixed rates with a weighted average maturity of 3.5 years. The trust had about 1.50 billion Singapore dollars of liquidity, comprising 461 million Singapore dollars in cash and 1.04 billion Singapore dollars in undrawn committed facilities.

CapitaLand Ascott Trust said it remains “cautiously optimistic”, citing diversification across geographies and lodging segments, as well as a pipeline of asset-enhancement and development projects expected to lift future distributions.