CapitaLand Ascott Trust (CLAS) has announced a 1% year-over-year increase in its gross profit for 3QFY2025, largely driven by enhanced operating performance, portfolio restructuring, and asset enhancement initiatives (AEIs). This rise was partially countered by the depreciation of foreign currencies against the Singapore dollar (SGD).

For the first nine months of FY2025, gross profit surged by 4% compared to the same period last year.

When evaluating on a same-store basis, which excludes acquisitions and divestments, the gross profit for 3QFY2025 decreased by 2% year-over-year, whereas for the 9MFY2025, it rose by 2% year-over-year.

In 3QFY2025, CLAS reported a dip in revenue per available unit (RevPAU) in Singapore by 2% year-over-year to $197. Contrastingly, RevPAU in Australia jumped 22% to A$166 ($141.66), while that in Japan plummeted by 23% to JPY11,281 ($96.18).

In the UK, RevPAU grew by 9% year-over-year to GBP195 ($334.70), while in the US, it increased by 8% to US$258 ($333.81).

The French portfolio’s 3QFY2025 revenue stood at EUR5.8 million ($8.7 million), representing a 2% decline year-over-year, attributed to AEIs.

As of September 30, CLAS had a gearing ratio of 39.3% and an interest coverage ratio of 3.1 times.

The net asset value (NAV) per stapled security was reported at $1.13.

As of 9:31 am, CLAS units were trading 0.5 cents higher, up by 0.52% at 96 cents.