CapitaLand Ascott Trust said at the REITs Corporate Day in Kuala Lumpur on Sep, 30 2025 that its core distribution for the six months ended Jun, 30 2025 increased 1 % year-on-year to 91.6 million Singapore dollars.

The trust recorded revenue of 398.5 million Singapore dollars, up 3 % from a year earlier, and gross profit of 182.5 million Singapore dollars, up 6 %. Distribution per stapled security was 2.53 cents, while core distribution per stapled security remained unchanged at 2.40 cents.

Total assets stood at 8.8 billion Singapore dollars across 101 properties in 45 cities. Gearing was 39.6 % with about 1.8 billion Singapore dollars of debt headroom before hitting the 50 % aggregate leverage limit. Approximately 82 % of total debt is on fixed rates with a weighted average maturity of 3.4 years.

During 1H 2025, the trust completed divestments of more than 500 million Singapore dollars at up to 55 % above book value and deployed roughly 530 million Singapore dollars into new assets, including the acquisition of lyf Funan Singapore and three rental-housing properties in Japan.

Stable income streams—comprising master leases, management contracts with minimum guaranteed income and the living sector—contributed 66 % of first-half gross profit. The portfolio’s average length of stay was about two months in FY 2024, and the trust said its diversification across geographies and contract types is expected to mitigate macro-economic uncertainties.

CapitaLand Ascott Trust also outlined asset-enhancement and development projects worth about 205 million Singapore dollars, including the redevelopment of the former Somerset Liang Court Singapore, scheduled to complete in 2026 and open in 2027.

The trust reaffirmed its commitment to maintain gearing around 40 % and to deliver stable distributions, backed by 1.46 billion Singapore dollars in available funds, comprising 505 million Singapore dollars in cash and 956 million Singapore dollars in committed credit facilities.