CapitaLand Ascott Trust

Chart & Performance

D1W1MN

P/E

13.67

P/S

4.07

EPS

0.06

Div Yield, %

6.23%

Shrs. gr., 5y

5.04%

Rev. gr., 5y

9.47%

Revenues

810m

+8.72%

Net income

241m

+4.29%

CFO

301m

+6.49%

Dividend

Aug 02, 20240.02547 SGD/sh

Earnings

Apr 18, 2025

Profile

Ascott Residence Trust (ART) is the largest hospitality trust in Asia Pacific with an asset value of S$7.2 billion as at 31 December 2020. Having listed on the Singapore Exchange Securities Trading Limited (SGX-ST) since March 2006, ART's objective is to invest primarily in incomeproducing real estate and real estate-related assets which are used or predominantly used as serviced residences, hotels, rental housing properties and other hospitality assets in any country in the world. Ascott Real Estate Investment Trust's investment mandate will include student accommodation to be effected on 27 February 2021. ART is a constituent of the FTSE EPRA Nareit Global Real Estate Index Series (Global Developed Index). ART's international portfolio comprises 86 properties with more than 16,000 units in 38 cities across 15 countries in Asia Pacific, Europe and the United States of America as at 31 December 2020. ART's properties are mostly operated under the Ascott The Residence, Somerset, Quest and Citadines brands. They are mainly located in key gateway cities such as Barcelona, Berlin, Brussels, Hanoi, Ho Chi Minh City, Jakarta, Kuala Lumpur, London, Manila, Melbourne, Munich, New York, Paris, Perth, Seoul, Shanghai, Singapore and Tokyo. ART is a stapled group comprising Ascott Real Estate Investment Trust (Ascott Reit) and Ascott Business Trust (Ascott BT). ART is managed by Ascott Residence Trust Management Limited (as manager of Ascott Reit) and Ascott Business Trust Management Pte. Ltd. (as trustee-manager of Ascott BT), both of which are wholly-owned subsidiaries of Singapore-listed CapitaLand Limited, one of Asia's largest diversified real estate groups.

URL

https://www.capitalandascotttrust.com/

IPO date

Mar 31, 2006

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title SGD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title SGD in thousands, except ratios and share amounts	2024‑12	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	809,520 8.72%	744,558 19.85%	621,242 57.51%
Cost of revenue	484,229	451,526	378,745
Unusual Expense (Income)
NOPBT	325,291	293,032	242,497
NOPBT Margin	40.18%	39.36%	39.03%
Operating Taxes	44,922	72,444	33,563
Tax Rate	13.81%	24.72%	13.84%
NOPAT	280,369	220,588	208,934
Net income	241,175 4.29%	231,255 3.56%	223,305 -27.81%
Dividends		(198,211)	(168,670)
Dividend yield
Proceeds from repurchase of equity		298,618
BB yield
Debt
Debt current	311,019	576,571	415,271
Long-term debt	3,343,592	3,003,641	2,997,262
Deferred revenue	11,654	9,261	9,123
Other long-term liabilities	71,329	15,256	7,348
Net debt	3,010,556	3,128,650	2,951,435
Cash flow
Cash from operating activities		300,655	282,321
CAPEX		(162,089)	(48,526)
Cash from investing activities		(300,984)	(308,824)
Cash from financing activities		165,474	71,171
FCF	351,112	(168,480)	144,848
Balance
Cash	644,055	432,806	363,634
Long term investments		18,756	97,464
Excess cash	603,579	414,334	430,036
Stockholders' equity	3,221,730	4,830,294	8,013,933
Invested Capital	7,734,789	7,756,724	7,161,998
ROIC	3.62%	2.96%	2.95%
ROCE	3.81%	3.50%	3.13%
EV
Common stock shares outstanding	2,795,455	3,589,000	3,358,064
Price
Market cap
EV
EBITDA	325,291	331,929	278,270
EV/EBITDA
Interest	138,862	125,757	84,396
Interest/NOPBT	42.69%	42.92%	34.80%