CapitaLand Ascott Trust

Chart & Performance

D1W1MN

P/E

14.12

P/S

4.10

EPS

0.06

Div Yield, %

6.07%

Shrs. gr., 5y

10.55%

Rev. gr., 5y

9.13%

Revenues

745m

+19.85%

Net income

231m

+3.56%

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	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	744,558 19.85%	621,242 57.51%	394,412 6.63%
Cost of revenue	451,526	378,745	253,807
Unusual Expense (Income)
NOPBT	293,032	242,497	140,605
NOPBT Margin	39.36%	39.03%	35.65%
Operating Taxes	72,444	33,563	64,515
Tax Rate	24.72%	13.84%	45.88%
NOPAT	220,588	208,934	76,090
Net income	231,255 3.56%	223,305 -27.81%	309,317 -238.99%
Dividends	(198,211)	(168,670)	(142,478)
Dividend yield
Proceeds from repurchase of equity	298,618
BB yield
Debt
Debt current	576,571	415,271	776,995
Long-term debt	3,003,641	2,997,262	2,507,856
Deferred revenue	9,261	9,123	10,370
Other long-term liabilities	15,256	7,348	1,476
Net debt	3,128,650	2,951,435	2,890,947
Cash flow
Cash from operating activities	300,655	282,321	145,626
CAPEX	(162,089)	(48,526)	(106,872)
Cash from investing activities	(300,984)	(308,824)	(538,552)
Cash from financing activities	165,474	71,171	258,632
FCF	(168,480)	144,848	(131,362)
Balance
Cash	432,806	363,634	346,332
Long term investments	18,756	97,464	47,572
Excess cash	414,334	430,036	374,183
Stockholders' equity	4,830,294	8,013,933	7,862,281
Invested Capital	7,756,724	7,161,998	6,983,520
ROIC	2.96%	2.95%	1.14%
ROCE	3.50%	3.13%	1.87%
EV
Common stock shares outstanding	3,589,000	3,358,064	3,174,022
Price
Market cap
EV
EBITDA	331,929	278,270	173,249
EV/EBITDA
Interest	125,757	84,396	58,751
Interest/NOPBT	42.92%	34.80%	41.78%