‘Undervalued’ CapitaLand Ascott Trust presses on with diversification for stability and growth
Lodging trust has a tested playbook of operating in a spread of geographies and asset classes with disciplined capital management
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[SINGAPORE] The share price of CapitaLand Ascott Trust (Clas) – the largest lodging trust in the Asia-Pacific by total assets – is undervalued, said Serena Teo, the chief executive officer of the managers of the stapled group.
“Today, we trade at just under 0.8 times to book, and we’re offering a distribution yield of a high 6 per cent,” she said.
The S$0.885 closing price for the counter on Friday (Aug 29) is 79 per cent of the S$1.12 net asset value per stapled security as at Jun 30, 2025. The price also reflects 6.9 per cent distribution yield based on the S$0.061 distribution per stapled security (DPS) for the financial year ended Dec 31, 2024.
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