Iggy’s Journal: Three Hotel Trusts Reported. One Rise Came Mostly From One HotelTue 3 Nov 2026 | MiddayThe NumbersFar Ea…
Iggy’s Journal: Three Hotel Trusts Reported. One Rise Came Mostly From One Hotel
Tue 3 Nov 2026 | Midday
The Numbers
Far East Hospitality Trust’s revenue rose S$2.2 million, and about 88% of that rise came from one Nagoya hotel. CapitaLand Ascott Trust reported revenue per available unit (RevPAU) of S$164, down 1%, while its same-store operating performance rose 4%. CDL Hospitality Trusts reported gearing of 35.6%.
$CapLand Ascott T(HMN.SG) $CDL HTrust(J85.SG)
My Personal Take
If a hotel is full every weekend, why can I still not tell whether the trust’s income is growing? That question stays with me after reading all three reports, because one trust’s rise sits mostly on a single hotel and another shows a 1% fall and a 4% rise in the same set of results. That leaves me with two questions. Is a rise concentrated in one property something to count on, and how can RevPAU and same-store performance move in opposite directions? The episode and the Substack piece go through the three trusts one at a time.
📺 YouTube: https://youtu.be/y-lalD1Gi8E
📩 Substack: https://investingiguana.com/p/three-hotel-trusts-reported-one-rise
Cheers,
Iggy 🦖
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