CapLand Ascott T's operational improvement, with a 1% year-on-year increase in total gross profit for the third quarter | Lianhe Zaobao
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CapitaLand Ascott Trust reported a 1% year-on-year increase in total gross profit for the third quarter of the fiscal year 2025, mainly due to operational improvements and asset enhancement plans. Despite the impact of foreign currency depreciation on performance, overall gross profit rose by 4% year-on-year in the first nine months. Revenue per available unit (RevPAU) for the third quarter increased by 3%, with the average occupancy rate rising from 79% to 83%. The real estate performance in Australia was outstanding, with revenue growth of 22%. The trust expects revenue in the fourth quarter to further increase due to major events
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