CapitaLand Ascott Trust: Portfolio Overview & Asset Valuation Analysis (as at 31 December 2025)

CapitaLand Ascott Trust (CLAS) is a leading global hospitality trust with a geographically diversified portfolio comprising 103 quality assets across 16 countries and 45 cities. The portfolio covers a wide range of serviced residences, hotels, student accommodation, and rental housing.

Global Asset Footprint

CLAS’s portfolio demonstrates robust international diversification, with significant presences in Japan, the United States, the United Kingdom, Singapore, Australia, and France. This diversification helps mitigate country-specific risks and broadens the Trust’s income sources.

Key Financial and Portfolio Metrics

Portfolio Highlights & Strategic Positioning

• Geographic Diversity: CLAS’s assets are spread across key global cities, mitigating risks associated with any single market or economy.
• Asset Types: The portfolio comprises serviced residences, hotels, student accommodation, and rental housing, providing stable recurring income and resilience across cycles.
• Prime Locations: Major properties are located in high-demand districts such as central business districts, tourist hubs, and major university precincts, enhancing asset value and occupancy potential.

Notable Individual Asset Valuations

Risks and Forward-Looking Considerations

• Market and Economic Risks: As highlighted in the report’s notice, CLAS is subject to macroeconomic risks such as changes in interest rates, capital costs, and policy shifts that could affect property values and income streams.
• Currency Exposure: With a global portfolio, the Trust faces foreign exchange risks, especially in times of volatility.
• Development Risk: Some projects, such as Somerset Liang Court Property Singapore, are still under development, and delays or cost overruns could impact future returns.

Performance Summary

While the report provides a comprehensive breakdown of portfolio value and asset locations, it does not include comparative earnings, revenue, EPS, or dividend data for YoY or QoQ analysis. Investors should note the stable and diversified asset base, but also the lack of recent financial performance data within this disclosure.

Conclusion & Recommendation

Overall, CapitaLand Ascott Trust demonstrates a strong and defensive portfolio with significant geographic and asset diversification. The high-quality properties in prime global locations position the Trust well for long-term recurring income and capital appreciation. However, the absence of up-to-date income statement or cash flow metrics limits a more granular performance analysis in this instance.

• If you are currently holding CLAS units:
  Consider maintaining your position given the Trust’s resilience and diversification. The global footprint and asset quality provide downside protection, though you should monitor for future financial disclosures to assess operating performance trends.
• If you are not currently holding CLAS units:
  CLAS may be worth considering for portfolio diversification, especially if you are seeking defensive real estate exposure with a strong international tilt. However, you should wait for the upcoming earnings or distribution announcements to better assess income stability and potential yield.

Disclaimer: This is not investment advice. Recommendations are based strictly on the information contained in the provided report as at 31 December 2025. Investors should conduct their own due diligence and consider their risk tolerance and investment objectives before making any investment decisions.

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