[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-565582-105":53,"doc-detail-565582-en":127},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":120,"head_meta":122,"extra_data":124,"updated_unix":126},105,"en","capitaland-ascott-trust-annual-report-2024-financial-and-operational-review","CapitaLand Ascott Trust - Annual Report 2024 - Financial and Operational Review","","CapitaLand Ascott Trust’s Annual Report 2024 outlines the group’s strategy, governance, and performance across its global lodging portfolio. It highlights strong operating results in FY 2024, including growth in gross profit driven by acquisitions and completed asset enhancement initiatives, alongside stable core distributions to stapled securityholders. The report describes the trust’s diversified income sources, portfolio scale across multiple countries and cities, and continued recognition for corporate governance, investor engagement, and sustainability.",{"@graph":63,"@context":119},[64,80,102],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":51,"@type":70,"position":76},"https://docshare.wps.com/template/general/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/capitaland-ascott-trust-annual-report-2024-financial-and-operational-review/565582/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/capitaland-ascott-trust-annual-report-2024-financial-and-operational-review/565582.png","ImageObject",442,249,{"name":88,"@type":89},"Maya Linwood","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-26","2026-10-13",true,{"@type":98,"interactionType":99,"userInteractionCount":101},"InteractionCounter",{"@type":100},"ViewAction",8,{"@type":103,"mainEntity":104},"FAQPage",[105,111,115],{"name":106,"@type":107,"acceptedAnswer":108},"What were the key drivers of CapitaLand Ascott Trust’s gross profit growth in FY 2024?","Question",{"text":109,"@type":110},"Gross profit rose 10% to S$370.9 million, driven by strong operational performance, contributions from new acquisitions, and properties that completed asset enhancement initiatives, which helped mitigate foreign exchange and higher financing costs.","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"How does the report describe the balance of stable versus growth income in FY 2024?",{"text":114,"@type":110},"Stable income sources contributed 63% of total gross profit, while the remaining 37% came from growth income such as serviced residences and hotels under management contracts, supported by higher lodging demand.",{"name":116,"@type":107,"acceptedAnswer":117},"What scale and footprint does the trust report for its international portfolio as at 31 December 2024?",{"text":118,"@type":110},"The report states the international portfolio comprises 100 properties with over 18,000 units across 45 cities in 16 countries in Asia Pacific, Europe, and the United States of America.","https://schema.org",{"og:url":78,"og:type":121,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":123,"canonical":78},"index,follow",{"doc_id":125,"site_id":56},565582,1792092549,{"code":4,"msg":5,"data":128},{"doc_id":125,"user_id":129,"nickname":88,"user_avatar":130,"doc_module":9,"category_id":50,"category_name":51,"doc_title":59,"doc_description":61,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":101,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":136,"language":137,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":138,"faqs":139,"seo_title":140,"seo_description":61,"update_tm":141,"read_time":142},962084928432,"https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d","CapitaLand Ascott Trust  \nAnnual Report 2024  \nForging Ahead, Shaping The Future  \nThe cover design embodies our continuing drive to forge ahead with clarity, conviction and confidence in our strategies to grow our business.  \nThe dynamic interplay of circular nodes and diagonal beams conveys upward momentum achieved through embracing innovation and transformation. Set within a structured yet evolving grid, the design underscores adaptability and agility, reflecting our relentless quest to create superior value for our investors and contribute positively to the communities where we operate.  \nThe focal red circle that proudly represents the red dot in CapitaLand’s logo symbolises our Group’s foundation in Singapore. As a global lodging trust, CapitaLand Ascott Trust is well-positioned for sustained growth, while also making an impact in shaping a better future for all our stakeholders.  \nContents  \nOverview  \n\n| About Us | 1 |\n| --- | --- |\n| Chairman & CEO Message\u003Cbr>2024 Highlights | 2 4 |\n| Trust Structure and Organisation Structure | 10 |\n| Boards of Directors | 11 |\n| Management Team\u003Cbr>Performance | 14 |\n\nFinancial Review 15  \nPortfolio Overview 22  \nOperations Review 26  \nInvestor Relations 50  \nPortfolio Listing 52  \nGovernance  \n\n| Risk Management | 58 |\n| --- | --- |\n| Corporate Governance\u003Cbr>Statement of Policies and Practices\u003Cbr>Financial Statements | 63\u003Cbr>93 |\n| Financial Statements and Notes\u003Cbr>Other Information | 99 |\n\nAdditional Information 307  \nStatistics of Stapled Securityholdings 309  \nFeatured property:  \nWildwood Lubbock, USA  \nAbout Us  \nCapitaLand Ascott Trust (CLAS) is the largest lodging trust in Asia Pacific with an asset value of S$8 .8 billion as at 31 December 2024. Having listed on the Singapore Exchange Securities Trading Limited (SGX-ST) since March 2006, CLAS’ objective is to invest primarily in income-producing real estate and real estate-related assets which are used or predominantly used as serviced residences, rental housing properties, student accommodation and other hospitality assets in any country in the world. CLAS is a constituent of the FTSEEPRA Nareit Global Real Estate Index Series (Global Developed Index) .  \nCLAS’ international portfolio comprises 100 properties with over 18,000 units in 45 cities across 16 countries in Asia Pacific, Europe and the United States of America as at 31 December 2024.  \nCLAS’ properties are mostly operated under the Ascott, 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, Singapore, Sydney and Tokyo.  \nIn 2024, CLAS continued to be recognised for its high standards in corporate governance, investor engagement and sustainability. For the fourth consecutive year, CLAS retained the top position in the Singapore Governance and Transparency Index 2024 (REITs and Business Trusts category) and was named the Global Listed Sector Leader in the Hotel category in the 2024 GRESB Real Estate Assessment. CLAS is a constituent of sustainability indices including the iEdge-UOB APAC Yield Focus Green REIT Index and the iEdge-OCBC Singapore Low Carbon Select 50 Capped Index.  \nCLAS is a stapled group comprising CapitaLand Ascott Real Estate Investment Trust (CapitaLand Ascott REIT) and CapitaLand Ascott Business Trust (CapitaLand Ascott BT) . CLAS is managed by CapitaLand Ascott Trust Management Limited (as manager of CapitaLand Ascott REIT) and CapitaLand Ascott Business Trust Management Pte. Ltd. (as trustee-manager of CapitaLand Ascott BT) . The manager and trustee-manager (collectively, the Managers) are wholly-owned subsidiaries of Singaporelisted CapitaLand Investment Limited, a leading global real asset manager with a strong Asia foothold.  \nOur Vision  \nTo be the premier lodging trust with quality assets in key global cities  \nOur Mission  \nTo deliver stable and sustainable r","cbCaimm6VTS8Jsh6","https://ap.wps.com/l/cbCaimm6VTS8Jsh6","pdf",39181344,316,"English","# Overview\n## Chairman & CEO Message\n## 2024 Highlights\n## Trust Structure and Organisation Structure\n## Boards of Directors\n## Management Team and Performance\n# Financial Review\n## Portfolio Overview\n## Operations Review\n## Investor Relations\n## Portfolio Listing\n# Governance\n## Risk Management\n## Corporate Governance, Statement of Policies and Practices\n## Financial Statements and Notes\n## Other Information\n# Additional Information\n## Statistics of Stapled Securityholdings","[{\"question\":\"What were the key drivers of CapitaLand Ascott Trust’s gross profit growth in FY 2024?\",\"answer\":\"Gross profit rose 10% to S$370.9 million, driven by strong operational performance, contributions from new acquisitions, and properties that completed asset enhancement initiatives, which helped mitigate foreign exchange and higher financing costs.\"},{\"question\":\"How does the report describe the balance of stable versus growth income in FY 2024?\",\"answer\":\"Stable income sources contributed 63% of total gross profit, while the remaining 37% came from growth income such as serviced residences and hotels under management contracts, supported by higher lodging demand.\"},{\"question\":\"What scale and footprint does the trust report for its international portfolio as at 31 December 2024?\",\"answer\":\"The report states the international portfolio comprises 100 properties with over 18,000 units across 45 cities in 16 countries in Asia Pacific, Europe, and the United States of America.\"}]","CapitaLand Ascott Trust - Annual Report 2024 - Financial and Operational Review | PDF",1791856278,111]