CapitaLand Ascott Trust (HMN)

Overview

CapitaLand Ascott Trust (CLAS) stands as the preeminent lodging trust within the Asia Pacific region, boasting an asset value of S$8.7 billion as of 31 December 2023. Its primary investment focus lies in income-generating real estate and related assets, particularly those serving as serviced residences, rental housing, student accommodations, and other hospitality properties globally. Since its inception in March 2006, CLAS has been listed on the Singapore Exchange Securities Trading Limited (SGX-ST) and has earned its place in the FTSE EPRA Nareit Global Real Estate Index Series (Global Developed Index), underscoring its significant market position. The trust's expansive international portfolio includes 106 properties, comprising more than 19,000 units distributed across 45 cities in 16 countries spanning Asia Pacific, Europe, and the United States. The management of CLAS is a dual-structured entity, consisting of CapitaLand Ascott Real Estate Investment Trust (CapitaLand Ascott REIT) and CapitaLand Ascott Business Trust (CapitaLand Ascott BT), both operated by wholly owned subsidiaries of CapitaLand Investment Limited, a leading global real estate investment manager with a strong presence in Asia.

Products and Services

CLAS offers a diversified portfolio of lodging and accommodations, managed under several renowned brands, catering to a wide range of customer needs across key global cities:

• Serviced Residences: These properties are designed for travelers seeking the comfort and convenience of home, with fully-furnished apartments that provide hotel-like amenities. Brands under this category include Ascott, Citadines, and Somerset, which are strategically located in major cities like London, Paris, and Tokyo, enhancing the appeal for both short and long-term stays.
• Rental Housing Properties: Catering to professionals and expatriates, these properties offer a blend of comfort and functionality, enabling a seamless transition for individuals relocating for work or seeking long-term accommodation in cities such as Singapore, Sydney, and Seattle.
• Student Accommodation: Recognizing the importance of accessible, comfortable, and safe living spaces for students, CLAS invests in properties that are situated in close proximity to educational institutions in cities known for their academic excellence, including Melbourne, Berlin, and New York. These accommodations support the lifestyle and needs of the modern student, offering communal study areas, social spaces, and security.
• Other Hospitality Assets: Expanding beyond traditional lodging solutions, CLAS' portfolio also includes a range of other hospitality assets, such as boutique hotels and resorts. These properties are selected for their unique offerings and locations, providing guests with exceptional experiences in destinations like Barcelona, Ho Chi Minh City, and Jakarta.