30 March 2023
CapitaLand Ascott Trust’s CEO on DPU, US banking turmoil and Competition among hospitality Reits amid travel recovery
We have come to almost the end of the first quarter this year, and before we kick start April, let’s take a look at an asset class that analysts and observers are keeping their eyes on for this year - hospitality Reits.
With borders reopening and tourism resuming, market watchers believe 2023 will be an exciting time for hospitality trusts.
But there are several questions to address as well. For one thing, what will competition look like within the industry after two years of pandemic?
Also - to what extent will the recent turmoil in the banking sector affect Reit managers when it comes to financial decisions? And is 2023 a good time for acquisitions and expansion?
On Under the Radar, Drive Time’s finance presenter Chua Tian Tian sat down with Serena Teo, CEO of the Managers of CapitaLand Ascott Trust (CLAS).
They talked about the trust’s 47 per cent on-year increase in distribution per stapled security for the half year ended December, as well as the CLAS’ plans ahead.

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