Company Profile

Description:

CapitaLand Ascott Trust (CLAS), formerly known as Ascott Residence Trust (ART), is the largest hospitality trust in Asia-Pacific with an asset value of S$7.6 billion as at 30 June 2022. 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 was listed on the Singapore Exchange Securities Trading Limited (SGX-ST) since March 2006, and is a constituent of the FTSE EPRA Nareit Global Real Estate Index Series (Global Developed Index). CLAS' international portfolio comprises 95 properties with more than 17,000 units in 44 cities across 15 countries in Asia Pacific, Europe and the United States of America as at 30 June 2022. CLAS' properties are mostly operated under the Ascott, Somerset, Quest and Citadines brands.