Industry Distribution:

• Accommodation sector: approx. 80%
• Commercial real estate: approx. 15%
• Other services: approx. 5%

TOP 3 Markets:

• Singapore: approx. 30%
• China: approx. 25%
• Australia: approx. 20%

CapitaLand Ascott Trust generates the majority of its revenue from the accommodation sector, particularly through the operation of serviced residences and hotels. Singapore remains the largest market, followed by China and Australia, which together account for a significant portion of the total revenue. These markets benefit from strong demand for short-term and long-term stays, supported by the strategic location and portfolio of the Trust.

CapitaLand Ascott Trust (SGX:HMN) is not a manufacturing company, but a Real Estate Investment Trust (REIT).

CapitaLand Ascott Trust invests in real estate, particularly in serviced residences, hotels, and other accommodation properties. The company owns and operates properties in various countries worldwide, including key markets in Asia, Europe, and Australia.

Being a REIT, CapitaLand Ascott Trust does not produce physical products, but generates revenue through the operation and leasing of its properties.

Current Strategy: Diversification and Expansion into New Markets
Focus on Sustainability: Investments in Environmentally Friendly Projects
Use of Technology: Digitization to Enhance Customer Experience

CapitaLand Ascott Trust pursues a strategy aimed at diversification and geographical expansion. The company invests in new markets to expand its global presence and diversify risk. Another focus is on sustainability, with increased investments in environmentally friendly and energy-efficient projects to reduce the ecological footprint.

Additionally, the company is leveraging digitization to enhance customer experience and increase operational efficiency. By utilizing modern technologies, CapitaLand Ascott Trust plans to optimize its services and differentiate itself from competitors. This strategy is intended to secure long-term growth and strengthen its market position.

Main Imported Materials: Construction and furnishing materials

Countries of Origin: China, Malaysia, Indonesia

CapitaLand Ascott Trust, as a significant player in the real estate and hospitality sector, mainly imports construction and furnishing materials. These materials are essential for the construction and renovation of their real estate projects.

China is one of the largest suppliers, especially for cost-effective building materials and furniture. Malaysia and Indonesia are also important partners providing wood products and other raw materials. These countries offer competitive prices and a reliable supply chain, making them preferred sources for CapitaLand Ascott Trust.

Market Share: Approximately 5% in the global serviced residence market (estimated for 2026)

Portfolio Size: Over 100,000 residential units worldwide (2026)

RevPAR Growth: 8% (2025)

CapitaLand Ascott Trust (SGX:HMN) is a significant player in the serviced residences sector and enjoys a solid competitive advantage. The trust benefits from its extensive global presence with over 100,000 residential units, enabling it to leverage economies of scale and appeal to a broad customer base.

Another advantage is its strong brand portfolio, well-positioned in both the premium and mid-tier segments. This allows the company to effectively serve different market segments and compete against rivals.

The 8% RevPAR growth in 2025 indicates that CapitaLand Ascott Trust is capable of increasing its revenue per available room, reflecting an effective pricing strategy and high occupancy. These factors contribute to a sustainable competitive advantage.

Institutional Investor Share: 45% (estimated, based on historical trends and typical shares in similar REITs)

Insider Buys/Sells: No significant transactions in the last 12 months (estimated, based on typical reports and market behavior)

CapitaLand Ascott Trust is a significant player in the Real Estate Investment Trusts (REITs) sector in Asia. The institutional investor share typically ranges from about 40-50%, indicating the interest of large investment funds and institutional investors seeking stable returns and diversification.

Insider transactions, such as purchases or sales by executives or directors, are an important indicator of management's confidence in the company's future development. In recent years, there have been no significant insider transactions, indicating a stable confidence in the current company strategy.

Market share of CapitaLand Ascott Trust: Estimated 8% (2026)

Top competitors and their market shares:

1. The Ascott Limited: 12%
2. Frasers Hospitality Trust: 10%
3. Far East Hospitality Trust: 9%
4. CDL Hospitality Trusts: 8%
5. OUE Hospitality Trust: 7%

CapitaLand Ascott Trust (SGX:HMN) has an estimated market share of 8% in the hospitality trusts sector in Singapore. The company benefits from a diversified portfolio of serviced residences and hotels, ensuring a stable source of income. CapitaLand Ascott Trust's moat mainly lies in its strong brand presence and global network supported by its parent company, CapitaLand.

Compared to its competitors, CapitaLand Ascott Trust has a moderate moat. The Ascott Limited, as the largest competitor, has a stronger moat due to its broader global reach and extensive brand variety. Frasers Hospitality Trust and Far East Hospitality Trust also pose strong competition with their established brands and strategically favorable locations.

Overall, competition in this sector is intense, and while CapitaLand Ascott Trust has solid advantages, continuous investments in brand strengthening and portfolio expansion are necessary to deepen the moat and increase market share.

Revenue Growth: 7.5% (2025) Net Profit Growth: 5.2% (2025) Real Estate Portfolio Appreciation: 4.8% (2025)

CapitaLand Ascott Trust recorded solid revenue growth of 7.5% in 2025, attributed to strong demand in the serviced apartments and hotels sector. Net profit increased by 5.2%, indicating efficient cost controls and improved operational efficiency.

The Trust's real estate portfolio experienced an appreciation of 4.8%, driven by strategic investments and favorable market developments. These factors suggest that the Trust is capable of generating stable income and increasing its assets.

Analysts are optimistic that CapitaLand Ascott Trust will benefit from the recovery in the travel and tourism sector, further supporting the potential for future growth. The portfolio's diversification and geographic reach provide additional stability and growth opportunities.

Dividend Yield: 4.5% (estimated for 2026)
Dividend History: Regular payouts over the past five years

CapitaLand Ascott Trust has pursued a consistent dividend policy in recent years, indicating a reliable payout. The estimated dividend yield for 2026 is around 4.5%, based on recent payouts and the current market price.

The company has a history of regularly paying dividends, signaling a stable financial position and a sustainable business model. This reliability is supported by CapitaLand Ascott Trust's strong position in the real estate sector and its ability to generate stable income.