Investor Presentaiton
Property
Lodging
Туре
Acquisitions
Invested in S$530.81 mil of lodging assets in FY 2023, delivering EBITDA yield of 6.2%2
No.
Location
No. of units
Purchase price
EBITDA / Net
Operating
Income yield
Acquisition date
Entered into in FY 2022 and completed in FY 2023
Rental
1
Eslead Residence Osaka Fukushima East
Osaka, Japan
108
housing
JPY 1.9 bil
(S$22.2 mil)
Apr 2023
4.0%3
Rental
2
Granfore Hakata Waterfront
Fukuoka, Japan
247
housing
JPY 4.0 bil
(S$47.9 mil)
May 2023
Entered into and completed in FY 2023
3
The Cavendish London
Temple Bar Hotel
Ascott Kuningan Jakarta
Entered into in FY 2022 and completed in Jan 2024
6
Teriha Ocean Stage
Hotel
London, UK
230
Hotel
Dublin, Ireland
136
S$357.8 mil
6.2%2
Nov 2023
Serviced
residence
Jakarta, Indonesia
185
Rental
housing
Fukuoka, Japan
258
JPY 8.0 bil
(S$82.6 mil)
4.0%4
Jan 2024
Notes:
1.
2.
3.
Based on the total agreed property value of The Cavendish London, Temple Bar Hotel and Ascott Kuningan Jakarta
Excluding the Milestone Payments which are to be made only when 70% of the renovations of The Cavendish London and Temple Bar Hotel are completed. Including the Milestone Payments, the EBITDA yield is 5.1% on a FY 2022 pro forma basis
Refers to the expected stabilised net operating income yield aggregated for the 5 Japan turnkey acquisition properties announced in Mar 2022, 3 of which were completed in FY 2022
4.
Refers to the expected stabilised net operating income yield
CapitaLand Ascott Trust
Investor Presentation
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