SGX:HMNHotel and Resort REITs
CapitaLand Ascott Trust (SGX:HMN) Stock Price Trails Thin Earnings And Weak Coverage
CapitaLand Ascott Trust’s unit price has barely budged in recent weeks, yet the latest half year numbers pose a sharper question. Investors are reacting to a hospitality REIT that still trades below its net asset value of S$1.15 per unit while earnings per unit for the first half sit at just S$0.013234. That disconnect between a discounted unit price and a thin earnings line is where sentiment is being tested.
The main issue is a profit base lifted by past one off gains and a balance sheet...