CapitaLand Ascott Trust (HMN) told investors at its China Investor Day on Aug, 18-19 2026 that it has agreed to sell The Robertson House by The Crest Collection in Singapore for 360 million Singapore dollars, a 4% premium to its Dec, 31 2025 book value and an exit EBITDA yield of 2.3%. Net proceeds of 341.7 million Singapore dollars will be redeployed into higher-yielding opportunities, including the proposed 134 million Singapore dollar purchase of the recently refurbished Coliwoo Midtown rental-housing property at 141 Middle Road, Singapore. The planned acquisition carries an initial EBITDA yield of 4.1% and is expected to lift FY 2025 pro-forma DPS by 2.4% upon targeted completion in 4Q 2026.

The trust said total divestments completed since 2024 now exceed 1.1 billion Singapore dollars, achieved at up to 100% premiums over book, while value-accretive acquisitions announced or closed amount to roughly 600 million Singapore dollars. CLAS aims to raise its portfolio exposure to rental housing and student accommodation to 25–30% of assets from the current 18–19%.

As at Jun, 30 2026, CLAS managed 106 properties across 45 cities in 16 countries with total assets of 8.8 billion Singapore dollars and a market capitalisation of 3.4 billion Singapore dollars. Gearing stood at 37.7%, leaving about 2.1 billion Singapore dollars of additional debt headroom, while 77% of borrowings were on fixed rates. The average borrowing cost was 2.8% per year and the interest-coverage ratio was 2.9 times.

For the six months to Jun, 30 2026, total distributions rose 1% year-on-year to 97.5 million Singapore dollars, maintaining DPS at 2.53 Singapore cents. Core distributable income was marginally lower due to timing between asset sales and redeployments, foreign-exchange movements and one-off tax adjustments.

Ongoing asset enhancement projects include The Cavendish London, Sotetsu Grand Fresa Osaka-Namba, Citadines Place d’Italie Paris and the redevelopment of Somerset Clarke Quay Singapore, with combined capital expenditure of about 270 million Singapore dollars, of which CLAS will fund roughly 180 million Singapore dollars.

CLAS said its diversified portfolio, with 60–70% of 1H 2026 gross profit deriving from stable sources such as master leases, management contracts with minimum guaranteed income, and rental-housing assets, provides resilience against macroeconomic uncertainty.