CapLand Ascott - quarter gross profit for the first quarter ended March rose 15 per cent, Awesome! Gearing 37.7 percent, occupancy rate is about 95 percent. Seem good! Pls dyodd.

 1st quarter gross profit for the first quarter ended March rose 15 per cent year on year, due to contributions from new properties and a stronger operating performance.

Gearing stood at 37.7 per cent, which its managers estimated to translate to about S$2 billion in debt headroom.

Its average interest rate stood at 3 per cent per year with an interest cover of 3.7 times and a weighted average debt to maturity of 3.9 years.

Occupancy rate is about 95%.

Estimating yearly dpu of 5.5 cents. At 90 cents,  yield is about 6%. 

I think is quite a good yield level!

Pls dyodd.