CapitaLand Ascott Trust hiked its dividends for the third consecutive year in 2023 with an improvement in travel demand. We find out if the recovery can continue. What happened? CapitaLand Ascott Trust, or CLAS, recently held its pre-AGM dialogue session with investors. There was much to update investors, especially after the completion of its preferential offering in August last year. Earlier, we shared that CapitaLand Ascott Trust was one of the few Singapore REITs that raised its dividends in 2023. This would make it the third consecutive year that CapitaLand Ascott Trust has raised its dividends as it staged a strong rebound from the Covid-19 pandemic. However, the increase in dividends did not translate into a solid share price performance. The share price of CapitaLand Ascott Trust has fallen by close to 6% so far this year, and is now 10% below its preferential offering price of S$1.025. In this article, we dive deeper into CapitaLand Ascott Trust to determine if it  ...