Basic Profile & Key Statistics Key Indicators Performance Highlight Revenue and gross profit improved YoY mainly due to higher revenue from existing properties and contributions from new properties. Despite this improvement, total distribution remains similar mainly due to high finance costs, lower realized exchange gains, and higher tax expenses. DPS, on the other hand, has declined significantly due to a larger unitholder base resulting from a private placement in August 2023. Revenue per Available Unit The RevPAU in 2Q has improved YoY and reached 102% of the pre-COVID level, while RevPAR for 1H stands at S$145. Acquisition In January, CLAS acquired a rental housing property in Japan, while in June, CLAS acquired the remaining 10% stake in Standard at Columbia. Divestment CLAS has completed the divestment of 5 properties from January to March with a premium over book value. The divestment of Novotel Sydney Parramatta is expected to be completed in 3Q this year. Development The redevelopment...