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Sheraton acquisition, Japan divestment, part of Ascott REIT’s strategic recycling

PC Lee
PC Lee4/24/2017 01:28 PM GMT+08  • 2 min read
Sheraton acquisition, Japan divestment, part of Ascott REIT’s strategic recycling
SINGAPORE (April 24): OCBC is viewing the divestment of 18 rental housing properties in Japan by Ascott Residence Trust positively given that it is a strategic recycling of assets.
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SINGAPORE (April 24): OCBC is viewing the divestment of 18 rental housing properties in Japan by Ascott Residence Trust positively given that it is a strategic recycling of assets.

The research house is thus reducing its fair value to $1.09 with a “hold” after tweaking its RevPAU growth assumptions for the various markets.

“We assume the divestment of the 18 rental housing properties in Japan will be completed in Mid-May, and adjust our revenue and gross profit assumptions accordingly,” says lead analyst Deborah Ong in a Monday report.

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