Ascendas Hospitality Trust (A-HTrust)


Liang Court redevelopment in spotlight as CapitaLand moves to recycle capital

SINGAPORE (Nov 25): CapitaLand has been busy with transactions this month. First, it proposed on Nov 1 to divest 28 US campus properties and two business parks in Singapore to Ascendas Real Estate Investment Trust (Ascendas REIT). On Nov 20, the develop­


Ascendas Hospitality Trust posts 5.5% decline in 2Q DPS to 1.38 cents

SINGAPORE (Oct 29): The managers of Ascendas Hospitality Trust has announced distribution per stapled security (DPS) of 1.38 cents for the 2Q19 ended September, some 5.5% lower than DPS of 1.46 cents a year ago.


IMF cuts growth forecast but MAS expects recovery; Kimly buys canteens

SINGAPORE (Oct 28): The International Monetary Fund has slashed its 2019 growth prediction for Singapore to 0.5%, down from its July estimate of 2%. This is IMF’s second downward revision for the city state; in its World Economic Outlook report in April

Corporate moves

Ascott Residence Trust, Ascendas Hospitality Trust get over 99% approval from unitholders for proposed combination

SINGAPORE (Oct 22): The unitholders of Ascott Residence Trust (Ascott REIT) and Ascendas Hospitality Trust (A-HTRUST) have voted overwhelmingly in support of the proposed combination of the two hospitality real estate investment trusts.


A-HTrust's security holders are short-term beneficiaries of merger with Ascott REIT

SINGAPORE (Oct 14): During a recent joint roadshow by the managers of Ascott Residence Trust (Ascott REIT) and Ascendas Hospitality Trust (A-HTrust), an Ascott REIT unitholder wondered why its unit price had not moved since July 3, when the merger between

Yield watch

Third REIT merger in a year in Singapore creates Asia-Pacific's largest hospitality trust

(July 8): No sooner had CapitaLand and Ascendas Singbridge completed an $11 billion merger on July 1 than the enlarged group announced the merger between CapitaLand’s two hospitality trusts — Ascott Residence Trust (ART) and Ascendas Hospitality Trust


Ascendas Hospitality Trust posts 2.9% increase in 4Q DPS to 1.77 cents

SINGAPORE (May 9): Ascendas Hospitality Trust (A-HTRUST) reported a 2.9% increase in its 4Q19 distribution per stapled security (DPS) to 1.77 cents, compared to 1.72 cents in 4Q18, as income available for distribution increased by 3.5% y-o-y to $20.1 mill

Activist investment

Quarz Capital proposes merger of Ascendas Hospitality Trust and Ascott Residence Trust

SINGAPORE (Apr 25): Activist investor Quarz Capital Management has issued an open letter to the manager of Ascendas Hospitality Trust (A-H Trust) urging for its merger with Ascott Residence Trust (ART) to resolve the key issue of overlapping investment ma

In print this week

CapitaLand dips its toes into new asset classes such as Jewel and multifamily housing as ASB merger is approved

SINGAPORE (Apr 22): Jewel Changi Airport — Singapore’s newest integrated development by CapitaLand and Changi Airport — is quite the talk of the town with its waterfall, jungle, shops, eateries and a YOTELAIR. It houses more than 2,000 trees and pal

Broker's Calls

Ascendas Hospitality Trust kept at 'buy' on strong earnings visibility

SINGAPORE (Jan 30): DBS Vickers Securities is maintaining its “buy” call on Ascendas Hospitality Trust (A-HTRUST) with a target price of 98 cents, and is of the view that the trust’s asset-recycling strategy will continue to provide it earnings stab