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Ascott REIT (ART)
REITs
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
November 22, 2019
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
April 25, 2019
Broker's Calls
Ascott REIT cut to 'hold' by OCBC after recent rally
SINGAPORE (Apr 16): OCBC Investment Research is downgrading Ascott REIT (ART) to “hold” from “buy” given current valuations are not as compelling as before.
April 16, 2019
Broker's Calls
Acquisitions offset weak organic growth in Ascott REIT but is the selling overdone?
SINGAPORE (July 25): Ascott Residence Trust reported 2Q18 DPU of 1.84 cents. Adjusting for the realised forex gain of $11.9 million, 2Q18 DPU would have registered 13% y-o-y improvement, mainly due to four acquisitions in 2017: Ascott Orchard Singapore, t
July 25, 2018
Broker's Calls
Wait for dips to buy into hospitality sector, advises OCBC
SINGAPORE (March 28): OCBC Investment Research is maintaining its “neutral” call on Singapore’s hospitality sector with OUE Hospitality Trust (OUE HT) as its top and only “buy” pick in the Singapore REITs space at a fair value of 75 cents.
March 28, 2017