Ascott Residence Trust (Ascott REIT)

DBS favours REITs, yield stocks with growth prospects amid 'less cloudy' outlook

Investing ideas

DBS favours REITs, yield stocks with growth prospects amid 'less cloudy' outlook

SINGAPORE (Dec 18): Against an outlook that is “turning less cloudy”, DBS Group Research has advised investors to adopt a “barbell approach” to strike a balanced risk-reward.

CityDev, CapitaLand lead consortium to redevelop Liang Court site at Clarke Quay

Property

CityDev, CapitaLand lead consortium to redevelop Liang Court site at Clarke Quay

SINGAPORE (Nov 21): The iconic Liang Court site along River Valley Road has seen better days.

Results

Ascott REIT posts 5% rise in 3Q DPU on one-off gain from divestment

SINGAPORE (Oct 30): The manager of Ascott Residence Trust has reported a 5% rise in distribution per unit (DPU) to 1.91 cents for the 3Q19 ended September, from 1.82 cents a year ago.

Markets

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%.

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 hos

Results

Ascott REIT declares 8% higher 2Q DPU of 1.98 cents on higher sales

SINGAPORE (July 30): The manager of Ascott Residence Trust’s (Ascott REIT) has announced 2Q19 distribution per unit (DPU) 1.98 cents, up 8% from a year ago.

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 hospitali

Ascott REIT acquires Sydney limited-service business hotel for $59 mil

Property

Ascott REIT acquires Sydney limited-service business hotel for $59 mil

SINGAPORE (Mar 27): Ascott Residence Trust (Ascott REIT) is acquiring Felix Hotel, a prime freehold limited-service business hotel near Sydney Airport for A$60.6 million ($58.8 million).

Results

Ascott REIT DPU grows 5% to 2.15 cents in 4Q, scores another record year of distributable income

SINGAPORE (Jan 29): The manager of Ascott Residence Trust (Ascott REIT) has declared a distribution per unit (DPU) of 2.15 cents for 4Q18, up 5% from 2.04 cents in 4Q17 due to higher revenue.

Broker's Calls

Ascott REIT good for stable income growth, but lacks catalysts: CGS-CIMB

SINGAPORE (Nov 2): CGS-CIMB Securities continues to rate Ascott Residence Trust (Ascott REIT) at “hold” at an unchanged $1.12 target price on limited re-rating catalysts, after the trust’s latest 9

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