Ascott Residence Trust

CapitaLand’s Ascott to buy prime Australian property for $71 mil
SINGAPORE (July 12): CapitaLand's wholly-owned serviced residence business unit, The Ascott, is acquiring a 221-unit serviced residence in Docklands, Melbourne, for A$71 million ($71 million) as part of its partnership with Australian-based apartment operator Quest Apartment Hotels. The acquisition is a first under Ascott's partnership with Quest. It is also a 50:50 joint venture ...
Ascott Residence Trust kept at ‘hold’ by CIMB with $1.16 target price
SINGAPORE (June 29): CIMB has maintained its “hold” call for Ascott Residence Trust (ART), with a target price of $1.16, according to a report dated Tuesday. ART provides unique exposure to the corporate long-stay segment through its serviced residences (SRs), currently comprising 90 properties with 11,667 units in 38 cities spread across 14 countries. Describing SRs as a resilient ...
Stock picks for investors seeking shelter from Brexit: UOB
SINGAPORE (June 27): UOB is recommending investors seek shelter in dividend-yielding stocks such as Singtel, ST Engineering, SPH, SATS, REITs and plantation companies on the back of continuing market volatility in the aftermath of Brexit, according to a report issued on Monday. Within the REIT space, UOB recommends investors seek refuge in defensive REITs that have no exposure to Europe. These ...
Hospitality SREITs earnings to stabilise on improved market conditions and new assets, says Fitch
SINGAPORE (June 24): Earnings of Hospitality SREITs are expected to stabilise in 2016 due to higher visitor arrivals and income from new assets, according to Fitch Ratings in a Tuesday report. Tourist arrivals increased 14% y-o-y in 4M16 on the back of a resurgence in arrivals from China and Indonesia. If this trend persists, it could “offset the potential earnings pressure from an estimated ...
5 companies that may be affected by Brexit: OCBC
SINGAPORE (June 22): OCBC Investment Research is advocating a cautious stance ahead of the UK referendum taking place this Friday, especially toward companies with significant UK exposure. The research house also maintains its ‘overweight’ rating on the Singapore market. “While our base case is for a non-Brexit scenario, we emphasise that the results of the Brexit referendum remain ...
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