asset recycling

Cache Logistics Trust acquires logistics warehouse and office facility in Australia for $42.6 mil
SINGAPORE (Mar 20): ARA Trust Management, the manager of Cache Logistics Trust, announced that it has acquired a warehouse and office facility located in Melbourne, Australia for a total consideration of A$44.3 million ($42.6 million), with an initial property yield of 6.8%. This acquisition was made through Cache Logistic Trust’s wholly-owned sub-trust Altonia (VIC) Trust. Located within ...
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 stability going forward. The move comes after the manager of A-HTRUST posted a 3Q19 distribution per stapled security (DPS) of 1.45 cents, up ...
Analysts in favour of Sembcorp Industries' latest UK acquisition for earnings & growth prospects
SINGAPORE (June 4): CGS-CIMB Research and DBS Vickers Securities are maintaining their “add” and “buy” calls on Sembcorp Industries as they like the group’s latest acquisition of UK Power Reserve (UKPR), the UK’s largest flexible distributed energy generator. The deal marks one of the first major steps the group has taken in recycling its utilities assets post its strategic review ...
Small is beautiful for Roxy-Pacific
SINGAPORE (May 15): OCBC Investment Research is reiterating its “buy” rating on Roxy-Pacific with a fair value estimate of 60 cents. This came on the back of the group announcing that its 1Q18 earnings have increased 19% to $7.0 million, compared to $5.91 million in 1Q17. Revenue came in at $46.4 million, 29% lower than $65.4 million a year ago, mainly due to lower contribution from the ...
Parkway Life REIT kept at 'buy' on strong earnings visibility
SINGAPORE (Jan 29): DBS is keepings its “buy” rating on Parkway Life Real Estate Investment Trust (PLife REIT) with an increased target price of $3.15. In a Monday report, analyst Rachel Tan says, “PLife REIT offers one of the strongest earnings visibility profiles among SREITs, with a weighted average lease expiry (WALE) of close to nine years.” On Friday, the REIT announced its ...
Ascendas REIT kept at 'hold' amid positive rental reversions in Singapore
SINGAPORE (Jan 26): OCBC is maintaining its “hold” call on Ascendas Real Estate Investment Trust (AREIT) with a higher fair value of $2.69. This is despite consensus recommending a “buy” on the REIT. See: Analysts keep Ascendas REIT at 'buy' despite a drop in 3Q DPU The REIT on Thursday announced its 3Q17/18 results, which were in line with the research house’s ...