CapitaLand Ascott Trust (CLAS)

Broker's Calls

Swift and Coldplay concerts a 'gift that keeps on giving' for CLAS, says CGS International

Swift’s and Coldplay’s tours highlight the quality of CLAS’s portfolio and investment strategy
What could happen to CapitaLand Ascott Trust's perps ahead of Sept 4 call date?  - THE EDGE SINGAPORE

REITs

What could happen to CapitaLand Ascott Trust's perps ahead of Sept 4 call date?

CapitaLand Ascott Trust's call date for a $150m tranche of perps is in Sept. A number of REITs have their perp call dates in 2025.

New appointments

CLAS and CLCT appoint new chairmen

The changes will take place after the respective REITs' AGMs in April.

REITs

CapitaLand Ascott Trust prices $120 mil notes due 2029

The notes will carry a coupon of 3.69% per annum.

Broker's Calls

DBS analysts maintain preference for FCT, LREIT, CICT and CLAS S-REITs as macro environment normalises

Investors should continue to add to their positions, despite volatility in the interim as interest rate cuts approach in mid-2024.
PhillipCapital 'overweight' on S-REITs even as distributions shrink; FCT, CLAS top picks - THE EDGE SINGAPORE

Broker's Calls

PhillipCapital 'overweight' on S-REITs even as distributions shrink; FCT, CLAS top picks

S-REITs fell 4.4% in January after gaining 8.9% in December 2023. The top performer for the month was Frasers Centrepoint Trust.
'Accumulate' on CLAS as further upside from occupancy growth expected - THE EDGE SINGAPORE

Broker's Calls

'Accumulate' on CLAS as further upside from occupancy growth expected

PhillipCapital keeps CLAS as its top hospitality pick, but downgrades its call to 'accumulate'

Bonds and treasuries

Spotlight on travel and hospitality credit issuers as industry bounces back

Well-located, high-quality hospitality assets in key gateway cities have become attractive to investors shifting away from office

REITs

CLAS divests Citadines Mount Sophia Singapore for $148 mil

The REIT will recognize net proceeds of around $138.6 million and a net gain of approximately $14.6 million.
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