Revenue of Ascott and Frasers REITs to remain weak until 2023

18 Mar 2021 - Singapore Business Review
But excellent liquidity will help them through the industry turmoil. Ascott Residence Trust and Frasers Hospitality Trust (FHT) will continue to suffer weak revenues until 2023, according to Moody’s latest research. Moody’s said the slow resumption of travel will keep credit metrics weak for the two ...
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Hospitality REITs on the road to recovery: OCBC

9 Mar 2021 - Singapore Business Review
Ascott Residence Trust is OCBC’s top hospitality pick. Hospitality REITs have borne the brunt of the COVID-19 pandemic but are now on the road to recovery, according to OCBC Investment research. “Singapore started vaccinations in December 2020 and targets to vaccinate the entire population by 3Q 2021. ...
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CapitaLand acquires student accommodation property in US for $126.3m

2 Mar 2021 - Singapore Business Review
The property is located in Atlanta, Georgia. CapitaLand, through Ascott Residence Trust, has completed the purchase of a student accommodation property at 800 Marietta Street NW in Atlanta, Georgia in United States for $126.3m (US$95m), its first acquisition in the country. The acquisition was completed ...
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Ascott expands Citadines brand in Indonesia

11 Feb 2021 - Singapore Business Review
It has recently opened serviced residence Citadines Berawa Beach Bali. The Ascott Limited, a CapitaLand-owned lodging business unit, has expanded its Citadines brand in Indonesia as it has opened serviced residence Citadines Berawa Beach Bali, the company announced. Citadines Berawa Beach Bali has 224 ...
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Stocks to watch: SGX, Yangzijiang, ART, HPHT, Thomson Medical

9 Feb 2021 - The Business Times
THE following companies saw new developments that may affect trading of their securities on Tuesday: Singapore Exchange (SGX): The bourse and its wholly-owned subsidiary Asian Gateway Investments on Monday entered into an agreement to incorporate a joint-venture company in Singapore that will launch ...
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Ascott Residence Trust H2 2020 DPU fell 52% YoY

29 Jan 2021 - Singapore Business Review
Analysts are positive with ART’s growth prospects. Ascott Residence Trust (ART) has reported a distribution per unit (DPU) of 1.99 cents for H2 2020, falling 52% YoY from the previous year, which brings the FY2020 DPU to 3.03 cents, down 60.6% YoY than in FY2019. Revenue for 2H 2020 decreased by 39% ...
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Stocks to watch: Keppel DC Reit, ART, Sheng Siong, Bonvests

27 Jan 2021 - The Business Times
THE following companies saw new developments that may affect trading of their securities on Wednesday: Keppel DC Reit: It reported a distribution per unit (DPU) of 4.795 Singapore cents for the second half of the fiscal year ended December 2020, 27.5 per cent higher than the DPU of 3.76 Singapore cents ...
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Ascott Residence Trust buys US student accommodation asset for $126.3m

27 Jan 2021 - Singapore Business Review
Signature West Midtown has a 95% occupancy rate and has 525 beds. Ascott Residence Trust (ART) has acquired Signature West Midtown, a purpose-built student accommodation asset in Atlanta, Georgia, USA for $126.3m (US$95m), the trust announced in a press release. Signature West Midtown is a freehold property ...
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Ascott Residence Trust's distributable income down 43% in FY2020

27 Jan 2021 - Singapore Business Review
Its Singapore and Vietnam properties gave lower contributions. Ascott Residence Trust (ART) posted distributable income of $94.2m in FY2020, a 43% decline from the $165.5m it reported for FY2019, the trust announced in a press release. Revenue for the period totalled $369.9m, or 28% lower than the $514.9m ...
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US dollar may continue fall, but impact on Singapore stocks unlikely to be major

22 Jan 2021 - The Business Times
Singapore THE US dollar (USD) could continue to trend downwards amid positive risk sentiment in markets, which could benefit Asian assets, with little downside expected for Singapore stocks with US exposure, say analysts. Sim Moh Siong, currency strategist at Bank of Singapore said: "It is still a very ...
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