Straits Organization rebrands to ST Hospitality

21 Sep 2020 - Singapore Business Review
Former Ascendas Hospitality Trust CEO Tan Juay Hiang has been appointed as senior adviser. F&B player Katrina Group’s wholly-owned subsidiary Straits Organization has rebranded to ST Hospitality, a press release said. In the same announcement, ST Hospitality shared plans for more property launches in ...
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Ascott Residence Trust's income down 56% to $32.6m

28 Jul 2020 - Singapore Business Review
It saw 21 of its properties close temporarily during the pandemic. Ascott Residence Trust’s (ART) distributable income crashed 56% YoY to $32.6m in H1, from $74.6m in H1 2019, the company revealed in a news release. Revenue fell 16% to $208.5m over the same period. This was mainly attributed to the drop ...
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Ascott Residence Trust joins FTSE EPRA Nareit Global Developed Index

8 Jun 2020 - Singapore Business Review
This is said to broaden ART’s reach to international investors. Ascott Residence Trust (ART) will be included in the FTSE EPRA Nareit Global Real Estate Index Series (Global Developed Index) from 22 June, according to an announcement. This follows ART’s combination with Ascendas Hospitality Trust last ...
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Stocks to watch: Cromwell E-Reit, Ascott Reit, Alliance Healthcare, Rex, KS Energy

20 Dec 2019 - The Business Times
THE following companies saw new developments that may affect trading of their securities on Friday: Cromwell European Real Estate Investment Trust (Cromwell E-Reit): The Reit's manager on Friday said the Reit has entered into a purchase agreement and lease agreements with units of Felss Group GmbH to ...
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100 top traded stocks surpass STI benchmark

18 Dec 2019 - Singapore Business Review
Individually, two-thirds of these stocks also outpaced the STI figure. Singapore’s 100 most actively traded stocks by turnover have outpaced the STI benchmark with an average total return of 23.5%, an SGX report revealed. The STI has generated an 8.6% total return YTD. These stocks were also the combined ...
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100 top traded stocks surpasses STI benchmark

18 Dec 2019 - Singapore Business Review
Individually, two-thirds of these stocks also outpaced the STI figure. Singapore’s 100 most actively traded stocks by turnover have outpaced the STI benchmark with an average total return of 23.5%, an SGX report revealed. The STI has generated an 8.6% total return YTD. These stocks were also the combined ...
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More REIT mergers lie ahead as growth prospects dry up

6 Dec 2019 - Singapore Business Review
Frasers is one of the recent casualties after the merger of its logistics and commercial trusts. The consolidation amongst real estate investment trusts (REITs), especially between firms with the same sponsor, are expected to continue given a limited potential for organic growth and the benefits in having ...
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Ascott REIT's profits up 1% to $65.05m in Q3

30 Oct 2019 - Singapore Business Review
This was due to lower revenue from the sale of Ascott Raffles Place Singapore. Ascott Residence Trust’s (Ascott REIT) gross profits inched up 1% YoY to $65.05m in Q3 compared to $64.15m in Q3 2018, an announcement revealed. Revenue dipped 2% YoY to $132.45m from $134.48m over the same period last year. ...
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Ascott REIT and Ascendas Hospitality Trust propose merger to create largest hospitality trust in APAC

3 Jul 2019 - Singapore Business Review
It will become the region’s largest hospitality trust with an asset value of $7.6b. Ascott Residence Trust (Ascott Reit) and Ascendas Hospitality Trust (A-HTRUST) have announced a proposed combination, which will result in the combined entity becoming the largest hospitality trust in Asia Pacific (APAC) ...
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Quarz Capital urges merger between Ascendas Hospitality Trust and Ascott Residence Trust

29 Apr 2019 - Singapore Business Review
The merger is said to bring an asset base and market cap exceeding $6.6b and $3.6b, respectively. Investment manager Quarz Capital Management, Ltd. (QCM), a shareholder of Ascendas Hospitality Trust, issued an open letter urging for the merger of Ascendas Hospitality Trust (A-H Trust) and Ascott Residence ...
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