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Ascott Residence Trust (ART)
Broker's Calls
DBS ups Ascott Residence Trust's TP to $1.30 on faith in large domestic travel markets
The analysts see ART trading at a compelling value, with the counter currently trading below book at 0.9 times P/NAV.
December 13, 2021
Broker's Calls
ART’s 3Q21 shows steady recovery powered by domestic leisure demand: UOB Kay Hian
UOB Kay Hian highlights that ART's portfolio RevPAU rebounded 8% q-o-q to $70 in 3Q21, driven by domestic leisure demand.
November 09, 2021
Broker's Calls
ART, CDLHT are DBS’ top picks for hospitality S-REITs as 'green shoots' emerge for hotels
DBS says hospitality S-REITs reported strong performance in 3Q2021 and show promise heading into 2022.
November 05, 2021
REITs
Ascott Residence Trust acquires fourth student accommodation in US for $US83.25 mil
The yield-accretive acquisition will be funded by debt and part of the proceeds from ART’s private placement launched in Sept.
November 01, 2021
Sustainability
CapitaLand, Frasers Property among Singapore companies recognised in global real estate sustainability rankings
Keppel Land, Ascott Residence Trust and Suntec REIT also achieved accolades.
October 15, 2021
Broker's Calls
UOB Kay Hian adds ART, Singtel and Wilmar to its alpha picks, removes OCBC and SIA
During the 3QFY2021, UOB Kay Hian’s alpha picks portfolio marginally underperformed the STI, which was helped by share buybacks.
October 07, 2021
Broker's Calls
UOB Kay Hian upgrades Ascott Residence Trust to 'buy' on the back of recovery in the EU and UK
UOB Kay Hian has upgraded ART to “buy” with a target price of $1.16.
September 16, 2021
REITs
Ascott Residence Trust’s private placement 2 times covered, issue price fixed at 98.3 cents
The issue price stands at the lower end of the private placement’s launch range between 98.3 cents and $1.014.
September 10, 2021
REITs
Ascott Residence Trust buys Texas student accommodation for US$70 mil; launches private placement to raise $150 mil
The acquisition represents ART's third student accommodation investment within a span of seven months.
September 09, 2021
Broker's Calls
Analysts maintain 'buy' on Ascott Residence Trust with TP of at least $1.21, as recovery 'underway'
As at 3.41pm, units in ART are trading flat at $1.03, or 0.92 times P/BV, according to CGS-CIMB’s estimates.
July 29, 2021