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Ascott Residence Trust (ART)
Property
Ascott sees over 40% y-o-y growth in first 7 months of 2021
Up to July, Ascott has achieved a record of over 2,800 new units in Vietnam.
July 21, 2021
Broker's Calls
CGS-CIMB sees stronger RevPAR for hospitality REITs, ART remains top pick
ART remains CGS-CIMB's top pick given its higher exposure to markets with stronger domestic demand.
July 08, 2021
REITs
Ascott Residence Trust to repossess Park Hotel CQ due to $5.9 mil owed
The managers add that they are considering “possible options” for the property should the master lease be terminated.
June 27, 2021
REITs
Ascott and Ascott Residence Trust to jointly develop student accommodation in the US for US$109.9 mil
The accommodation is the first under Ascott’s partnership with a student housing developer to accelerate growth in the US.
June 16, 2021
REITs
Ascott Residence Trust acquires three rental housing properties in Japan for $85 mil
The acquisition will be funded by debt and part of the net proceeds from ART's divestment of Somerset Xu Hu Shanghai..
June 01, 2021
Broker's Calls
CGS-CIMB remains positive on ART and CDLHT on gradual resumption of travelling activities
The analysts have also kept their “add” calls on ART and CDLHT with target prices of $1.20 and $1.43 respectively.
May 03, 2021
Results
Ascott Residence Trust reports continued recovery in 1Q21 business update
Ascott Residence Trust's RevPAU climbed 10% q-o-q to $55.
April 29, 2021
Broker's Calls
Travel bubbles and large domestic markets to revive hospitality sector, ART and CDL Hospitality Trusts top picks: DBS
The brokerage believes valuations remain attractive at 0.82 times P/NAV due to recovery prospects being overlooked.
March 10, 2021
REITs
Ascott Residence Trust divests Somerset Xu Hui Shanghai for $215.6 mil
Completion is expected to take place in 2Q2021.
February 09, 2021
Property
Ascott Residence Trust acquires first student accommodation asset in US for US$95 mil
The accretive acquisition will increase the pro forma FY2020 distribution per stapled security (DPS) by some 4.4%.
January 27, 2021