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CapitaLand Ascott Trust (CLAS)
Company in the news
CapitaLand Investment trims stake in CLAS to 24.04% from 28.92%
The securities were sold to an unrelated third party for a sale consideration of approximately $162 million.
29 days ago
Broker's Calls
Phillip Securities ‘overweight’ on S-REITs; expects three rate cuts next year, not five
S-REITs will take time to benefit from interest rate cuts given the high percentage of fixed-rate loans, says Phillip Securities, while naming three top picks.
November 25, 2024
REITs
CLAS's move to acquire lyf Funan Singapore is part of its portfolio reconstitution strategy to lift yields
lyf Funan will be immediately income producing, and help CLAS rebalance its portfolio to Singapore
November 12, 2024
Broker's Calls
Maybank and UOB Kay Hian maintain ‘buy’ on CapitaLand Ascott Trust
This comes following the REIT’s 3QFY2024 business update on Oct 30.
November 04, 2024
Results
CapitaLand Ascott Trust sees 8% increase in gross profit and higher RevPAU in 3QFY2024 update
As at Sept 30, CLAS’s gearing stood at 38.3% with an interest coverage ratio of 3.6 times.
October 30, 2024
Company in the news
Briefs: Keppel REIT, Mapletree Logistics Trust report results, CapitaLand Ascott Trust divests Tianjin property
Plus, Great Eastern to have until January to comply with free float rule, HSBC reorganises and Goldman Sachs says decade of S&P 500 gains is over.
October 23, 2024
Broker's Calls
Brokers’ Digest: Manulife US REIT, Pacific Radiance, Zixin Group, CLAS, Sheng Siong Group
Here's what the analysts have to say this week.
October 03, 2024
REITs
Singapore will always have ‘resilient demand’ for hospitality, say CLAS’s managers
The managers say acquiring lyf Funan was “right” for CLAS as the property ticked all the right boxes including its location in a key gateway city, prime location and resilient demand.
October 03, 2024
REITs
CapitaLand Ascott Trust to acquire lyf Funan Singapore for agreed property value of $263 mil
The proposed acquisition is expected to increase CLAS’s total distribution by $3.5 million.
October 01, 2024
Insider moves
CEO of CLI’s lodging business buys $250,000 worth of CLAS perps from the market
Units in CLAS closed 0.5 cents higher or 0.55% up at 91.5 cents on Sept 2.
September 02, 2024