CapitaLand Ascott Trust (CLAS)

REITs

Better macro and interest environment to encourage allocations into S-REITs in 2HFY2024, DBS names top picks

The analysts at DBS note that an inflexion point approaches for S-REITs.
Analysts keep ‘buy’ on CLAS, expect REIT’s France assets to benefit from Paris Olympics - THE EDGE SINGAPORE

Broker's Calls

Analysts keep ‘buy’ on CLAS, expect REIT’s France assets to benefit from Paris Olympics

DBS and OCBC lower target price and fair value on the upcoming reset in coupon rates.

Results

CapitaLand Ascott Trust reports 8% y-o-y decline in 1HFY2024 DPS of 2.55 cents

The depreciation of most foreign currencies against the Singapore dollar affected distributions.
OCBC’s strategist says S’pore stocks provide ‘decent’ total returns; four select stocks offer more than 40% upside - THE EDGE SINGAPORE

Broker's Calls

OCBC’s strategist says S’pore stocks provide ‘decent’ total returns; four select stocks offer more than 40% upside

Among OCBC Investment Research’s table of 14 “selective stock investment ideas”, two are not STI constituents.

REITs

CapitaLand Ascott Trust acquires remaining 10% stake in South Carolina student accommodation

The property has 678 beds and serves over 35,000 undergraduates and graduate students from the USC.

Broker's Calls

Analysts upbeat on CLAS following positive 1QFY2024 results

CLAS is a beneficiary of the recovering hospitality industry and Taylor Swift's world tour.

Broker's Calls

Swift and Coldplay concerts a 'gift that keeps on giving' for CLAS, says CGS International

Swift’s and Coldplay’s tours highlight the quality of CLAS’s portfolio and investment strategy
What could happen to CapitaLand Ascott Trust's perps ahead of Sept 4 call date?  - THE EDGE SINGAPORE

REITs

What could happen to CapitaLand Ascott Trust's perps ahead of Sept 4 call date?

CapitaLand Ascott Trust's call date for a $150m tranche of perps is in Sept. A number of REITs have their perp call dates in 2025.
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