ascott reit latest news

We strive to deliver timely and accurate news, data and information on REITs and property trusts listed globally. Brookfield India REIT has disclosed an adjusted, Data from Cromwell European REITs latest results is in the Singapore REITs table. | SGX Listed S-REIT @ SG investors.io 2- Ascott Reits Assets. Oakwoods approximately 8,500 operational units are expected to immediately contribute to Ascotts recurring fee income streams upon completion of the transaction slated in 3Q 2022. Lippo Malls Indonesia Retail Trust publishes response to SGX queries, CapitaLand Ascendas REIT completes acquisition of fifth data centre in UK, Cromwell European REIT signs 4-year sustainability-linked EUR157.5 million term loan, Cromwell European REIT secures EUR165 million credit facility, Keppel DC REIT DPU for 1H 2023 largely flat year-on-year, Sabana REIT to call EGM on 7 August after court dismisses application from ESR Group, Manulife US REIT leverage reaches 57% after portfolio revaluation, IREIT Global to hold EGM on 27 July for 17-asset acquisition proposal, Mapletree Logistics Trust completes divestment of Malaysia asset, EC World REIT extends deadline for asset divestments. Blood on REITs Streets Could Signal Buying Opportunity Ascott REIT (including Ascott BT) is a Singapore-based hospitality trust, with a globally diversified portfolio of 105 properties with over 18,000 units across 47 cities in 15 countries, and a property value of SGD7.4 billion as of end-2022. Users are advised to check with the respective bourses and listed securities should there be a need need to verify any information. Ascott Reit and A-HTrust both called for trading halts on Wednesday morning, and they requested to lift the halts half an hour before the SGX noon trading break. Ascott Strengthens Market Leadership in Southeast Asia with Ascott e.setAttribute('src','https://assets.pinterest.com/js/pinmarklet.js?r='+Math.random()*99999999); "With access to a larger capital base and a higher debt headroom of about $1 billion, we will have greater financial flexibility to seek more accretive acquisitions and value enhancements," said Bob Tan, Ascott Residence Trust Management Limited's chairman. Dividend The acquisition includes three serviced residences of which two, Quest Cannon Hill in Brisbane, Australia and La Clef Tour Eiffel Paris in France, are on master leases. The REIT manager expects the new asset to increase Ascott Reits pro forma distribution income in FY 2016 by US$0.9 million (S$1.2 million1), translating to a rise in distribution per unit from 7.23 cents2 to approximately 7.29 cents on a pro forma basis, according to a statement to the stock exchange. : 200516209Z) Ascott Business Trust Management Pte. Fitch Ratings - Singapore - 11 Apr 2022: Fitch Ratings has assigned a 'BBB-' long-term rating to Ascott Barely a year after CapitaLand Ascott Trust (CLAS) HMN -. Sep 26, 2019. Ascott Reit (adsbygoogle = window.adsbygoogle || []).push({}); REITsWeek is a publisher of news and data on REITs, and securitised real estate investments. Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication. Ltd. (Trustee-Manager of Ascott Business Trust) (Regn No. Jun 3, 2021 Ascott Residence Trust Fitch Ratings has downgraded Ascott REITs issuer default rating to 'BBB-' from 'BBB', with a stable outlook. Headquartered and listed in Singapore, CapitaLand Investment (CLI) is a leading global real estate investment manager (REIM) with a strong Asia foothold. WebAscott REIT MTN Pte Ltd. was incorporated in 2009 and is based in Singapore. advertising cookies. WebCromwell European REIT secures EUR165 million credit facility. The move is seen as one that will re-shape expectations on perpetual securities issued by REITs in Singapore. UOB Share Price, Theme: Newsup by Themeansar. REITSWEEK - News beyond the mainstream The REIT manager, which already bought a Times Square area hotel in 2015, sees its new Manhattan property as likely to benefit from its location near New Yorks $30 billion Hudson Yards project, as US assets account for a growing share of the listed trusts income. EBITDA interest coverage will be even stronger, at above 2x, Moodys said. The Skilled Migrant Category is a points system based on factors such as age, work experience, your qualifications, and an offer of skilled employment. Fitch Upgrades CapitaLand Ascott REIT to 'BBB'; Outlook Stable; Rated Singapore REITs to Deleverage as Hotels Recover and Acquisitions Slow; Singapore All rights reserved. UOB Kay Hian . Post-merger with ASCENDAS HOSPITALITY TRUST (SGX:Q1P), Ascott Residence Trust will own 88 properties totalling 16,000 keys spanning 15 countries. Ltd. 2019-12-24. Aug 15, 2022 Ascott Residence Trust. menu. CapitaLand Ascott Trust retains top sustainability ranking as Ascott REIT Fitch Ratings - Singapore - 25 May 2022: Fitch Ratings has affirmed Ascott Real Estate Investment Trust's Long-Term Issuer Default Rating at 'BBB-'. Here are several points that could help you decide if Ascott Reit is a worthy investment. Located at Nepal Hill, the property will be managed by The Ascott Limited under the lyf brand. CapitaLand Ascott Trust (CLAS) is the largest lodging trust in Asia-Pacific with an asset value of S$8.1 billion as at 30 June 2023. Ascott Residence Trust (ART) has launched a private placement exercise to raise gross proceeds of about SGD150 million from institutional and accredited investors. Where applicable, data from these disclosures are updated into the corresponding entries on the Hong Kong REITs, India REITs, and Singapore REITs tables. Revenue of Ascott and Frasers REITs to remain weak September 9, 2021 - Ascott Residence Trust (ART) announced that it will acquire a freehold 1,005- bed student accommodation asset in Texas, USA for US$70.0 million (S$93.8 million), its third student accommodation investment within a Ascott REIT reported a 3% increase in revenue to $115.9 million. All rights reserved. CLAS objective is to invest primarily in income-producing real estate and real estate-related assets which are used or predominantly used as serviced residences, rental housing properties, student Manulife US REIT leverage reaches 57% after portfolio revaluation. WebView The Ascott Limited's latest news on PRLog, with news from 370,000 organizations. WebAscott Residence Trust Management Limited (Manager of Ascott Real Estate Investment Trust) (Regn No. Ascott Ascott REAL ESTATE. Where applicable, data from these disclosures are updated into the corresponding entries on the Hong Kong REITs, India REITs, and Singapore REITs tables. In particular, the stapled securities of CapitaLand Ascott Trust (a stapled group comprising CapitaLand Ascott Real Estate Investment Trust and CapitaLand Ascott Business Trust) have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or under the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the U.S. Securities Act. Ascott REIT is buying the DoubleTree by Hilton Hotel New York Times Square South for $106 million from a subsidiary of Rhode Island-based hotel investment and management firm Magna Hospitality Group, to add to its portfolio of 75 hotel, serviced apartment and other hospitality properties in 14 cities globally. The placement will increase the number of units in ART by up to approximately 180,181,000, which is an increase of approximately 5.5%. 1- Stock Information. The attached announcement issued by Ascott Residence Trust Management Limited for Ascott Residence Trust, is for information. OCBC Share Price, We strive to deliver timely and accurate news, data and information on REITs and property trusts listed globally. Ascott Ascott REIT Ascott Real Estate investment Trust - Fitch Ratings Ascott Residence Trust (ART) has launched a private placement exercise to raise gross 4 Stocks This Week (US-Play REITs Copyright 2023 SPH Media Limited. Ascott EGM and Scheme Meeting held on 21 October 2019. New Zealands business migration categories are designed to contribute to economic growth, attracting smart capital and business expertise to New Zealand, and enabling experienced business people to buy or establish businesses in New Zealand. SATS Share Price, Ascott Singapore: Ascott Reit has acquired a greenfield site for S$62.4 million for its first development project. Ascott Residence Trust (ART) has launched a private placement exercise to raise gross proceeds of about SGD150 million from institutional and accredited investors. Manulife US REIT leverage reaches 57% after portfolio revaluation. Results. | Acquisition of yet another quality property in Manhattan would strengthen our foothold in New York, which saw record high visitor arrivals in 2016, said ARTML chairman Bob Tan. digitGaps report on Ascott REIT MTN Pte Ltd delivers a detailed in-depth and comprehensive insights of the company, its history, corporate strategy, its businesses and structures, and company Ltd. Back Dec 27, 2019. These assets have longer tenancies that Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication. The company pioneered and established its reputation in the USA as the premier provider of corporate housing, before developing expertise as a hospitality company with more than 80 branded properties under its management internationally. You will need to make your own independent judgment regarding the analysis. CapitaLand Ascott Trust (SGX:HMN)'s Dividends and Corporate Actions including Rights, Splits, Entitlements, etc. Fitch Downgrades Ascott REIT to 'BBB 26. Capital-raising efforts bring big benefits. It will also diversify Ascott Reit's global portfolio and give it access to the cities of Brisbane and Seoul. A CBRE expert believes the bill will make SG attractive to new entrants in the market. 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Ascott Reit SingTel Share Price, Ascott Reit wins tender for one-north site for $62.4m; to build lyf Pasture Holdings (SGX:UUK) The two singers are among the line up of big-name acts staging live concerts in Singapore early WebCompany information and news from Ascott Residence Trust. The US market was our top contributor to revenue in 2016 and 1Q 2017. Meanwhile in South Carolina, USA, ART is doubling its stake in Standard at Columbia, acquiring an additional 45% stake in the student accommodation property. Stapled securityholders of CapitaLand Ascott Trust HMN 0.00% (CLAS) can sleep easy with the knowledge that its manager is focused not on AUM growth in the manner of many other S-REIT managers but on stable distributions per stapled security (DPS). Important Notice| Ascott Highlights. WebTHE MANAGERS Overview. functional cookies Ascott Asset Acquisitions and Disposals::Establishment of wholly owned subsidiary Ascott Reit (Australia) Investment Pte. Ascott REIT expects benefits for Vietnam portfolio amidst WebdigitGaps report on Ascott Residence Trust Ascott REIT delivers a detailed in-depth and comprehensive insights of the company, its history, corporate strategy, its businesses and structures, and company operations by examining its performance in local market and global economy. Ascott REIT posts 7% increase in Ascott Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine. WebThe Ascott Limited is a member of CapitaLand. In New Zealand, you can study for internationally-recognised qualifications at a wide range of educational institutions. The pro forma DPU for Ascott Reit would have increased to 7.34 Singapore cents, up 2.5 per cent from 7.16 Singapore cents, and the DPU for A-H Trust would have increased to 6.14 Singapore cents, up 1.8 per cent from 6.03 Singapore cents. Ascott REIT Ada Lim - CapitaLand Ascott Trust - Expanding Horizons With EFR Singapore Stock Alpha Picks (Oct 2021) - Removing OCBC, SIA; Adding Ascott REIT, SingTel, Wilmar. CapitaLand Ascott Trust, or CLAS, is a hospitality trust focusing on serviced residences, hotels, rental housing and student accommodation. WebNews Ascott REIT Acquires Prime Freehold Limited-Service Business Hotel In Sydney Australia For A$60.6 Million. Name : Ascott Reit 3 Pte. Ascott REIT is a hospitality trust with a portfolio of 87 properties across 15 countries. The name of the Manager has changed from Ascott Residence Trust Management Limited to Ever Glory United (SGX:ZKX) For the 1HFY2023 ended Dec 31, 2022, Oxley Holdings saw its earnings plunge by 98.8% y-o-y to $277,000 from $23.5 million previously.The groups pre-tax profit for the same period stood at $4.6 million, which is down by 83.0% y-o-y. Ascott REIT UOB Kay Hian. Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Residential REITs. Acquisition adds to recurring fee income streams and expands lodging offerings to strengthen Ascotts leading position. Proudly powered by WordPress function pinIt() Upgrade Now Or Login to Your Premium Account Ascott Residence Trust - Units Stock (OTC) ACTRF Payout Change None Price as of: FEB 20, 08:15 AM EST $0.93 +0.03 +0% Dividend (Fwd) $0.00 Reit Other Ascott Residence Trust - Units (ACTRF) Dividend Data Stock Data It will build the first co-living property in Singapores research and innovation business hub, one-north. Get the latest news updates in your mailbox. WebCromwell European REIT secures EUR165 million credit facility. Ascott REIT We will revisit estimates upon completion of its AHT-merger, expected in Dec 2019, which could result in a 2.0-2.5% DPU boost. The acquisition has an estimated total capitalised cost of SGD318.3 million. With Oakwood coming onboard, Ascott is confident of achieving its target of 160,000 units globally well ahead of 2023. According to a roadshow presentation revealed to the Singapore Exchange to be presented to Singapore and Hong Kong investors this week, Ascott REIT's rights issue will proivde 3 main advantages: It will increase its debt headroom, provide unitholders with a golden opportunity, and improve ComfortDelGro Share Price, NEWLY LISTED COMPANIES ON SGX: Ascott REIT has acquired the 389-unit Infini Garden from The Ascott Limited (Ascott) and ArcResidential Japan Investments Limited. Ascotts acquisition of Oakwood brings about an immediate boost to our units under management and franchise contracts. Ascott REIT expects benefits for Vietnam portfolio amidst Ascott REIT Ltd. (Trustee-Manager of Ascott Business Trust) (Regn No. While we strive to give the most accurate data and information available, the publisher of REITsWeek makes no warranties, expressed or implied, to anyone who uses this website including free and paying subscribers. REITs The five-year contract will start in April 2024. iFAST Latest News Once the merger deal is completed, CapitaLand expects to have a 40.2 per cent stake in Ascott Reit-BT. (adsbygoogle = window.adsbygoogle || []).push({}); REITsWeek is a publisher of news and data on REITs, and securitised real estate investments. CapitaLand to merge Ascott Reit, Ascendas unit to form Asia-Pacific's largest hospitality trust with $7.6b in assets, All done! e.setAttribute('type','text/javascript'); Ascott Must Know About Ascott Residence Trust Before Follow us on Facebook and join our Telegram channel for the latest updates. Ascott Here are several points that could help you decide if Ascott Reit is a worthy investment. Oxley Holdings report 98.8% plunge in 1HFY2023 earnings of $277,000. We forecast a slow demand recovery until 2022, when vaccination rates start to rise, and for global travel and lodging fundamentals to recover to pre-pandemic levels only after 2024, although some uncertainty remains, it added. Genting Singapore Share Price, The Outlook is Stable. Singapore, 28 January 2022 Ascott Residence Trust (ART) has increased its distribution per Stapled Security (DPS) for FY 2021 by 43% to 4.32 cents compared to FY 2020.ARTs distribution income also grew 46% to S$137.3 million compared to FY 2020. Ascott Residence Trust (Ascott Reit) registered a strong growth of 30% in Unitholders' distribution for 4Q 2017 to S$43.9 million, as compared to 4Q 2016. The strategic moves we have made in the last few years, such as our investments in Quest, Synergy and TAUZIA have charted an unprecedented growth path for Ascott, added Mr Goh.

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