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Ascott Reit acquiring 7 assets in Australia, Japan for S$298.3m

Ebitda yield of 5.1% for three serviced residences and four rental housing properties

Fiona Lam

Published Thu, Jun 25, 2015 · 09:50 PM

ascott residence trust

Singapore

ASCOTT Residence Trust (Ascott Reit) is looking to acquire three serviced residences and four rental housing properties in Australia and Japan for S$298.3 million at an Ebitda (earnings before interest, taxes, depreciation and amortisation) yield of 5.1 per cent.

Ascott Residence Trust Management Limited (ARTML), the …