ascott residence trust
CEO of Ascott Residence Trust’s managers to be redesignated in leadership renewal
BEH Siew Kim, chief executive and executive director of the managers of Ascott Residence Trust (ART), will relinquish her position from Jul 1 (Friday) to assume another senior management role within C...
Brokers’ take: CGS-CIMB raises target on Ascott Residence Trust on yield-accretive acquisition proposal
THE recent proposed acquisition of 9 overseas properties is expected to raise the Ascott Residence Trust (ART)‘s distribution per share (DPS) by 1.1 per cent to 5.9 per cent from FY2022 to FY2024, if ...
Ascott Residence Trust’s private placement closes at S$1.12 per stapled security
ASCOTT Residence Trust (ART) has closed its private placement at S$1.12 per stapled security to raise S$170 million, the stapled hospitality group’s managers announced on Tuesday (Aug 16) before the m...
Ascott Trust plans to buy 9 overseas properties; launches private placement to raise S$150m
ASCOTT Residence Trust (ART) on Monday (Aug 15) proposed the acquisition of 9 serviced residences, rental housing and student accommodation properties from its sponsor, The Ascott Limited, across 5 ma...
Brokers’ take: Maybank raises Ascott Residence Trust target price on revenue recovery
MAYBANK has raised its target price for Ascott Residence Trust (ART) to S$1.40, from S$1.30, on expectations of strong revenue recovery in the second half of the year. It has a ‘buy’ call on the count...
Ascott Residence Trust H1 DPS up 14% on boost from travel recovery
THE return of global travel has lifted the fortunes of Ascott Residence Trust (ART), as it recorded a 14 per cent rise in distribution per stapled security (DPS) to S$0.0233 for H1 ended June.
Park Hotel Management director sued over series of fund transfers at subsidiary Park Hotel CQ
Park Hotel CQ (PHCQ), along with its liquidators, have filed a lawsuit against Park Hotel Management (PHMPL) director, Allen Law Ching Hung, over some S$6.5 million in funds that were transferred out ...
Moody’s changes outlook on ART, FHT to stable; affirms Baa3 ratings
MOODY'S Investors Service has changed its outlook on Ascott Residence Trust (ART) and Frasers Hospitality Trust (FHT) to “stable” from “negative” while affirming its Baa3 rating for both trusts.
Ascott Residence Trust Q1 RevPAU up 22% on higher average daily rates, occupancy
HOSPITALITY trust Ascott Residence Trust (ART) said its portfolio revenue per available unit (RevPAU) rose 22 per cent on year to S$67 for its first quarter ended March, from S$55 a year ago.
Ascott targets 150 lyf co-living properties by 2030
CAPITALAND Investment Limited 9CI 's (CLI) unit The Ascott has set a target to sign 150 properties with over 30,000 units under its lyf co-living brand by 2030, the mainboard-listed property manager a...
