The Business Times

ascott residence trust

Companies & Markets

CEO of Ascott Residence Trust’s managers to be redesignated in leadership renewal

About 92 per cent of ART's acquisition portfolio’s gross income comes from stable sources stemming from the extended-stay assets, such as its US student accomodation asset, said CGS-CIMB analyst Lock Mun Yee.
Companies & Markets

Brokers’ take: CGS-CIMB raises target on Ascott Residence Trust on yield-accretive acquisition proposal

One of the assets ART plans to acquire, La Clef Tour Eiffel Paris
Reits & Property

Ascott Residence Trust’s private placement closes at S$1.12 per stapled security

One of the assets, La Clef Tour Eiffel Paris, has an occupancy rate of 80 per cent.
Reits & Property

Ascott Trust plans to buy 9 overseas properties; launches private placement to raise S$150m

ART enjoyed greater contributions from its expanded portfolio of longer-stay assets, comprising student accommodation and rental -housing properties, and the newly-opened lyf property at One-North.
Companies & Markets

Brokers’ take: Maybank raises Ascott Residence Trust target price on revenue recovery

ART enjoyed greater contributions from its expanded portfolio of longer-stay assets, comprising student accommodation and rental housing properties, and the newly-opened lyf property at One-North.
Companies & Markets

Ascott Residence Trust H1 DPS up 14% on boost from travel recovery

On Nov 19, 2021, the High Court ruled that PHCQ could be wound up after it was unable to pay its debts amounting to some S$6.3 million.
Property

Park Hotel Management director sued over series of fund transfers at subsidiary Park Hotel CQ

The credit ratings agency expects ART’s credit metrics to improve as leisure and business travel resumes.
Companies & Markets

Moody’s changes outlook on ART, FHT to stable; affirms Baa3 ratings

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 Mar 31, 2022, from S$55 a year ago.
Companies & Markets

Ascott Residence Trust Q1 RevPAU up 22% on higher average daily rates, occupancy

Ascott targets 150 lyf co-living properties by 2030
Property

Ascott targets 150 lyf co-living properties by 2030

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