“ART’s 1HFY2022 ended June distribution per unit (DPU) came in at 2.33 cents which was 13.7% y-o-y, in-line with our expectations,” says Chu.
Analysts are positive on Ascott Residence Trust (ART) and foresee steady growth ahead for 2HFY2022 on the back of strong pent-up demand from both leisure and corporate travel.
OCBC Investment Research analyst Chu Peng has kept her “buy” rating on ART with a lowered fair value estimate to $1.29 from $1.30, the only one to do so among the three brokerages featured here.
