Ascott Residence Trust (ART)

Ascott Residence Trust says FY2020 DPU expected to reduce by 60-70% from 7.61 cents in 2019 - THE EDGE SINGAPORE

Results

Ascott Residence Trust says FY2020 DPU expected to reduce by 60-70% from 7.61 cents in 2019

ART’s income available for distribution, similarly, is expected to decline by 40-50% from the $165.5 million in FY2019.

Sustainability

Ascott Residence Trust obtains $50 mil green loan from DBS, becomes first hospitality trust in Singapore to do so

Proceeds from the green loan will be used to fund ART’s maiden development project and co-living property, lyf one-north Singapore
Selected REITs set to outperform as Singapore enters Phase 3: OCBC - THE EDGE SINGAPORE

Broker's Calls

Selected REITs set to outperform as Singapore enters Phase 3: OCBC

OCBC says the REITs – in what the brokerage terms as the “Recovery S-REITs basket” – will be able to outperform in the near term.
Analysts mixed on Ascott Residence Trust on q-o-q RevPAU recovery in 3Q - THE EDGE SINGAPORE

Broker's Calls

Analysts mixed on Ascott Residence Trust on q-o-q RevPAU recovery in 3Q

Maybank Kim Eng has rated "buy" on ART while UOB Kay Hian has maintained its "hold" call.
Ascott Residence Trust reports gradual pick up in recovery in 3Q business update - THE EDGE SINGAPORE

Results

Ascott Residence Trust reports gradual pick up in recovery in 3Q business update

Average portfolio occupancy for 3QFY2020 stood at 40%, up 10 percentage points from the 30% in 2QFY2020.
Frasers Hospitality Trust to be impacted by lockdowns, upcoming results a yardstick for S-REITS: DBS - THE EDGE SINGAPORE

Broker's Calls

Frasers Hospitality Trust to be impacted by lockdowns, upcoming results a yardstick for S-REITS: DBS

FHT is expected to report valuations in September. This will provide a possible yardstick for other hotel S-REITs' results.

Broker's Calls

PhillipCapital maintains 'overweight' on S-REITs on continuing acquisition momentum

In September, the FTSE S-REIT Index gained 1.8% m-o-m, with the strongest gains observed from the hospitality subsector.

Investing ideas

It's a buy for Ascott Residences Trust, despite the lower earnings for 1H2020

Analysts remain optimistic on Ascott Residence Trust (ART), in spite of its “weaker-than-expected” performance for 1H2020 ended June 30.

Results

Ascott Residence Trust posts 69% dip in 1H20 DPS of 1.05 cents

Distributions will be paid out on August 28.
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