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Ascott Residence Trust (ART)
Results
Ascott Residence Trust reports 52% lower DPS of 1.99 cents for 2H20 on lower revenue, gross profit
Distributions will be payable on Feb 26.
January 27, 2021
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.
January 15, 2021
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
January 14, 2021
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.
December 17, 2020
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.
November 09, 2020
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.
October 30, 2020
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.
October 20, 2020
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.
September 14, 2020
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.
July 30, 2020
Results
Ascott Residence Trust posts 69% dip in 1H20 DPS of 1.05 cents
Distributions will be paid out on August 28.
July 28, 2020