Ascott Residence Trust (ART)

ART says it is expected to realise total estimated net gains of some $23.2 million from the sales.

DBS Group Research analyst Derek Tan has maintained his “buy” call on Ascott Residence Trust (ART) with a target price of $1.10 following its profit guidance on Monday.

The manager of Ascott Residence Trust (ART) says it is expecting its financial performance to be “adversely impacted” for 1H20 due to the global travel restrictions brought about by the Covid-19 pandemic.

PhillipCapital analyst Timothy Ang also recommends an “overweight” call on ART’s 3.07% perpetual bond, as “it looks interesting on the Ascott curve after resetting”.

CGS-CIMB analysts Eing Kar Mei and Lock Mun Yee believe hospitality REITs in Singapore are “heading for a good start”.

The FTSE EPRA Nareit Global Real Estate Index Series is an international real estate investment index that is seen as the leading benchmark for listed real estate investments. The index is designed to track the performance of listed real estate companies.

SINGAPORE (June 1): As Singapore begins to ease the circuit breaker (CB) measures starting with Phase 1 on June 2, several stocks and real estate investment trusts (REITs) could emerge as beneficiaries.

More companies in danger of default given higher leverage, weaker balance sheets and greater risk of liquidity crunch amid the pandemic

The hospitality sector continues to be the worst performing sector. Despite their pedigree, CDL Hospitality Trusts (CDL-HT) and Ascott Residence Trust (ART) ranked among the REITs with the highest yields (see chart 1), based on their historic DPUs. REITs

“The recent collapse in the share price due to the uncertainty caused by the Novel Coronavirus presents a good entry price, in our opinion,” says Phillip Securities Research analyst Natalie Ong.