Ascott Residence Trust (ART)

SINGAPORE (Sept 26): Fitch Ratings has assigned Ascott Residence Trust (ART) a long-term issuer default rating (IDR) of ‘BBB’ with a stable outlook.

SINGAPORE (Aug 17): The manager of Ascott Residence Trust (ART), Ascott Residence Trust Management, says the REIT’s acquisition of DoubleTree by Hilton New York – Times Square South in New York, US, has been completed.

SINGAPORE (July 4): OCBC continues to remain “neutral” on Singapore’s hospitality sector given the recent compression in yields, while highlighting OUE Hospitality Trust (OUEHT) as its top and only “buy” pick with a fair value estimate of 75 cen

SINGAPORE (July 4): DBS Group Research says Ascott Residence Trust’s (ART) divestment of two serviced residence properties in China – Citadines Biyun Shanghai and Citadines Gaoxin Xi’an – are consistent with its growth strategy.

SINGAPORE (July 3): Ascott Residence Trust has entered into two conditional agreements to divest its interests in two serviced residence properties in China – Citadines Biyun Shanghai and Citadines Gaoxin Xi’an – for a total consideration of RMB 980

SINGAPORE (June 5): UOB Kay Hian is maintaining its “hold” on Ascott Residence Trust (ART) after the REIT announced its third New York hotel acquisition.

SINGAPORE (May 31): Ascott Residence Trust (ART) is acquiring DoubleTree by Hilton Hotel New York – Times Square South for US$106 million ($148.4 million), a 224-unit freehold property located on 36th Street in Midtown Manhattan.

SINGAPORE (May 30): A delay in the expected launch of several hotels in the second quarter could help give hospitality REITs some breathing room amid declining revenue per available room (RevPAR), OCBC Investment Research says.

SINGAPORE (April 17): UOB Kay Hian is reiterating its “hold” recommendation on Ascott Residence Trust (ART) at a target price of $1.20 following news of the trust’s agreement made last week to divest its trust beneficiary interests of 18 rental hous

SINGAPORE (April 13): Ascott Residence Trust (ART), through its wholly-owned subsidiary Zenith Residences Tokyo Tokutei Mokuteki Kaisha (Zenith TMK), has agreed to divest its trust beneficiary interests (TBI) of 18 rental housing properties under Zenith T