Ascott Residence Trust (Ascott REIT)

SINGAPORE (April 21): The manager of Ascott Residence Trust (Ascott REIT) is declaring a DPU of 1.51 cents for 1Q17, 14% lower than the DPU of 1.75 cents a year ago.

SINGAPORE (April 4): The manager of Ascott Residence Trust announced its rights issue was 1.8 times subscribed.

SINGAPORE (March 8): UOB Kay Hian has downgraded its call on Ascott Residence Trust (Ascott REIT) to “hold” from “buy” previously, following Tuesday’s announcement of its $442.7 million rights issue to acquire Ascott Orchard Singapore, Citadines

SINGAPORE (March 7): Ascott Residence Trust has launched a fully underwritten renounceable rights issue to raise $442.7 million.

SINGAPORE (Sept 15): Daiwa Capital Markets is keeping its “outperform” rating on Ascott Residence Trust (Ascott REIT) with an unchanged target price of $1.24, amid “business as usual” for the REIT in the UK post-Brexit.