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REITs
CLAS enters into IPTs including the renewal of serviced residence management agreements
As at Oct 3, the total value of all the IPTs entered into between CLAS, CLI and its subsidiaries is at $520.4 million.
October 03, 2022
REITs
Ascendas REIT, Ascott Residence Trust and Ascendas India Trust undergo name changes
A-REIT, ART and a-iTrust will be known by their new names from Sept 27.
September 27, 2022
Broker's Calls
'Buy' Asia-Pacific's 'largest hospitality REIT' after acquisitions in five markets: UOB Kay Hian
"The acquisition is accretive to 2021 DPU by 2.8%."
September 26, 2022
Broker's Calls
OCBC sees stronger recovery in 2H2022 happening for hospitality sector; China’s reopening a 'key catalyst'
ART remains OCBC's top pick; the brokerage has kept its "buy" call with a fair value estimate of $1.29.
September 21, 2022
Broker's Calls
Some office and retail S-REITs could rebound, but expect a 'fear of recession' ahead: DBS
“Despite reopening plays doing well year-to-date, up 10%, we believe the hospitality and office sectors will continue to shine.”
August 29, 2022
REITs
ART stabilises portfolio with more long-stay properties
Ascott Residence Trust opts for stabilised DPS with acquisition focusing on long stay assets
August 18, 2022
REITs
Travel appetite expected to fuel RevPAR recovery
Analysts believe that it's upwards from here for the hospitality REITs.
August 18, 2022
Property
Ascott Residence Trust to acquire $318.3 mil of assets in Australia, France, Japan, US and Vietnam
The acquisition is said to be accretive to ART’s yield and will increase its distribution by $9.2 million.
August 15, 2022
New appointments
ART promotes deputy CEO Serena Teo to CEO
Teo's appointment as CEO and executive non-independent director is part of the regular succession and leadership renewal process.
June 30, 2022
Broker's Calls
Hospitality S-REITs with US exposures expected to post strong operating results in 1HFY2022: DBS
The analysts from DBS have given both ARAHT and ART "buy" calls with TPs of 70 US cents and $1.40 respectively.
June 16, 2022