Accordia Golf Trust (AGT)

“We must highlight there is a risk that the final payout to unitholders might be lower than 75 cents if there are claims from the sponsor, but we believe this risk is minimal,” KGI analyst Joel Ng writes in a note dated Aug 20.

AGT says the performance of the portfolio golf courses showed a “significant” decline in 1Q20 due to the state of emergency declared in Japan to control the Covid-19 outbreak.

The manager of Accordia Golf Trust (AGT) says the business is likely to experience a potentially “long-drawn recovery process” from the Covid-19 outbreak, says CGS-CIMB analyst William Tng in a non-rated report dated June 29.

The manager of Accordia Golf Trust (AGT) announced that it has entered into a conditional agreement to fully divest its interests in its 88 Japan golf courses to Accordia Golf for a total cash consideration of JPY 61.8 billion ($804.1 million).

SINGAPORE (May 28): Accordia Golf Trust, the business trust consisting of golf course assets in Japan, has declared a 39% lower distribution of 2.20 cents for the 1H18 compared to the distribution of 3.59 cents in 1H17.

SINGAPORE (Apr 20): The manager of Accordia Golf Trust shouldn't have much problem maintaining or raising prices of its golf courses in Nagoya, says CIMB in a Thursday non-rated report.

SINGAPORE (Feb 13): The manager of Accordia Golf Trust, the business trust comprising investments in golf course assets in Japan, reported 3Q17 DPU of 1.70 cents, down 18.7% from 2.09 cents a year ago in 3Q16.

SINGAPORE (May 25): The trustee-manager of Accordia Golf Trust posted a distribution per unit (DPU) of 4.71 yen (6.04 cents) for the full year ended March, 14% lower than the DPU of 5.50 yen a year ago.

SINGAPORE (Sept 9): Whether Accordia Golf Trust (AGT) could earn a re-rating may depend on whether its accretive acquisitions materialise as planned, says CIMB Research in a Thursday report.