Captaland Ascott Trust (former Ascott Residence Trust)

Re: Ascott Residence Trust

Postby peter » Mon Dec 27, 2010 10:14 pm

The company affected Ascott Limited may be a different company from Ascott reit.
No such news on Ascott reit in SGX.
peter
Loafer
 
Posts: 86
Joined: Thu May 22, 2008 2:50 pm

Re: Ascott Residence Trust

Postby winston » Fri Jan 21, 2011 8:34 am

Not vested

ASCOTT RESIDENCE TRUST - Ascott Residence Trust said on Friday its fourth-quarter distribution per unit rose 16 percent year-on-year to S$2.16.

Revenue increased 58 percent to S$72.8 million, helped by the additional revenue from 28 properties injected into the firm's portfolio.


Source: Reuters
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118541
Joined: Wed May 07, 2008 9:28 am

Re: Ascott Residence Trust

Postby winston » Thu Apr 21, 2011 9:01 am

Not vested

ASCOTT RESIDENCE TRUST - Singapore's Ascott Residence Trust said on Wednesday its first quarter distribution per unit rose 29 percent year-on-year to 2.14 Singapore cents, helped by additional revenue from the 28 properties it acquired in October last year.

Source: Reuters
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118541
Joined: Wed May 07, 2008 9:28 am

Re: Ascott Residence Trust

Postby winston » Mon Jun 06, 2011 9:23 am

Not vested

What we recommend

We maintain our Outperform (2) rating. Having visited the properties in Paris and London, some of which were undergoing refurbishment, we have more confidence that they are viable, competitive, and able to support modest gross-profit growth.

Overall, we believe ART is a standout for the above-average distribution-per-unit (DPU) yield and resilient DPU growth we expect from it for 2011-13.

The units are trading currently at a 7% discount to its NAV as at 31 March 2011.

We have not changed our six-month target price of S$1.44, pegged to our RNG valuation, a finite-life Gordon Growth Model.

In our view, the biggest risks to our rating and target price would be deterioration in the global economic outlook and a sharp slowdown in business activity in Asia and Europe, ART’s major markets.

Source: Daiwa
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118541
Joined: Wed May 07, 2008 9:28 am

Re: Ascott Residence Trust

Postby winston » Tue Jun 07, 2011 2:59 pm

Not vested

Ascott REIT’s serviced residences in Paris/London (which account for 76% of European asset portfolio) are strategically positioned in key business districts or major tourists attractions in London and Paris with good access to public transportation.

Ascott REIT is tapping the low hanging fruits, with planned refurbishment exercise to underpin earnings growth for its European portfolio.

Maintain BUY and S$1.38 TP. Ascott REIT continues to offer an attractive above sector average FY11-12F yield of c7.0%-7.1%.

Source: DBS
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118541
Joined: Wed May 07, 2008 9:28 am

Re: Ascott Residence Trust

Postby winston » Wed Sep 14, 2011 8:20 am

not vested

Singapore's CapitaLand said on Wednesday its serviced residence unit Ascott has opened the 187-unit Somerset Greenways Chennai in India.

Ascott targets to have a total of 4,000 units in the country by 2015, up from its current 1,400 units, it said.

Source: Reuters
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118541
Joined: Wed May 07, 2008 9:28 am

Re: Ascott Residence Trust

Postby winston » Mon Nov 28, 2011 11:03 am

not vested

We downgrade Ascott Residence Trust to Hold from Buy with TP lower to $1.13 from $1.34 on potential downside risk in the event of a worsening European crisis because 42% of its assets are in Europe.

We see minimal impact to earnings from its sales and purchase agreement to acquire a 60% interest in the 160-unit Citadines Shinjuku Tokyo from Mitsubishi Estate.

Instead, we see declining business travel especially in/from Europe likely to limit opportunities to raise rates.

However, close to 45% of its earnings are contributed by master leases (to Ascott Limited) / minimum income guarantee structures, which offer downside protection.

The stock offers 8.6% yield.

Source: DBS
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118541
Joined: Wed May 07, 2008 9:28 am

Re: Ascott Residence Trust

Postby winston » Fri Jan 20, 2012 10:42 am

not vested

Ascott Residence Trust, which owns serviced apartments in Europe and Asia, posted a 15 percent fall in its fourth-quarter distribution per unit to 1.83 Singapore cents from a year earlier, hurt by higher expenses and finance costs.

Source: Reuters
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118541
Joined: Wed May 07, 2008 9:28 am

Re: Ascott Residence Trust

Postby winston » Fri Jan 27, 2012 10:12 am

not vested

The manager of Singapore's Ascott Residence Trust said on Friday it has sold a property known as Somerset Gordon Heights Melbourne in Australia for A$11.7 million ($12.5 million).


Source: Reuters
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118541
Joined: Wed May 07, 2008 9:28 am

Re: Ascott Residence Trust

Postby winston » Thu Apr 26, 2012 9:07 am

Not vested

Ascott Residence Trust, which owns serviced apartments, said its first quarter distribution per unit was 2.14 Singapore cents, unchanged from a year ago.

Its revenue rose 6 percent to S$71.6 million, mainly due to contributions from a Japanese property acquired in December.


Source: Reuters
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118541
Joined: Wed May 07, 2008 9:28 am

PreviousNext

Return to C to D

Who is online

Users browsing this forum: No registered users and 8 guests