Ascott Residence Trust (Ascott Reit) has entered into a conditional sale and purchase agreement to buy a 60 percent stake in the 124-unit Citadines Karasuma-Gojo Kyoto (Citadines Kyoto) from Mitsubishi Estate Co Ltd and Citadines Ippan Shadan Hojin for S$19.0 million. The balance 40 percent interest is held by The Ascott Limited. The acquisition will be wholly funded by borrowings. Following this...
Ascott Reit
Ascott Residence Trust (Ascott Reit) has announced a distribution per unit of 8.53 cents for the full year in 2011. That is up by 13 per cent on-year, better than its own forecast. Revenue meanwhile increased by 39 per cent on-year to S$288.7 million. Ascott Reit said the better results were mainly due to strong performance of its properties. Despite the cloudy outlook for this year, it remains...
Ascott Residence Trust said its distribution per unit rose 29 per cent to 2.14 Singapore cents in the first quarter. That is mainly due to contributions from the 28 properties acquired by Ascott Reit last year. The real estate investment trust said that revenue for the first quarter climbed 55 per cent to S$67.3 million. It expects to deliver the forecast distribution of 7.74 Singapore cents for the...
Ascott Residence Trust (Ascott Reit) on Friday said its its third-quarter distribution per unit (DPU) dipped 4 per cent on-year to 1.85 Singapore cents. This is compared to 1.92 Singapore cents for the same period a year ago. Ascott Reit said this is due to the some 420 million new units issued in September this year to fund the acquisition of 28 properties in Asia and Europe. It added that excluding...
Ascott Residence Trust said its unitholders approved its plans to expand its portfolio in Asia and Europe, as it allayed fears of minority shareholders over dilution and a drop in distribution per unit (DPU) from the issuance of new units. In an extra-ordinary general meeting yesterday, unitholders gave the go ahead for Ascott Reit's plans to acquire two properties in Singapore and Vietnam, as well as 26...
Ascott Reit acquisitions make it 6th-largest property trust in S'pore Ascott Residence Trust (Ascott Reit) is acquiring 28 properties from its sponsor and 48-per-cent shareholder, The Ascott, for $969.6 million to become the sixth-largest property trust in Singapore in terms of assets. In turn, The Ascott will buy a serviced apartment building, Ascott Beijing, from Ascott Reit for $214 million, to...
CapitaLand said its Ascott Residence Trust or Ascott REIT has entered into an agreement to sell a rental housing property, Country Woods, in Jakarta for S$33.9 million. It said this is the highest price submitted in a competitive bidding process and is 60 per cent above the property's valuation as at June 30. It added that Ascott REIT is expected to enjoy an estimated net gain of S$5.7 million from the...
Ascott Residence Trust (Ascott REIT) says it achieved a unitholders’ distribution of $11.8 million and DPU of 1.92 cents for the quarter ended Sept 30, 2009. Ascott REIT’s annualised distribution yield is 6.7% based on the closing price of $1.09 per unit on October 27, 2009. Lim Jit Poh, Ascott Residence Trust Management Limited’s (ARTML) Chairman, says: “The severe challenges posed by the global...
Ascott Residence Trust (Ascott Reit) achieved a unitholders' distribution of S$15.86 million for the third quarter of 2008. This is a 32 per cent increase compared to the same period in 2007. In a statement, Ascott says distribution per unit (DPU) for the quarter ended September 30, 2008, is 2.61 cents, a 31 per cent year-on-year increase. Ascott Reit posted strong operating performance for the third...