Ascott Residence Trust

Ascott Reit’s whirlwind merger to lead the global hospitality space

It took a matter of three days for the proposed S$1.2 billion merger between Ascott Residence Trust (ART) and Ascendas Hospitality Trust (A-HTrust) to be approved and unveiled to the public. The merger of the two Reits had been subject to much speculation since January after ART's parent, CapitaLand - one of Asia's largest real estate companies - announced its S$11 billion acquisition of...

Ascott Reit Q2 DPU flat at 1.84 cents; revenue up 6%

Ascott Residence Trust's distribution per unit (DPU) stayed flat at 1.84 cents for the second quarter ended June 30. If year-ago results were restated to account for a rights issue, through which 481.7 million units were issued on April 11 last year, DPU would have slipped 16 per cent from 2.18 cents. Unitholders' distribution fell 15 per cent to $39.8 million. Gross revenue for Q2 rose 6 per cent to...

Ascott Residence Trust reports 9% rise in DPU for Q4 2012

Ascott Residence Trust reports a nine per cent increase in distribution per unit (DPU) to two cents for Q4 2012, compared to the previous year. For the full year, DPU is 8.76 cents, representing a 6.4 per cent yield. Unit-holders distribution for the fourth quarter also increased 10 per cent to nearly S$23 million compared to a year ago. The REIT attributed better performance to contributions from...

Ascott Residence Trust’s Q4 DPU up 16% on-year

Ascott Residence Trust said its distribution per unit (DPU) for the fourth quarter was 2.16 cents. That is 16 per cent better than the 1.87 cents DPU declared over the same period a year ago. The DPU is also 17 per cent higher than the 1.84 Singapore cents forecast by the company in September 2010. Ascott said this is largely due to higher revenue in the October-to-December quarter, which is up by 58...

Ascott Reit allays DPU fears

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...

Almost $1b of luxury properties

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...

Ascott Residence to buy properties for $970m

Ascott Residence Trust, the serviced apartment operator partly owned by CapitaLand, said it will buy 28 properties in Europe and Asia from Ascott for $969.6 million. Ascott Residence will also sell its stake in a Beijing serviced residence property for $214 million to Ascott, it said in a statement to the Singapore exchange. The purchase will increase Ascott Residence’s asset size to $2.85 billion, it...

Ascott Residence Trust to up distribution per unit to 1.87 cents in Q2

Mainboard-listed Ascott Residence Trust has reported a slight increase in its distribution per unit in the second quarter. Its Q2 DPU came in at 1.87 cents, four per cent higher than the 1.79 cents DPU announced in the year-ago period. Distributable income rose five per cent on-year to S$11.5 million, while revenue was up three per cent on-year to S$44.4 million. Ascott attributes the increased revenue...

Ascott Residence Trust Q1 DPU down 6% to 1.66 cents

Mainboard-listed Ascott Residence Trust (ART) says its distribution per unit (DPU) fell 6 per cent on-year in the first quarter to 1.66 cents. This is lower than the 1.77 cents announced in the year-ago period. Unitholders' distribution also dropped by 5 per cent on-year to S$10.3 million. The fall in distribution came despite revenue rising 3 per cent on-year to S$43.5 million. ART says the drop in...

Ascott Residence Trust’s Q4 DPU up 11%

Ascott Residence Trust announced on Thursday that its distribution per unit (DPU) for the fourth quarter is 1.87 Singapore cents. That is 11 per cent better than the 1.69 cents DPU declared over the same period a year ago. Unitholders' distribution for the fourth quarter amounted to S$11.5 million, up 12 per cent on-year. The higher distribution in the fourth quarter came despite revenue falling 2 per...

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