Singapore’s plans to allow more quarantine-free travel will “breathe life” into travel-related stocks, including retail and hospitality REITs and aviation plays, DBS said.
Ascott Residence Trust
CapitaLand Investment’s lodging unit Ascott said Thursday its portfolio of lyf branded co-living properties would reach 17 by 2025.
Singapore companies which may be in focus Thursday, 22 Sept. 2021: Keppel, Cromwell European REIT, Keppel Pacific Oak US REIT, Ascott Residence Trust, Riverstone, Penguin, Alliance Healthcare, Sakae, Thakral, ACROMEC and Aspen.
Singapore companies which may be in focus Friday, 10 Sept. 2021: CapitaLand, SGX, Cromwell European REIT, Lendlease Global Commercial REIT, Del Monte Pacific, Raffles Infrastructure, OxPay Financial, OIO Holdings, Chemical Industries (Far East), VCPlus, Lasseters International, Zhongming Baihui Retail Group and Abundance International.
Ascott Residence Trust priced its private placement at S$0.983 a stapled security, the bottom of the S$0.983 to S$1.014 indicative range.
Singapore companies which may be in focus Thursday, 9 Sept. 2021: Libra, Alliance Healthcare, NutryFarm, Mapletree North Asia Commercial Trust, NeraTel, Miyoshi, Acesian Partners, Metech and Koon Holdings.
Ascott Residence Trust plans a private placement to raise S$150M, with some proceeds earmarked to fund a Texas acquisition.
Ascott Residence Trust has agreed to acquire a 1,005-bed student accommodation asset in Texas for US$70M, the trust said Thursday.
Singapore companies which may be in focus Monday, 30 August 2021: Hong Leong Asia, BRC Asia, Keppel REIT, Keppel DC REIT, Ascott Residence Trust, Elite Commercial REIT, ESR-REIT, Silverlake Axis, Raffles Infrastructure and Abterra.
Ascott Residence Trust took possession of the property at Singapore’s 1 Unity St. as the tenant, Park Hotel CQ, failed to pay its outstanding amounts.
Daiwa downgraded Ascott Residence Trust to Outperform from Buy after first half results missed forecasts on a slower-than-expected recovery.
Singapore companies which may be in focus on Tuesday, 27 July 2021: CDL Hospitality Trusts, Keppel DC REIT, KORE, LMIRT and ST Engineering.