Ascott Residence Trust, Mitsubishi Estate Logistics REIT soar on FTSE EPRA NAREIT index inclusion
Singapore-listed Ascott Residence Trust (ART), and Japan-listed Mitsubishi Estate Logistics (MEL) REIT will be included in the FTSE EPRA NAREIT…
Facing COVID-19 distress, Ascott REIT skips first call on SGD250 million perps
In a bid to diversify its funding sources, Ascott Residence Trust (Ascott REIT) has decided to forego the first call…
Ascott REIT less vulnerable to virus disruptions, says credit agency
The COVID-19 outbreak is severely affecting the travel and hospitality industries, but Ascott REIT is less vulnerable when compared to…
Frasers Hospitality, Ascott REITs sees ratings downgrades amid travel lockdowns
Amid the ongoing travel lockdowns across many countries, the ratings or outlooks on Frasers Hospitality Trust and Ascott REIT have…
CDL Hospitality Trust acquires W Hotel for SGD324 million
CDL Hospitality Trust (CDLHT) has announced the acquisition of W Hotel in Sentosa Cove, as part of a transaction to…
Ascott REIT divests Somerset West Lake Hanoi
Ascott Residence Trust (Ascott REIT) has divested its stake in a serviced residence property known as Somerset West Lake Hanoi…
Singapore hospitality REITs see mixed fortunes in 3Q amid disparate economic conditions
Several Singapore-listed hospitality REITs and trusts reported a mixed bag of earnings results on 30 October, amid the vastly disparate…
RevPAR improvements bode well for long-marginalised hospitality REITs
After years of tepid growth in distributions, a reprieve may soon be on the cards for Singapore-listed hospitality REITs, especially…
Ascott REIT prices SGD150 million in perpetual securities
Ascott REIT has priced SGD150 million in aggregate principal amount of fixed rate perpetual securities. The securities will be issued…
Ascott REIT records 8% rise in DPU for 2Q
Ascott Residence Trust (Ascott REIT) has reported an on-year distribution per unit (DPU) growth of 8% for its 2Q 2019,…