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Ascott Residence Trust (ASRT.SI)

ASRT.SI on Stock Exchange of Singapore

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24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Ascott Residence Trust announces launch of rights issue to raise gross proceeds of about S$442.7 million
Monday, 6 Mar 2017 08:36am EST 

Ascott Residence Trust :Ascott Residence Trust announces launch of rights issue to raise gross proceeds of approximately S$442.7 Million.  Full Article

Ascott Residence Trust announces proposed acquisition of interests in serviced residence properties in Germany
Monday, 6 Mar 2017 08:28am EST 

Ascott Residence Trust : Target acquisitions are expected, on a pro forma basis, to contribute an additional annual ebitda of s$5.5 million for financial year ended 31 december 2016 .Target acquisitions are expected, on a pro forma basis, to increase distributable income by s$3.5 million for financial year ended 31 december 2016.  Full Article

Capitaland announces proposed divestment of serviced residence properties to Ascott Residence Trust
Monday, 6 Mar 2017 08:25am EST 

Capitaland Limited : Proposed Divestment Of Serviced Residence Properties To Ascott Residence Trust . Announces divestment of serviced residence properties to dbs trustee limited, as trustee of ascott residence trust . Divests Citadines Michel Hamburg, Germany for a cash consideration of eur 29.7 million . Divests Citadines City Centre Frankfurt, Germany for a cash consideration of eur 35.7 million . Completion of proposed divestments is expected to take place in may 2017 . Proposed divestments not expected to have any material impact on nta of Capitaland Group for fy ending 31 dec 2017 . Hamburg divestment to be carried out by sale by vendor to purchaser of 94% equity interest in citadines investments b.v. . Frankfurt divestment to be carried out by sale by vendor to purchaser of 94% equity interest in Citadines (Netherlands) B.V. ("Cnbv") . Upon completion, cnbv and cibv will cease to be wholly owned subsidiaries of Capitaland .Completion of proposed divestments is expected to take place in May 2017.  Full Article

Ascott Residence Trust appoints of Beh Siew Kim as deputy CEO of Ascott Residence Trust Management Ltd
Wednesday, 22 Feb 2017 12:24am EST 

Ascott Residence Trust :Appointment of Beh Siew Kim as deputy chief executive officer of Ascott Residence Trust Management Limited.  Full Article

Ascott Residence Trust says Tan Beng Hai appointed as chairman of the board
Wednesday, 31 Aug 2016 05:15am EDT 

Ascott Residence Trust : Tan Beng Hai appointed as chairman of the board . Lim Jit Poh will cease to be chairman of the board .  Full Article

Ascott Residence Trust says Q2 gross profit gained 17% to S$57.9 mln
Wednesday, 20 Jul 2016 05:12am EDT 

Ascott Residence Trust : Management limited (second quarter and/ or half yearly results) . Q2 gross profit gained 17% to S$57.9 million . Qtrly revenue S$119.4 million versus S$98.7 million a year ago . Qtrly DPU 2.13 Singapore cents . "We expect an increase in leisure travellers if the pound continues to remain affordable" ."Performance of our other properties in Europe is also stable".  Full Article

Ascott Residence Trust says manager proposes to carry out a private placement
Monday, 14 Mar 2016 03:52am EDT 

Ascott Residence Trust:Manager is proposing to carry out a private placement of 94.8 million new units in Ascott reit.Placement to raise gross proceeds of no less than s$100.0 million.Manager has today entered into a placement agreement with Morgan Stanley Asia (Singapore) pte.  Full Article

Ascott Residence Trust announces acquisition of property in New York
Sunday, 13 Mar 2016 06:10pm EDT 

Ascott Residence Trust:Management limited (acquisition of a second property in New York, United States of America).Through its wholly owned subsidiary, entered into a conditional sale and purchase agreement.Deal for an aggregate purchase consideration of US$158.0 million.Deal to acquire the hotel property known as Sheraton Tribeca New York Hotel.Manager proposes to finance the total acquisition costs and purchase consideration relating to the acquisition with debt financing.Estimated total costs of the acquisition are approximately US$9.2 million.Proposes to finance total acquisition costs and purchase consideration relating to the acquisition with debt financing.  Full Article

Ascott Residence Trust announces divestment of six rental housing properties in Japan
Thursday, 3 Sep 2015 06:22am EDT 

Ascott Residence Trust:Divestment of six rental housing properties in Japan.Aggregate purchase consideration under the sale and purchase agreement for the tbi of the properties is JPY4,475 million.Sale is not expected to have any material impact on earnings per unit for FY ending 31 December 2015.Says net sale proceeds may be used for asset enhancement, capital expenditure, funding potential acquisitions.  Full Article

Ascott Residence Trust to pay distribution
Wednesday, 22 Jul 2015 05:11am EDT 

Ascott Residence Trust:Says distribution of S$ 0.00607 per unit for the period from 1 January 2015 to 30 June 2015.Payable on Aug 28.  Full Article

More From Around the Web

BRIEF-Ascott Residence Trust announces use of preceeds from S$442.7 million rights issue

* Proceeds will be used to partly fund Ascott Reit's acquisition of its first property in Frankfurt and its second in Hamburg from Ascott Limited