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Ascott Residence Trust (ASRT.SI)

ASRT.SI on Stock Exchange of Singapore

1.12SGD
25 May 2017
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Latest Key Developments (Source: Significant Developments)

Ascott Residence Trust announces appointment of Beh Siew Kim as chief executive officer
Monday, 24 Apr 2017 07:14pm EDT 

April 25 (Reuters) - Ascott Residence Trust :appointment of beh siew kim as chief executive officer and executive director of company.Resignation of tay boon hwee as chief executive officer and executive director of company.  Full Article

BRIEF-Ascott Residence Trust says revenue for 1Q 2017 grew 5 pct to S$111.3 mln
Friday, 21 Apr 2017 08:02am EDT 

Adds fourth bullet:Ascott Residence Trust's (Ascott REIT) revenue for 1Q 2017 grew 5% to S$111.3 million.1Q 2017 distribution per unit (DPU) was 1.51 cents.For a same-store comparison, DPU for 1Q 2017 would be 1.64 cents if it is adjusted to exclude Ascott REIT's equity placement in March 2016.Says Q1 adjusted DPU excludes its equity placement to fund Sheraton Tribeca New York Hotel acquisition & contribution from hotel.  Full Article

Ascott Residence Trust says revenue for 1Q 2017 grew 5 pct to S$111.3 million
Thursday, 20 Apr 2017 06:58pm EDT 

April 21 (Reuters) - Ascott Residence Trust :Ascott residence trust's (ascott reit) revenue for 1q 2017 grew 5% to s$111.3 million.1Q 2017 distribution per unit (dpu) was 1.51 cents.For a same-store comparison, dpu for 1q 2017 would be 1.64 cents if it is adjusted to exclude ascott reit's equity placement in march 2016.  Full Article

Capitaland's Ascott Residence Trust says divestment of properties in Japan
Thursday, 13 Apr 2017 07:46am EDT 

Capitaland Ltd : Unit entered into conditional sale and purchase agreements with Nikko Zenith GK9 and certain of its related corporations . Aggregate purchase consideration under sale and purchase agreements for tbi of properties is JPY12.0 billion . SPA to divest trust beneficiary interests of eighteen rental housing properties in tokyo, Japan under Zenith TMK's portfolio .Estimated net gain from sale is approximately JPY831 million.  Full Article

Ascott Residence Trust Management announces divestment of eighteen rental housing properties in Japan
Thursday, 13 Apr 2017 06:30am EDT 

Ascott Residence Trust Management Limited : Ascott REIT through its unit entered into conditional sale and purchase agreements with Nikko Zenith Gk9 and certain related corporations . Aggregate purchase consideration under sale and purchase agreements for TBI of properties is JPY12.0 billion .Net sale proceeds may be used for asset enhancement, funding potential acquisitions.  Full Article

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

More From Around the Web

BRIEF-Ascott Residence Trust announces appointment of Beh Siew Kim as chief executive officer

* appointment of beh siew kim as chief executive officer and executive director of company