Yield-accretive acquisition of the nine properties is expected to enhance ART’s income resilience and consolidate its position as Asia-Pacific’s largest hospitality trust
Ascott Residence Trust is proposing to acquire nine quality serviced residences, rental housing, student accommodation properties across five countries
Ascott Residence Trust (ART) is proposing to acquire nine quality serviced residences, rental housing and student accommodation properties across five countries from its sponsor, The Ascott Limited. At an estimated total capitalised cost of S$318.3 million[1], the yield-accretive acquisition is set to increase ART’s distribution by S$9.2 million and its pro forma FY 2021 Distribution per Stapled Security by 2.8%[2].
Ascott Residence Trust reports strong recovery breakingtravelnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from breakingtravelnews.com Daily Mail and Mail on Sunday newspapers.
Ascott Residence Trust achieves strong recovery with highest growth in quarterly revenue per available unit of 85% in 2Q 2022 hospitalitynet.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hospitalitynet.org Daily Mail and Mail on Sunday newspapers.