Ascott Residence Trust (ART) will invest about JPY 10.4 billion[1] (S$125.0 million[2]) to acquire four rental housing properties and its first student accommodation property in Japan. The yield-accretive acquisitions are set to increase ART’s pro forma FY 2021 Distribution per Stapled Security by approximately 1.7%[3]. The average NOI yield[4] is expected to be about 4.0%. The five properties will be acquired on a turnkey basis from two different sellers on a willing buyer and willing seller basis. The transactions are expected to be completed between 1Q 2022 and 2Q 2023.
ASCOTT RESIDENCE TRUST RAISES 1H 2021 DISTRIBUTION PER STAPLED SECURITY BY 95% TO 2 05 CENTS THROUGH ACTIVE PORTFOLIO OPTIMISATION
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Ascott Residence Trust Raises 1h 2021 Distribution Per Stapled Security By 95% To 2 05 Cents Through Active Portfolio Optimisation
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ASCOTT AND ASCOTT RESIDENCE TRUST JOINTLY INVEST AND DEVELOP STUDENT ACCOMMODATION PROPERTY IN SOUTH CAROLINA, USA FOR US$109 9 MILLION
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