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their objective is to grow the no of rooms..
it oversold at the moment .. might bounce back
chengwh1 ( Date: 24-Mar-2016 17:13) Posted:
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Coming AGM s on Thursday, April 14. Perhaps investors should take this oportunity to ask the BOD on what their strategy is,... meaning why are their acquisitions detrimental to unitholders ?
Demonstrates Ascott REIT&rsquo s commitment to increase
scale in the highly demanded and hotly contested
hospitality market of Manhattan
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Ascott REIT will acquire the Property in the
developed market of the US at an attractive yield of
6.8%
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Exhibits Ascott REIT&rsquo s strong ability to seize market
opportunities and execute third
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party transactions
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Post acquisition, the US will make up 10% of Ascott
REIT&rsquo s total assets
ShowMeMoneyp ( Date: 16-Mar-2016 11:00) Posted:
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Share dilution 6%, dividend to increase by 1.5%.
why do they buy the property ???
not bad.. the 1.045 only hit for a while...
Lepin888 ( Date: 15-Mar-2016 16:01) Posted:
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Buy at 1.045 and sellat1.085
might be.. see whether can accrete ..
http://www.straitstimes.com/business/ascott-reit-buys-second-new-york-hotel-for-217m
issue new shares again...dilution effect
ShowMeMoneyp ( Date: 15-Mar-2016 09:36) Posted:
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Why drop so much today?
Any idea?
Look up Singapore reits/trusts. Check the yields comparable to Ascot reits and look up their historical performances. You can find some better ones.
ecekca ( Date: 25-Feb-2016 21:41) Posted:
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Weird that this did not run up much as compared to Cache/Cambridge.. Reckon pple are chasing for high yield...
Which one ? care to share ?
Agreed that hotel biz not doing well. (just have a tiny position for Long Term)
junction ( Date: 24-Feb-2016 22:16) Posted:
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Imho there are better reits than this one. More assets but also more shares issued. Hotel business not enjoying brisk business presently.
ecekca ( Date: 24-Feb-2016 21:55) Posted:
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DPU is only one of the factor when i assess it.. dun forget i getting an even better asset now as compared to 2011..
u try to see find other REIT to compare, i doubt they can perform as well..
chengwh1 ( Date: 24-Feb-2016 16:21) Posted:
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Ecekca,...throughout its history since listing, the seems Net Assets have increased, Gross Revenue has increased by 77% and Distributable Income has increased by 34%. But still the DPU has dropped, regardless of the number of shares having increased by 38%. I think REIT and Trust investors are very much for the DPU, aren' t they ? Investors would be concerned, right ??
ecekca ( Date: 19-Feb-2016 19:36) Posted:
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Y at this rating, stay away ?
antifragile ( Date: 21-Feb-2016 12:29) Posted:
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Baa3 rating, stay away.
will aim to buy at 1.080 again!
I see that they are growing which is good. their DPU is going back to level around 2011. But we also need to take note that the biz is hospitality (so DPU will flucuate due to uncertain short term income)
From 1Q 2011 to 4Q 2015
Net Asset from 1.487bio to 2.67mio
Gross Revenue from 67.31mio to 119.2mio (77% increase)
Distributable Income from 23.98mio to 32.1mio (34% increase)
DPU from 2.14 to 2.07 (DPU didn' t drop alot with their Europe Acquisition). The no of shares have increased 38% but DPU only drop by 3%.
chengwh1 ( Date: 19-Feb-2016 17:40) Posted:
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Ecekca,..the DPU trend is on a downward pattern,... please look at the analysis that I have done and posted-up in the related thread in Ascott Trust. Other forummers are of the opinion that the management of this trust is more keen on increasing asset size to 6Bil, and not on anything else, even if to the detriment of our DPU. This is not good.