Ascott REIT   

Ascott Buy or Sell

Surprise nobody comment on this sleeping giant at all after the big news?

 

CapitaLand to merge Ascott Reit, Ascendas unit to form Asia-Pac' s largest hospitality trust
WED, JUL 03, 2019 - 9:04 AM
  UPDATED WED, JUL 03, 2019 - 9:47 AM

CAPITALAND will combine Ascott Residence Trust (Ascott Reit) and Ascendas Hospitality Trust (A-HTrust) to make the  largest hospitality trust in the Asia-Pacific  and the eighth biggest  globally, with a total  asset value of S$7.6 billion.

The combined entity will  also be the seventh largest trust  listed on the Singapore Exchange by asset value, both Reits said in a bourse filing on Wednesday.

The merger creates an enlarged portfolio of 88 properties with more than 16,000 units in 39 cities and 15 countries across Asia-Pacific, Europe and the US.

It will also diversify Ascott Reit& rsquo s global portfolio and give it access to the cities of Brisbane and Seoul.

" With access to a larger capital base and a higher debt headroom of about S$1 billion, we will have greater financial flexibility to seek more accretive acquisitions and value enhancements," said  Bob Tan, Ascott Residence Trust Management Limited& rsquo s chairman.

" The combined entity can then be strategically positioned to potentially enjoy a positive re-rating of the unit price and gain a wider investor base, which would be beneficial to all our unitholders."    

The consideration for the proposed merger is about S$1.2 billion, comprising S$61.8 million in cash and 902.8 million new units of the new enlarged entity, Ascott Reit-BT.

Through a trust scheme of arrangement, Ascott Reit will acquire all A-HTrust units for S$1.0868 per  unit, comprising S$0.0543 in cash and 0.7942 Ascott Reit-BT units issued at a price of S$1.30.

CapitaLand owns  about 45 per cent and 28 per cent of units in Ascott Reit and A-HTrust  respectively.

Once the merger deal is completed, CapitaLand expects to have a 40.2 per cent stake in Ascott Reit-BT.

Ascott Reit will create a new entity called Ascott Hospitality Business Trust (Ascott BT), with all of  Ascott Reit' s units combined with Ascott BT units to form a stapled trust, Ascott Reit-BT.

A-HTrust becomes an unstapled trust, with Ascott Reit acquiring all  A-HTrust Reit units and Ascott BT acquiring all A-HTrust BT units.

A-HTrust will delist following the merger.

https://www.businesstimes.com.sg/companies-markets/capitaland-to-merge-ascott-reit-ascendas-unit-to-form-asia-pacs-largest

 

Halted.

 

https://sginvestors.io/sgx/reit/a68u-ascott-reit/target-price

Resilient Investment

Kim Eng - Dividend Stock 
 

TANPK123      ( Date: 18-Apr-2019 18:53) Posted: any recommend?

 

any recommend?

 

Ascott reit 1H18 dpu 3.19cts. Currently trade at 1.13- 1.15

Singapore, 24 July 2018 &ndash Ascott Residence Trust&rsquo s (Ascott Reit) 2Q 2018 revenue grew 6% year-on-year to S$130.5 million, lifted by its acquisitions in 2017. Gross profit increased 7% to S$63.1 million due to higher revenue. Revenue per available unit (RevPAU) rose 6% to S$155 on the back of stronger demand and operating performance for Ascott Reit&rsquo s properties in markets such as Belgium, China and the United Kingdom.

Unitholders&rsquo distribution for the quarter was S$39.8 million. Distribution per unit (DPU) remained at 1.84 cents, the same as that of 2Q 2017. DPU for 2Q 2018 would have increased 13% if one-off item for 2Q 2017 was excluded. The one-off item was a realised exchange gain of S$11.9 million arising from the repayment of foreign currency bank loans with the proceeds from Ascott Reit&rsquo s rights issue1 and completion of divestments of 18 rental housing properties in Tokyo.

Ascott Reit&rsquo s higher revenue and gross profit in 2Q 2018 resulted from its 2017 acquisitions of quality assets &ndash Ascott Orchard Singapore, Citadines City Centre Frankfurt and Citadines Michel Hamburg with master leases that provide income stability, and DoubleTree by Hilton Hotel New York &ndash Times Square South which continues to see strong demand. 

 

Ascott reit trading at lower range. Noticed that it has strong support at 1.1 - 1.12

Semi annual distribution coming. Also some reports mentioned that 2Q income will be better.

Picked up some at 1.09.

 

The brand and Pedigree is good but the DPU is bad. How to justify the share price?

 

Is Capital land still a mojor shareholder ?

 

Been a nice steady riser since its low back in March. Not certain if got much more legs but nice and steady keeping capital content.

 

URA announced today, min rental period for private properties in now revised to 3 months.

 

Watch for turnaround play in Singapore REIT hospitality sector

http://mystocksinvesting.com/singapore-reits/hospitality-sector/singapore-reit-hospitality-sector-watch-for-turnaround-play/

 

Target of 1.02 to bottom
 

 

bro, so what your target price it will bottom?

laksaman57      ( Date: 10-Mar-2017 09:38) Posted: Post XR price should fall once FED rate hike the rate

 

Post XR price should fall once FED rate hike the rate

 

Ascot pple are smart , that why they do the rights before interest rate

Well done Ascot!!! and guess that OUE Comm Reit follows suit by doing placement to reduce debt

laksaman57      ( Date: 09-Mar-2017 12:21) Posted: FED rate going to rise, so better issue right while share price is at its high. Once rate hike declared, price fall mean right's pricing also fall.

 

sort of agree with you

1.05 or below , a fair value .. above that it costly before they call for rights

paul1688      ( Date: 09-Mar-2017 10:22) Posted: It could be because after the Rights announcement, at least 2 analysts (OCBC and CIMB) downgraded ART while I think DBSV maintained a Buy but lowered the cum rights Fair Value (FV). OCBC has a cum rights FV of $1.16 and ex rights FV of $1.105. CIMB had more negative commentary and basically felt the acquisitions funded by these rights are yield dilutive. Their FV is only $1 - I believe this is cum rights. If current price holds at 1.11 till ex rights day, then TERP will be $1.067. It is looking like market may be looking at ART to settle at bet $1 to $1.05 after ex rights, which for me may be the trigger range for some accumulation ex rights. PS : Not recommendation to buy, sell or trade. DYODD.

 

2 options

a) sell your rights

b) exercise your rights

azzz27      ( Date: 09-Mar-2017 14:41) Posted: this is my first time dealing with a right issue. any advice on the dates that i need to take note? and what actions that i may need to do? thanks

 

this is my first time dealing with a right issue. any advice on the dates that i need to take note? and what actions that i may need to do?

thanks

 

http://www.marketwatch.com/story/fed-may-start-kicking-rate-hikes-old-school-gundlach-2017-03-07

They may start to go &lsquo old school&rsquo and start to see more sequential Fed rate hikes, and if we&rsquo re going to go &lsquo old school,&rsquo what has happened historically &mdash and this is pre-credit-crisis &mdash [is that] the Fed gets into a sequential hiking mode and they keep doing it until something breaks. And the definition of &lsquo something breaks&rsquo is the onset of recession, which is usually preceded by a flat or inverted yield curve. Clearly the yield curve has been flattening since July, [and] postelection, but it&rsquo s nowhere near inverted.