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    HMN   SGXC16332337

ASCOTT RESIDENCE TRUST

(HMN)
  Report
Delayed Singapore Stock Exchange  -  05/27 05:06:01 am EDT
1.120 SGD    0.00%
05/09OCBC Adjusts Ascott Residence Trust's Price Target to S$1.30 From S$1.22, Keeps at Buy
MT
05/09UOB Kay Hian Adjusts Ascott Residence Trust's Price Target to S$1.32 From S$1.29, Keeps at Buy
MT
05/09PhillipCapital Adjusts Ascott Residence Trust's Price Target to S$1.24 From S$1.23, Keeps at Accumulate
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Ascott Residence Trust entered into an agreement to acquire Raleigh Property for $64 million.

12/27/2021 EDT

Ascott Residence Trust (SGX:HMN) entered into an agreement to acquire Raleigh Property for $64 million on December 27, 2021. In a related transaction, Ascott Residence Trust agreed to acquire The Link University City for $65.5 million, Uncommon Wilmington for $54 million and Latitude at Kent for $29.5 million. Pursuant to the terms, 1% of the purchase price was paid on execution of agreements granting access to the properties and commencement of due diligence. A further 1% of the purchase price will be paid within 2 days from execution of the agreements. The remainder of the purchase price will be paid at completion. The transaction will be financed from debt and proceeds from the private placement of 152,594,100 new stapled securities in Ascott Residence Trust which raised gross proceeds of SGD 150 million ($110.5 million). The transaction is subject to completion of acquisition of Wilmington Property and Philly Property. The transaction is expected to complete in December 2021.


© S&P Capital IQ 2021
All news about ASCOTT RESIDENCE TRUST
05/09OCBC Adjusts Ascott Residence Trust's Price Target to S$1.30 From S$1.22, Keeps at Buy
MT
05/09UOB Kay Hian Adjusts Ascott Residence Trust's Price Target to S$1.32 From S$1.29, Keeps..
MT
05/09PhillipCapital Adjusts Ascott Residence Trust's Price Target to S$1.24 From S$1.23, Kee..
MT
05/09DBS Bank Adjusts Ascott Residence Trust's Price Target to S$1.40 From S$1.30, Keeps at ..
MT
05/09CGS-CIMB Research Adjusts Ascott Residence Trust's Price Target to S$1.24 From S$1.21, ..
MT
04/29Ascott Residence Trust's RevPAU Climbs 22% in Q1
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04/20Ascott Reit MTN Files for Singapore Listing of Over $146 Million Sustainability-Linked ..
MT
04/20Ascott Residence Trust Issues $146 Million Worth of Sustainability-Linked Bonds
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03/27Analysts Expect Hospitality REITs to Rebound as Singapore Reopens Borders
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03/09Ascott Residence Trust agreed to acquire Four Rental Housing Properties in Japan.
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Analyst Recommendations on ASCOTT RESIDENCE TRUST
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Financials
Sales 2022 542 M 396 M 396 M
Net income 2022 102 M 74,6 M 74,6 M
Net Debt 2022 2 585 M 1 888 M 1 888 M
P/E ratio 2022 35,5x
Yield 2022 4,79%
Capitalization 3 681 M 2 688 M 2 688 M
EV / Sales 2022 11,6x
EV / Sales 2023 9,94x
Nbr of Employees -
Free-Float 98,9%
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 1,12 SGD
Average target price 1,20 SGD
Spread / Average Target 7,37%
EPS Revisions
Managers and Directors
Siew Kim Beh CEO & Non-Independent Executive Director
Siew Fong Kang Chief Financial Officer
Beng Hai Tan Chairman
Kin Leong Chan Head-Investment & Asset Management
Kim Huat Chia Independent Non-Executive Director