- Maintain fair value estimate of S$0.99. CapitaLand Ascott Trust's commitment to stability of distributions will improve quality and sustainability of distribution per stapled security (DPS) going forward, in our view.
Acquisition of two hotels in Japan for an aggregate purchase consideration of JPY21b
- - Read this at SGinvestors.io -
- Chisun Budget Kanazawa Ekimae is a 392-unit hotel situated in the castle town of Kanazawa, which boasts many historical and cultural attractions.
The aggregate purchase consideration of JPY21b (~S$178.5m) represents a discount of 8.3% to an independent valuation of JPY22.9b as at 1 Nov 2024
- Read more at SGinvestors.io.