Ascott Residence Trust (ART) has guided, on Jan 15, that its distribution per stapled security (DPU) is expected to reduce by 60-70% from the 7.61 cents recorded for FY2019 ended December. ART’s income available for distribution, similarly, is expected to decline by 40-50% from the $165.5 million ...

ASCOTT Residence Trust (ART) expects to cut distribution per stapled security (DPS) by between 60 per cent and 70 per cent in FY2020, the managers warned on Friday.

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Ascott Residence Trust (ART) has obtained a $50 million five-year green loan from DBS Bank, making ART the first hospitality trust in Singapore to secure a green loan. Proceeds from the green loan will be used to fund ART’s maiden development project and co-living property, lyf one-north Singapore...

ASCOTT Residence Trust (ART) has obtained a five-year S$50 million green loan from DBS to finance its maiden development project: lyf one-north Singapore.

The upcoming rollout of Covid-19 vaccines here will accelerate the rebound of small- and mid -cap stocks (SMC) and they are expected to catch up with larger caps on attractive valuations, says DBS Group Research analyst Ling Lee Keng in a Jan 5 note.  The hospitality and retail sectors, in part...

The Straits Times Index (STI) was down 11.8% in 2020, making it the worst performer in Asia, says PhillipCapital’s head of research Paul Chew in its Singapore strategy report for 2021 dated Jan 5. The index’s poor performance coincided with Singapore’s worst gross domestic product (GDP) contra...

What a year 2020 was, with the coronavirus upending industries, supply chains and the livelihoods of many. On Dec 31, 2020, the last trading day of the year, the benchmark Straits Times Index (STI) slid 25.41 points or 0.89% to 2,843.81 points at the closing bell.  Year-on-year (y-o-y) this is ...

ASCOTT Residence Trust (ART) has extended the master lease agreements and revised rents for some of its properties in France managed by Citadines.

ASCOTT Residence Trust (ART) has extended the master lease agreements and revised rents for some of its properties in France managed by Citadines.