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Ascott REIT has a gearing ratio of more than 40%!
http://mystocksinvesting.com/singapore-reits/singapore-reits-comparison-table-for-dividend-investment/
Ascott REIT has a gearing ratio of more than 40%!
http://mystocksinvesting.com/singapore-reits/singapore-reits-comparison-table-for-dividend-investment/
starlene ( Date: 29-Nov-2011 21:43) Posted:
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Ascott Res Trust
http://www.sharejunction.com/sharejunction/listMessage.htm?topicId=10243& searchString=& msgbdName=User%20Research/Opinions& topicTitle=REITS
Avoid reits too?
vonntan ( Date: 24-Oct-2010 10:52) Posted:
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Ascott REIT: To Acquire 60% Interest In Citadines Shinjuku Tokyo, Japan.
Ascott Residence Trust has entered into a conditional sale and purchase agreement to acquire 60% interest in the 160-unit Citadines Shinjuku Tokyo from Mitsubishi Estate Co., Ltd and Citadines Shinjuku Ippan Shadan Hojin for a total sum of ¥2.7 billion or approximately S$45.7m. The balance 40% interest is held by The Ascott Limited...Attachments:
Ascott Residence Trust (Ascott REIT) says its two serviced residences and 18 rental housing properties, which are all located in Tokyo, did not suffer any significant damage arising from the earthquake. As at 31 December 2010, the value of Ascott Reit's Japan assets of $287 million represents 10.6% of Ascott Reit's share of asset values. All the staff are also safe and accounted for.
//theedge/
Hospitality: OVERWEIGHT on the Serviced Apartment (SA) subsector
Summary: Emerging from the Financial Crisis, the SA subsector has exhibited similar recovery patterns to the hotel industry in 2010, with recovering occupancy rates and average daily rates. The average RevPAU for Singapore’s luxury and upscale hotels have risen 38% and 29.3% YTD respectively, which is not far from the observed 35% for prime serviced apartments. With Singapore’s GDP at 14.7% last year, we have also witnessed improving employment and FDI figures. Stepping into 2011, the economy is likely to continue its growth trajectory, on the back of MAS’s recent survey that projected 5.1% GDP growth in 2011. With the uptrend in hiring expectations, we think that the employment of foreign professionals will persist, leading to a larger pool of expatriates working in Singapore. We thus have an OVERWEIGHT rating on the SA subsector. Top of our pick is Ascott Residence Trust, with a fair value estimate of S$1.38.
By OCBC Research
The Ascott Limited (“Ascott”), a wholly-owned subsidiary of CapitaLand Limited (“CapitaLand”), has recently discovered financial irregularities in its Malaysian operations including unauthorised payments and transfers. Based on available evidence, Ascott has made a police report in Malaysia and commenced legal proceedings in the High Court of Malaya against 3 employees from the Finance and Accounts Department of the Malaysian operations of Ascott and 4 external parties for the recovery of a sum in the region of RM33 million (approximately SGD14 million). Ascott will continue to pursue to the fullest extent, all its rights and remedies against the parties concerned. Immediate steps have been taken to prevent a similar occurrence. Based on current investigations, the amounts involved are not expected to have any material impact on the net tangible assets or earnings per share of the CapitaLand Group for the financial year ending 31 December 2010 .
/sgx masnet/