Ascott Residence Trust - 7.38% indicative yield
Ascott is a REIT focusing on hospitality assets. The REIT’s portfolio currently consists of 73 properties with 11,417 units in 38 cities across 14 countries in the Americas, Asia Pacific and Europe. Its sponsor is property giant, CapitaLand Limited.
Ascott Residence Trust's unit revenue grew 5% in 4Q2017. This was highly driven by a RevPAU growth of 22% in Belgium.
Ascott Residence Trust (ART)’s portfolio revenue per available unit (RevPAU) rose by 5% in the last quarter of 2017.
• A 22% YoY increase in Belgium’s RevPAU drove this growth, followed by a 13% YoY RevPAU increase in the Philippines.
• ART’s Singapore’s RevPAU also grew by 6% to $185, which was due to higher corporate demand, increasing both ADR and occupancy growth, OCBC said.
• Meanwhile, RevPAU declined by 5% to 6% in Japan, USA, and Indonesia.
Price to book is at 0.94x. Indicative dividend yield is at 7.38%.
Ascott Residence Trust's unit revenue grew 5% in 4Q2017. This was highly driven by a RevPAU growth of 22% in Belgium.
Ascott Residence Trust (ART)’s portfolio revenue per available unit (RevPAU) rose by 5% in the last quarter of 2017.
• A 22% YoY increase in Belgium’s RevPAU drove this growth, followed by a 13% YoY RevPAU increase in the Philippines.
• ART’s Singapore’s RevPAU also grew by 6% to $185, which was due to higher corporate demand, increasing both ADR and occupancy growth, OCBC said.
• Meanwhile, RevPAU declined by 5% to 6% in Japan, USA, and Indonesia.
Price to book is at 0.94x. Indicative dividend yield is at 7.38%.
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