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January 27, 2021
ASCOTT RESIDENCE TRUST POSTS DISTRIBUTABLE INCOME OF S$61.7 MILLION IN 2H 2020 AND S$94.2 MILLION IN FY 2020 Industry: (TRAVPR.COM) SINGAPORE - January 27th, 2021 - Ascott Residence Trust (ART) posted a distributable income of S$61.7 million in 2H 2020 and S$94.2 million in FY 2020 amidst the COVID-19 pandemic. The distributable income for 2H 2020 is a 32% decline compared to 2H 2019. To mitigate the impact of COVID-19, replace loss income from divested assets and to share past divestm...
January 27, 2021
ASCOTT RESIDENCE TRUST FORAYS INTO THE STUDENT ACCOMMODATION ASSET CLASS WITH FIRST ACQUISITION IN THE USA FOR US$95 MILLION Industry: (TRAVPR.COM) SINGAPORE - January 27th, 2021 - Ascott Residence Trust (ART) will foray into the student accommodation asset class with its first acquisition in the United States of America (USA) for US$95 million (S$126.3 million). The purpose-built student accommodation asset, Signature West Midtown, is a freehold property with 525 beds across 183 units loca...