Page 33 - Mark Gold News Today : Breaking News, Live Updates & Top Stories | Vimarsana

  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 divestment gains with Stapled Securityholders, a one-off partial divestment gain of S$40.0 million will be ...

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

NEWS RELEASE: In California, the rebound will be led by tech, residential construction and logistics sector Los Angeles (December 9, 2020) — The quarterly UCLA Anderson Forecast anticipates positive economic news on the horizon. After the COVID-19 pandemic reached the U.S., the Anderson Forecast’s March report was followed by two downward revisions, and the June and September releases charted the pandemic’s impact on the California and national economies. The December forecast offers hope of a robust recovery from the current recession, based on the assumption that mass vaccinations wou...