Ascott reit analysis book values

The net asset value nav is one of the best metrics to use when assessing the value of a real estate investment trust reit. You will need to make your own independent judgment regarding the analysis. Book value is another good example many reits trade for several times their book value, which doesnt really make sense. It was listed on the singapore exchange securities trading limited sgxst since march 2006. Based on different scenarios for the change in mitts book value, we established the amount of upside in shares if they were to rally upwards to trade at 100% of book value. Ascott reit sees drop in bookings from wuhan virus, has limited exposure to china ascott residence trust art expects a shortterm impact on its portfolio, with global travel reduced as a result of the novel coronavirus situation, and it has already seen some cancellations in bookings and a drop in forward bookings since the start of this year. The analysis of reits can also be some tricky stuff, particularly when it comes with understanding the differences between book value and net asset value. As a new reit employee i learned about the challenges and opportunities that lie ahead for my company and the reit industry as a whole. Ascott reit bt will be structured as a stapled security. Its a measure of the value of their assets minus their debts. Ascott reit s trusteemanager says the buyer has paid 15% of the sale price as deposit and will pay the balance upon completion of the sale, which is expected to be by may 9. Source of the report is credited at the end of article whenever reference is made. The divestment price is 44% above the propertys book value as at 30 sep 2019 and 8% above ascott. In 2019 ascott residence trust divested ascott raffles place, somerset west lake hanoi, partial sale of somerset liang court, citadines xinghai shuzhou and citadines zhuakou wuhan.

Ascott residence trust doing well, all things considered. Stock analysis research and articles on this site are for the purpose of information sharing and do not serve as recommendation of any transactions. What stapled group means is that if an investor were to buy units in ascott residence trust, he or she would own both ascott real estate investment trust ascott reit and. The book value is incredibly important to a mortgage reit. Get the latest ascott residence trust real estate investment trust stock price and detailed information including news, historical charts and realtime prices. On 31 march 2006, ascott reit was listed on the singapore exchange securities trading limited with an initial portfolio of 12. Ascott residence trust phillip securities 20200205. In 2010, ascott reit enhanced the geographical diversification of its portfolio by acquiring 26 properties in europe.

Year yield total amount ex date pay date particulars. Lessons on mortgage reits and relative values seeking alpha. Ascott reit s international portfolio comprises approximately 90 properties with approximately 11,300 units. Overall the book should be required reading for reit investors and managers as well. Ascott reit also completed the divestment of somerset grand cairnhill singapore. In 2012, ascott reit acquired four properties in kyoto, singapore, guangzhou and germany. On 4 january 2019, ascott reit took possession of the site for the development of lyf onenorth singapore. Find out how to pick only the bestmanaged reits that are able to pay you a longterm growing dividend and appreciate in value. We had previously highlighted the removal of the stock overhang from the completion of the recent rights issue to fund the acquisition of ascott orchard singapore as a rerating catalyst. Ascott residence trust and ascendas hospitality trust announced a merger between the two trusts to create the largest hospitality trust in the asia pacific and eighth largest globally. The enlarged ascott residence trust will also become the tenth largest s reit. Taken from ascott reit s 3q 2019 financial results presentation. Ascott reit was directly held by the ascott limited up to and including 30 march 2006. Its serviced residences are operated under the ascott, citadines and somerset brands, and are located in cities, such as barcelona, berlin, brussels, guangzhou, hanoi, ho chi minh city, jakarta, kuala lumpur, london, manila, melbourne.

Ascott reit currently trades at a price to book ratio of 0. Find out all the key statistics for aims apac reit o5ru. Ascott residence trust ascott reit on wednesday entered into a sale and purchase agreement to divest ascott rafles. On 31 march 2006, ascott reit was listed on the singapore exchange securities trading. The pearnings ntm ratio of ascott residence trust is significantly lower than the average of its sector residential reits.

Price target research articlenews past 6 months 08052020. Singapore including stock price, stock chart, company news, key statistics, fundamentals and company profile. A68u will join the consortium led by city developments sgx. Tan notes that ascott reit s partial sale of its stake in somerset liang court to the consortium is poised to pay off in the longer term. We maintain our buy call on ascott residence trust sgx. Reits are required to pay out at least 90% of income as shareholder dividends. Stock ascott residence trust real estate investment.

Reit sector reit sector 2q15 results of areit, art, cmt, fct in line with expectations. The company valuation of ascott residence trust according to these metrics is way below the market valuation of its peer group. Key things to know about the ascott residence trust and. After all, a company in the business of owning properties should trade. Ascott reit s investment policy covers any country in the world. Todays post will get into the technical world of this without making your head spin. Ascott reit s portfolio includes 74 properties with more than 11,700 units across 37 cities in asia pacific, europe and. Then read our guide on 5 important factors you need to consider before investing in any reit.