Singapore Stock Market News

Singapore REITs - Creating Yield Accretion

StockFanatic
Publish date: Fri, 26 Jun 2015, 11:39 AM
StockFanatic
0 10,453
Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
Frasers Hospitality Trust
Ascott Residence Trust
ART's proposed acquisition of a S$298m portfolio in Australia and Japan looks to be yield accretive through the creative use of perps and debt instruments. We downgrade ART to HOLD with an unchanged target price of S$1.42 as the 2.9% accretion in DPU is offset by the raised risk profile from the relatively higher debt levels after factoring in perpetual securities (20bp increase in required rate of return). Separately, Frasers Hospitality Trust's private placement on the back of its Sydney acquisition was largely anticipated. Maintain MARKET WEIGHT.
Read more »
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment