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1 Comment
Ascott Residence Trust is currently in a long term uptrend where the price is trading 4.4% above its 200 day moving average.
From a valuation standpoint, the stock is 2.7% cheaper than other stocks from the Real Estate sector with a price to sales ratio of 9.1.
Ascott Residence Trust's total revenue rose by 20.3% to $161M since the same quarter in the previous year.
Its net income has dropped by 655.4% to $-250M since the same quarter in the previous year.
Finally, its free cash flow fell by 69.6% to $66M since the same quarter in the previous year.
Based on the above factors, Ascott Residence Trust gets an overall score of 3/5.
| Exchange | SG |
|---|---|
| ISIN | None |
| CurrencyCode | SGD |
| Industry | REIT-Diversified |
| Sector | Real Estate |
| PE Ratio | 21.4 |
|---|---|
| Dividend Yield | 3.3% |
| Target Price | 1.23 |
| Market Cap | 4B |
| Beta | 0.95 |
CapitaLand Ascott Trust (CLAS), formerly known as Ascott Residence Trust, is the largest lodging trust in Asia-Pacific with an asset value of S$8 billion as at 31 December 2022. CLAS' objective is to invest primarily in income-producing real estate and real estate-related assets which are used or predominantly used as serviced residences, rental housing properties, student accommodation and other hospitality assets in any country in the world. CLAS was listed on the Singapore Exchange Securities Trading Limited (SGX-ST) since March 2006, and is a constituent of the FTSE EPRA Nareit Global Real Estate Index Series (Global Developed Index). CLAS' international portfolio comprises 105 properties with more than 18,000 units in 47 cities across 15 countries in Asia-Pacific, Europe and the United States of America as at 31 December 2022. CLAS' properties are mostly operated under the Ascott, Somerset, Quest and Citadines brands. They are mainly located in key gateway cities such as Barcelona, Berlin, Brussels, Hanoi, Ho Chi Minh City, Jakarta, Kuala Lumpur, London, Manila, Melbourne, Munich, New York, Paris, Perth, Seoul, Singapore, Sydney and Tokyo. CLAS is a stapled group comprising CapitaLand Ascott Real Estate Investment Trust (CapitaLand Ascott REIT), formerly known as Ascott Real Estate Investment Trust (Ascott REIT), and CapitaLand Ascott Business Trust (CapitaLand Ascott BT), formerly known as Ascott Business Trust (Ascott BT). CLAS is managed by CapitaLand Ascott Trust Management Limited (as manager of CapitaLand Ascott REIT), formerly known as Ascott Residence Trust Management Limited, and CapitaLand Ascott Business Trust Management Pte. Ltd. (as trustee-manager of CapitaLand Ascott BT), formerly known as Ascott Business Trust Management Pte. Ltd. The manager and trustee-manager are wholly owned subsidiaries of Singapore-listed CapitaLand Investment Limited, a leading global real estate investment manager with a strong Asia foothold.
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