This was mainly due to the ongoing challenges faced by the reits australia operations due to increasing supply competition, coupled with the weakness of the aud vs sgd exchange rate. However, the fall has been attributed mainly to the absence of proceeds from a divestment made in the corresponding quarter of 2018. In november 2002, ascendas launched singapores first business space trust, ascendas real estate investment trust areit, and in august 2007, ascendas india trust aitrust was launched as the first listed indian property trust. At the same time, the management has worked with ocbc to offer a concessionary rate of 0. Since it pioneered reits in singapore with the listing of capitaland mall trust in 2002, capitalands reits and business trusts have expanded to include ascendas real estate investment trust, capitaland commercial trust, ascott residence trust, capitaland retail china trust, ascendas india trust and capitaland malaysia mall trust. It also involves in the development, ownership, and management of information technology parks in hyderabad, bangalore, and chennai. Ascendas hospitality trust company announcements sgx. Reit and ascendas hospitality trust ahtrust received strong. Connect with ascendas hospitality australia fund management pty ltd at bond street, sydney, nsw. Since aht is more a business trust than a reit, i will try to call a spade a spade. It is a stapled group comprising ascendas hospitality real estate investment trust and ascendas hospitality business trust. Ascendas hospitality trust has reported a distribution per stapled security dps of 1.
Ascendas hospitality trust recently announced their results which caught my interest and it came out of the blue because i havent been monitoring this for a while. Singapore business space developer ascendas group is the sponsor for the ipo. In august, we hosted the third instalment of our annual investor outreach conference in bangkok for the enlarged capitaland sgx. The address of the businesss registered office is at the galaxis building.
Introduction the boards of directors of ascendas hospitality fund management pte. Ascendas hospitality trust banks on diversification for. Ascendassingbridge group ascendas asset management. Ascendas hospitality trust a h trust is a stapled security listed on sgx with an investment focus on hospitality assets across key gateway cities in asia. The diversified portfolio is spread across seven key cities in the asia pacific. Ascendas hospitality trust ahtrust is a stapled group established with the principal investment strategy of investing, directly or indirectly, in a. Ahtrust is sponsored by ascendas land international pte ltd, a whollyowned subsidiary of ascendas pte ltd. Prior to joining the manager, she was with ascendas funds management pte ltd, the manager of ascendas reit areit, where as head, singapore portfolio and head, capital markets and transactions, she had overall strategic direction, as well as operational and capital structure responsibilities for areits portfolio. Ascendas hospitality trust management pte ltd company. Ascendas hospitality trust company profile and news. Download our current and past reports in pdf format. Acquired mgm stake in ascendasmgm fund management and areit. Ascendas hospitality trust ahtrust is a stapled group established with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of incomeproducing.
Company profile page for ascendas hospitality trust management pte ltd including stock price, company news, press releases, executives, board members, and contact information. The bts development will be ascendas reits third business park property in onenorth, a vibrant business park housing many companies in singapores knowledge economy sectors. Ascendas hospitality trust an opportunity to invest again share prices of various stocks have come down significantly in the past few weeks and this include ascendas hospitality trust aht. The group invests in and manages a portfolio of hospitality properties across asia pacific.
Ascendas hospitality australia fund management pty ltd bond. Ascendas hospitality trust was launched in july 2012, and is domiciled in singapore. The company valuation of ascendas hospitality trust according to these metrics is way below the market valuation of its peer group. Learn about working at ascendas hospitality trust asht. Ascott residence trust and ascendas hospitality trust have announced a merger between the two trusts to create the largest hospitality trust in the asia pacific and eighth largest globally.
Ascendas india trust is focused on capitalising on the fast growing it and logistics industries in india. Management limited, the manager of ascott reit the manager or any of. Capitaland and family of reits are well positioned to weather market uncertainties. It invests directly or indirectly, in a diversified portfolio of incomeproducing real estate used predominantly for hospitality purposes, as well as real estate related assets in connection with the foregoing. The business current operating status is live with registered address at galaxis. Secure cloudbased access momentumtrust features momentumtrusts cloudbased software allows you to access your clients accounts anytime, anywhere from any device with an internet connection. The combination between ascott residence trust and ascendas hospitality. Ascendas received the license for collective investment management in korea. Juay hiang tan ceo ascendas hospitality fund management. The boards of directors of ascendas hospitality fund management pte. Ascendas hospitality trust has posted distribution per stapled security dps of 1. Jun 04, 20 global investment management group aberdeen asset management has increased its stakes in singaporelisted stapled security ascendas hospitality trust ahtrust sgx. The trust has attributed this to full quarter contribution from the five hotels acquired during the financial year, lower net finance costs, and partial distribution of the proceeds from the divestment of theread more. The business current operating status is live and has been operating for 8 years 96 days.
Singaporelisted ascendas hospitality trust ahtrust, which focuses on investing in hotels and serviced apartments, is riding on its threedimension diversification investment strategy to ensure longterm growth for its stapled group comprising ascendas hospitality real estate investment trust and ascendas hospitality business trust. In july 2012, ascendas listed ascendas hospitality trust ahtrust, which comprises a portfolio of quality. Ascendas hospitality fund management pte ltd ahfm is the manager of ahreit while ascendas hospitality trust management pte ltd ahtm is the trusteemanager of ahbt. Ascendas india trust engages in the ownership of real estate properties primarily used as business space and real estate related assets in india. Trust management software momentumtrust features momentumtrust is a cloudbased software solution that integrates advanced crm, portfolio accounting analytics, and document management all in one application. Ascendas real estate investment trust is a real estate investment trust focusing on the industrial and business space.
Paul hastings advises manager, trusteemanager and sponsor on. Ascendas hospitality trust ahtrust is a stapled group comprising ascendas hospitality real estate investment trust ahreit and ascendas hospitality business trust ahbt, established with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of incomeproducing real estate used predominantly for. Ascendas hospitality trust 1q fy2019 financial results presentation 1 august 2019. Aberdeen group increases stake in ascendas hospitality trust. Ascendas real estate investment trust a17u quote morningstar.
Besides its chief role as developer, it operates the ascendas real estate investment trust areit formed in 2002, the ascendas india trust aitrust launched in 2007 and, since july 2012, the ascendas hospitality trust ahtrust with hotel properties in china, japan and australia. It manages pullman sydney hyde park, courtyard by marriott north ryde, hotel sunroute osaka namba, novotel sydney central, pullman and mercure melbourne. Ascendas hospitality trust ahtrust is a stapled group comprising ascendas hospitality real estate investment trust ahreit and ascendas hospitality business trust ahbt, established with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of incomeproducing real estate used predominantly for hospitality purposes. Ascendas hospitality trust share price history sgx. See who you know at ascendas hospitality trust asht, leverage your professional network, and get hired. Q1p ahtrust is a stapled group comprising ascendas hospitality real estate investment trust and ascendas hospitality business trust. Ascendas india trust is a property trust which owns seven it parks and six modern warehouses in india with total floor area of 12. Welcome to ascendas hospitality trust the combination between ascott residence trust and ascendas hospitality trust ahtrust has been completed. Ascott residence trust will also become the tenth largest sreit. Hong kong july 30, 2012 paul hastings, a leading global law firm, announced today that it advised ascendas land international as the sponsor, ascendas hospitality fund management as the manager and ascendas hospitality trust management as the trusteemanager on ascendas hospitality trusts ascendas hospitality offering of its stapled securities on the singapore exchange. Ascendas hospitality trust notice of scheme meeting in the high court of the republic of singapore hcos 11252019 in the matter of order 80 of the rules of court cap.
Ascendas hospitality trust news and updates from the. Ahtrust is managed by ascendas hospitality fund management pte. Ascendas hospitality trust has been forecast to yield between 7. Faqs ascott residence trust and ascendas hospitality. Ascendas hospitality trust, formerly ascendas hospitality trust management pte. Ascendas reit is singapores first and largest listed business space and industrial real estate investment trust reit with a portfolio diversified across five major segments of the business space and industrial property market.
Ascendas land international pte ltd is the sponsor of ahfm, which is a whollyowned subsidiary of ascendas pte ltd. Is ascendas hospitality trust worth investing in today. Htrust reit and ascendas hospitality trust management pte. The trust will have an initial portfolio of 11 hotels located in major cities in australia, china, japan and south korea.
Ashpf stock message board ascendas hospitality trust. Acquired mgm stake in ascendas mgm fund management and areit. General announcementart permitted distribution for ascendas. Blackstone, gaw capital weigh bids for ascendas hospitality. Key things to know about the ascott residence trust and. Ascendas hospitality trust ahtrust has today, via ascendas hospitality business trust, entered into a sale and purchase agreement to acquire 98. Ascendas hospitality trust management pte ltd trusteemanager of ascendas hospitality business trust chairman cla real estate holdings pte. Jan 06, 2020 disclosure of interest changes in interest of. The managers of ascendas hospitality trust ahtrust are selling two hotel properties, beijing novotel sanyuan and ibis beijing sanyuan, for a total of rmb1. Ascendas hospitality trust an opportunity to invest again. Ascendas hospitality trust ahtrust posted on monday a 2. Ascendas hospitality trust engages in ownership of real estate for hospital purposes and real estaterelates assets. What you must know about ascendas hospitality trusts sgx.
You are required to enter your iwealth login credentials to download. Ascendas hospitality trust ahtrust is a stapled group established with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of incomeproducing real estate used predominantly for hospitality purposes globally, as well as real estaterelated assets in connection with the foregoing. Ascendassingbridge group ascendas asset management company. Ascendas hospitality trust stapled units q1p latest dividend summary. Ascendas hospitality trust share price historyascendas hospitality trust share price history sgx listed ascendas hospitality trust sgx. Disclaimer this presentation shall be read in conjunction with ahtrustsunaudited financial results for the first quarter ended 30 june. Jan 07, 2020 proposed combination of ascott residence trust and ascendas hospitality trust by way of a trust scheme of arrangement changes to the composition of the audit committee of the ascott reit manager and other updates following completion of the proposed combination. This has been one of my favourite hospitality trust investment which i bought back in 2014. Without the effects of the divestment proceeds of sgd1. Q1p shareholders, and also potential investors in the stock, understanding how the stocks risk and return characteristics can impact your portfolio is. Ascendas india trust aitrust launched ipo in singapore. Ascendas hospitalitys total returns in 2015 were 17.
Ascendas hospitality trust prices singapore ipo deal. The ascendas hospitality trust management had raised the issue to optimize the cashtoshare ratio before the meeting but was declined by the authorities. Following the completion of the combination, ahtrust has been delisted from the official list of the singapore exchange securities trading limited with effect from 3 january 2020. Ascendas hospitality trust has recently announced the acquisition of its first singapore property in park hotel clarke quay. The trust focuses primarily on the panasian region. The business principal activity is in property fund management including reit management and direct property. Ascendas hospitality trust i attended the trusts most recent agm to find out. Ascendas hospitality trusts ascht 2q19 gross revenue and npi fell 11. Ascendas hospitality australia fund management pty ltd. Ascendas hospitality trust a htrust is a stapled panasian hospitality trust comprising ascendas hospitality real estate investment trust ahreit and ascendas hospitality business trust ahbt, established with the principal. Ascendas india trust is a property trust which owns seven it parks and one logistics park in india with total floor area of. Ascendas hospitality trust aht listed on singapore exchange. Attract more customers by adding more content such as opening hours, logo and more. Judging by its relatively smaller market capitalisation, it may not be as well known as the big boys in the hospitality.