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- MarketLine Department
Ascendas Real Estate Investment Trust - Mergers & Acquisitions (M&A), ...
Summary Marketline's Ascendas Real Estate Investment Trust Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Ascendas Real Estate Investment Trust - Mergers & Acquisitions (M&A), Partnerships & Alliances since January2007. Marketline's Company Mergers & Acquisitions (M&A), ...
With a more favourable environment, CDL HOSPITALITY TRUSTS improves to...
CDL HOSPITALITY TRUSTS (SG), a company active in the Real Estate Investment Trusts industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date February 22, 2022, the closing price was SG...
- Michael Wu
- Michael Wu
CDLHT continues to acquire aggressively abroad, offsetting subdued pro...
Besides an impairment charge of SGD 11.1 million for a Maldives hotel, no-moat CDL Hospitality Trusts reported a fourth-quarter result in line with expectations. Fourth-quarter distribution was SGD 0.0283, lower than the year-ago period, due to the equity raising in June. There is little in the fourth-quarter result that alters our long-term view on the trust. Our fair value estimate is unchanged at SGD 1.60, and at a fair distribution yield of 4.6%, we believe the trust is fairly valued. While ...
- Michael Wu
CDL Hospitality Trusts' 4Q Result In Line; Singapore Showing Signs of ...
Besides an impairment charge of SGD 11.1 million for a Maldives hotel, no-moat CDL Hospitality Trusts reported a fourth-quarter result in line with expectations. Fourth-quarter distribution was SGD 0.0283, lower than the year-ago period, due to the equity raising in June. There is little in the fourth-quarter result that alters our long-term view on the trust. Our fair value estimate is unchanged at SGD 1.60, and at a fair distribution yield of 4.6%, we believe the trust is fairly valued. While ...
- Michael Wu
Addition of a Munich Hotel Lifts CDL Hospitality Trust's 3Q Result
Similar to the second quarter, the addition of another hotel--this time in Munich--lifted CDL Hospitality Trust's third-quarter result. The remaining portfolio performed in line with our expectations. Distributable income after retention for working capital was lower at SGD 0.0229 compared with last quarter and the same period last year on a rights issue. Excluding the rights issue, distributable income would be 12% higher on last year from the contribution of the Munich and Lowry Hotel in the U...
- Michael Wu
Lowry Hotel Boosts CDL Hospitality Trust's 2Q Result; Underlying Trend...
The addition of the Lowry Hotel in Manchester provided a boost to CDL Hospitality Trust’s second-quarter result while the rest of the result was largely in line with previous quarters. Distributable income was SGD 0.0223 per unit for the quarter, and below the same period last year due to the impact of the rights issue. Our long-term view is unchanged and the trust is trading in line with our SGD 1.60 fair value. As previously noted, we expect the trust's operation in Singapore to be pressured...
- Michael Wu
CDLHT Acquisition Spree Continues; Also Announces SGD 255 Million Righ...
City Development Hospitality Trust, or CDLHT, continues its hot pursuit of international hotels by acquiring a 94.9% stake in Pullman Hotel in Munich, Germany, for EUR 98.9 million, or SGD 153.8 million. This is on the back of the Lowry Hotel acquisition in Manchester, United Kingdom, last month. The acquisition will be fully funded by debt, but the trust is undertaking a fully underwritten 1-for-5 renounceable rights issue of SGD 255.4 million to repay existing, more expensive debt. The rights ...
- Michael Wu
CDLHT Acquires The Lowry Hotel in Manchester; No Change to SGD 1.60 FV...
No-moat CDL Hospitality Trust has acquired its second hotel in the United Kingdom by picking up The Lowry Hotel in Manchester for GBP 52.5 million, or SGD 94.1 million. The acquisition is in line with the trust's strategy of diversifying away from its core market of Singapore. In recent years, the trust acquired a hotel in Cambridge and two hotels in Japan in recent years. There is no change to our thesis that the trust's earnings will still be driven largely by its operation in Singapore, which...
- Michael Wu
A Mixed First-Quarter Result for CDL Hospitality Trust; New Zealand Co...
CDL Hospitality Real Estate Investment Trust reported a mixed first-quarter result. Similar to the fourth quarter last year, New Zealand again did the heavy lifting, which benefited from negotiated terms to a higher proportion of variable rent. Revenue for the trust increased 3.9% against the same period last year. Revenue for its core market of Singapore was down 1% as softer hotel revenue was offset by a higher contribution from Claymore Link. For its hotels, a strong occupancy level of 88.4% ...
- Michael Wu
CDL Hospitality Trust Ends Fiscal 2016 With a Weak Fourth Quarter; FVE...
CDL Hospitality Trust, or CDLHT, posted a weaker fourth quarter, in line with our expectations. Income available for distribution to unitholders was 4% lower than in the year-ago period at SGD 30.6 million, mainly owing to lower revenue for the hotel portfolio in Singapore and the Maldives, and to a lesser extent because of the translation impact from the hotel in Cambridge, United Kingdom. A capital distribution sees total distribution at SGD 0.0342 for the quarter, versus SGD 0.0333 in the yea...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
- Michael Wu
CDL Hospitality Trust's 3Q16 Result in Line; Underlying Conditions Rem...
CDL Hospitality Real Estate Investment Trust's third-quarter result was largely in line with our expectations. The acquisition of the Cambridge Hotel last year provided a boost to quarterly revenue and net property income year on year, but revenue and net property income declined 4.1% and 3%, respectively, against last year excluding the new asset. The result does not change our view that near-term conditions will remain challenging for the trust. While the trust has diversified geographically, ...
- Michael Wu
CDLHT's near-term prospects remain subdued in Singapore, seeking inorg...
CDL Hospitality Trust's second-quarter result was weak as expected with the negative trends in the previous quarters persisting. Revenue and net property income contracted against the first quarter for most regions with the exception of Cambridge in the United Kingdom and Japan. Overall revenue fell 5% to SGD 42.4 million while net property declined 7% to SGD 31.3 million. Distribution per unit was largely steady at SGD 0.0223. We do not anticipate conditions to improve in the near term as globa...
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