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Ascott Residence ( (SG:HMN) ) just unveiled an update.
CapitaLand Ascott Trust Management Limited, as manager of CapitaLand Ascott Real Estate Investment Trust, has amended and restated an existing revolving credit facility agreement with United Overseas Bank Limited for up to S$70 million. Under the revised terms, the lender has imposed conditions requiring the REIT manager to remain a wholly owned subsidiary of CapitaLand Investment Limited and restricting any change of the manager, effectively tying the financing to the current management and ownership structure; the REIT reported that there has been no breach of these conditions as of the announcement date, signaling continued lender confidence and operational stability.
The most recent analyst rating on (SG:HMN) stock is a Buy with a S$1.15 price target. To see the full list of analyst forecasts on Ascott Residence stock, see the SG:HMN Stock Forecast page.
More about Ascott Residence
CapitaLand Ascott Real Estate Investment Trust (CLAS) is a Singapore-based real estate investment trust focused on hospitality and lodging assets, including serviced residences and related accommodation properties. It is managed by CapitaLand Ascott Trust Management Limited, a wholly owned subsidiary of CapitaLand Investment Limited, and is part of a stapled group structure that includes CapitaLand Ascott Business Trust, targeting stable income from hospitality real estate investments.
Average Trading Volume: 4,274,890
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$3.74B
For detailed information about HMN stock, go to TipRanks’ Stock Analysis page.