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An update from Ascott Residence ( (SG:HMN) ) is now available.
CapitaLand Ascott Trust Management Limited has announced a facility agreement with DBS Bank Ltd. for a revolving credit facility of up to S$150 million. The agreement includes a condition requiring the REIT to remain a wholly owned subsidiary of CapitaLand Investment Limited and restricts changes to the REIT Manager. As of the announcement date, there has been no breach of this condition, ensuring stability in the trust’s management and operations.
The most recent analyst rating on (SG:HMN) stock is a Buy with a S$1.13 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 is a real estate investment trust based in Singapore, managed by CapitaLand Ascott Trust Management Limited. It focuses on real estate investments and is part of a stapled group with CapitaLand Ascott Business Trust, which is managed by CapitaLand Ascott Business Trust Management Pte. Ltd.
Average Trading Volume: 5,866,109
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$3.34B
See more insights into HMN stock on TipRanks’ Stock Analysis page.