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Ascott Residence ( (SG:HMN) ) has provided an announcement.
CapitaLand Ascott Trust has issued a total of 15,225,684 stapled securities as payment in units for management fees, reinforcing an alignment of interests between managers and unitholders while conserving cash. Of these, 14,450,118 stapled securities were issued, at S$0.9415 per unit, to Somerset Capital Pte. Ltd. as partial payment of the REIT manager’s base and performance fees for specified 2025 periods, and 775,566 stapled securities were similarly issued for the BT trustee-manager’s fees, with both fee calculations made under their respective trust deeds and the units directed to a CapitaLand Investment subsidiary instead of the managers themselves.
The most recent analyst rating on (SG:HMN) stock is a Buy with a S$1.42 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 Trust is a Singapore-based stapled group comprising CapitaLand Ascott Real Estate Investment Trust and CapitaLand Ascott Business Trust, focused on hospitality and lodging assets. It is managed by CapitaLand Ascott Trust Management Limited and CapitaLand Ascott Business Trust Management Pte. Ltd., and forms part of the broader CapitaLand Investment ecosystem.
Average Trading Volume: 5,217,122
Technical Sentiment Signal: Buy
Current Market Cap: S$3.75B
See more data about HMN stock on TipRanks’ Stock Analysis page.