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CapitaLand Ascott Trust Proposes Divestment of Tokyo Property

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CapitaLand Ascott Trust Proposes Divestment of Tokyo Property

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CapitaLand Investment Limited ( (SG:9CI) ) has issued an update.

CapitaLand Ascott Trust has announced the proposed divestment of Citadines Central Shinjuku Tokyo to ML Estate Co., Ltd., an unrelated third party. This transaction is part of the Trust’s strategic asset management approach, potentially impacting its portfolio and financial performance, subject to approval by its Stapled Securityholders.

The most recent analyst rating on (SG:9CI) stock is a Buy with a S$3.85 price target. To see the full list of analyst forecasts on CapitaLand Investment Limited stock, see the SG:9CI Stock Forecast page.

More about CapitaLand Investment Limited

CapitaLand Ascott Trust is a stapled group comprising CapitaLand Ascott Real Estate Investment Trust and CapitaLand Ascott Business Trust, both managed by CapitaLand Ascott Trust Management Limited and CapitaLand Ascott Business Trust Management Pte. Ltd., respectively. The group operates within the real estate investment sector, focusing on hospitality properties, and is constituted under the laws of the Republic of Singapore.

Average Trading Volume: 8,204,334

Technical Sentiment Signal: Buy

Current Market Cap: S$14.54B

For a thorough assessment of 9CI stock, go to TipRanks’ Stock Analysis page.

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