Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Ascott Residence ( (SG:HMN) ) has issued an update.
CapitaLand Ascott Trust has entered into a new green term loan facility agreement of up to S$46.97 million with DBS Bank, with DBS Trustee Limited (as trustee of the REIT) as borrower. Under the terms of the facility, the REIT is subject to conditions requiring the REIT manager, CapitaLand Ascott Trust Management Limited, to remain a wholly owned subsidiary of CapitaLand Investment Limited and restricting any change of the REIT manager, reinforcing sponsor alignment and management continuity. The trust reported that, as of the date of the announcement, there has been no breach of these conditions, signalling stable governance arrangements tied to its new green financing.
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 (CapitaLand Ascott Trust) is a Singapore-based stapled group comprising a real estate investment trust and a business trust, focused on hospitality and lodging assets. Managed by CapitaLand Ascott Trust Management Limited and CapitaLand Ascott Business Trust Management Pte. Ltd., it is part of the CapitaLand Investment Limited ecosystem and invests in income-producing accommodation properties globally, including serviced residences, hotels and related lodging assets.
YTD Price Performance: 1.05%
Average Trading Volume: 4,444,575
Technical Sentiment Signal: Buy
Current Market Cap: S$3.7B
See more insights into HMN stock on TipRanks’ Stock Analysis page.