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Ascott Residence
(SGX:HMN)
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Rating:68Neutral
Price Target:
S$0.98
▲(8.44% Upside)
Action:Downgraded
Date:08/04/26
The score is driven primarily by solid financial performance (strong margins and manageable leverage, with improved recent free cash flow) and supportive valuation (reasonable P/E and high dividend yield). Offsetting these positives, technical indicators are soft, with the price below key moving averages and subdued momentum readings.
Positive Factors
High Profitability Margins
Sustained high TTM net and operating margins indicate efficient operations and pricing power in a diversified REIT. This supports durable internal cash generation, underpins steady distributions and provides a buffer versus cyclical revenue dips over a 2–6 month horizon.
Negative Factors
Recent Revenue Softness
A year-over-year revenue decline and compressed gross margins point to weakening demand or pricing pressure in core markets. For a REIT, persistent top-line softness can erode rental income growth and reduce long-term distributable cash flow if trends continue beyond a quarter.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability Margins
Sustained high TTM net and operating margins indicate efficient operations and pricing power in a diversified REIT. This supports durable internal cash generation, underpins steady distributions and provides a buffer versus cyclical revenue dips over a 2–6 month horizon.
Read all positive factors
Ascott Residence (HMN) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$3.32B
Dividend Yield7.14%
Average Volume (3M)7.53M
Price to Earnings (P/E)12.7
Beta (1Y)0.48
Revenue Growth5.41%
EPS Growth25.34%
CountrySG
Employees1,925
SectorReal Estate
Sector Strength53
IndustryREIT - Diversified
Share Statistics
EPS (TTM)0.07
Shares Outstanding3,856,603,300
10 Day Avg. Volume6,052,780
30 Day Avg. Volume7,530,943
Financial Highlights & Ratios
PEG Ratio0.33
Price to Book (P/B)0.81
Price to Sales (P/S)4.09
P/FCF Ratio26.59
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$1.08Price Target Upside19.72% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.05
Revenue Forecast (FY)S$791.75M
Ascott Residence Business Overview & Revenue Model
Company Description
Ascott Residence Trust (ART), which began trading on the Singapore Exchange Securities Trading Limited (SGX-ST) in March 2006, stands as the largest hospitality trust across the Asia Pacific region. By December 31, 2020, its comprehensive portfoli...
How the Company Makes Money
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Ascott Residence Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
70
Positive
Cash Flow
64
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 810.07M | 891.64M | 809.52M | 744.56M | 621.24M | 394.41M |
| Gross Profit | 327.92M | 474.44M | 370.95M | 304.03M | 282.82M | 173.29M |
| EBITDA | 324.10M | 367.45M | 450.74M | 466.88M | 233.86M | 157.37M |
| Net Income | 302.07M | 327.61M | 241.18M | 231.25M | 223.31M | 309.32M |
Balance Sheet | ||||||
| Total Assets | 8.82B | 8.95B | 8.82B | 8.73B | 8.02B | 7.73B |
| Cash, Cash Equivalents and Short-Term Investments | 516.39M | 614.13M | 644.05M | 432.81M | 363.63M | 346.33M |
| Total Debt | 3.35B | 3.41B | 3.41B | 3.32B | 3.15B | 3.01B |
| Total Liabilities | 3.93B | 4.41B | 3.98B | 3.90B | 3.58B | 3.37B |
| Stockholders Equity | 4.82B | 4.47B | 4.77B | 4.75B | 4.36B | 4.29B |
Cash Flow | ||||||
| Free Cash Flow | 394.96M | 137.12M | 286.98M | 138.57M | 233.79M | 38.75M |
| Operating Cash Flow | 394.96M | 245.64M | 317.15M | 300.65M | 282.32M | 145.63M |
| Investing Cash Flow | 8.06M | -65.89M | 176.45M | -296.68M | -308.82M | -538.55M |
| Financing Cash Flow | -428.40M | -310.68M | -260.28M | 64.49M | 71.17M | 258.63M |
Ascott Residence Technical Analysis
Negative
0.90
Price Trends
0.87
Negative
0.87
Negative
0.88
Negative
Market Momentum
>-0.01
Positive
37.91
Neutral
20.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:HMN, the sentiment is Negative. The current price of 0.9 is above the 20-day moving average (MA) of 0.87, above the 50-day MA of 0.87, and above the 200-day MA of 0.88, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 37.91 is Neutral, neither overbought nor oversold. The STOCH value of 20.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:HMN.
Ascott Residence Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | S$3.32B | 12.71 | 6.22% | 6.74% | 5.41% | 25.34% | |
68 Neutral | S$1.14B | 25.00 | 2.53% | 7.16% | 5.66% | 14.77% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
56 Neutral | S$975.16M | -56.72 | -1.54% | 6.15% | 4.40% | -1142.86% | |
51 Neutral | S$1.92B | 48.68 | 2.65% | ― | ― | ― | |
50 Neutral | $133.42M | -5.04 | -6.67% | 5.06% | -3.80% | -16.28% |
* Real Estate Sector Average
SG:HMN
Ascott Residence
0.86
0.04
5.04%
SG:J85
CDL Hospitality Trusts
0.76
0.02
2.17%
SG:Q5T
Far East Hospitality Trust
0.56
<0.01
0.91%
SG:XZL
ARA US Hospitality Trust
0.23
-0.06
-20.42%
SG:LIW
Eagle Hospitality Trust
―
―
―
SG:8C8U
Centurion Accommodation REIT
1.13
0.21
23.36%
Ascott Residence Corporate Events
CapitaLand Ascott Trust flags S$200m loan covenant tied to REIT manager
Jul 31, 2026
CapitaLand Ascott Trust has disclosed a revolving loan facility agreement of up to S$200 million with China Construction Bank Corporation’s Singapore branch, under which DBS Trustee Limited, as trustee of the REIT, is the borrower. A key con...
CapitaLand Ascott Trust reshapes portfolio with premium divestments and accretive living-sector buys
Jun 29, 2026
CapitaLand Ascott Trust is positioning itself as the largest lodging trust in Asia-Pacific, maintaining a geographically diversified portfolio anchored in major domestic markets and key gateway cities, while steadily increasing its exposure to the...
CapitaLand Ascott Trust Accelerates Portfolio Recycling to Boost Returns and Resilience
Jun 22, 2026
CapitaLand Ascott Trust is positioning itself as a proxy to the travel and living sectors through a diversified lodging portfolio anchored in Asia Pacific, spanning serviced residences, hotels, rental housing and student accommodation. Its assets ...
CapitaLand Ascott Trust AGM Clears All Resolutions, Retains Capital Flexibility
May 21, 2026
CapitaLand Ascott Trust held its annual general meeting on 23 April 2026 at Marina Bay Sands in Singapore, where securityholders received an overview of its FY 2025 performance, portfolio, and risk management from the chief executive officer. The ...
CapitaLand Ascott Trust Discloses S$145 Million Revolving Loan Terms and Potential Cross-Default Risks
May 8, 2026
CapitaLand Ascott Trust has entered into a facility agreement with DBS Bank for a revolving loan facility of up to S$145 million, granted to DBS Trustee Limited as trustee of the REIT. A key condition requires that the REIT continues to be managed...
CapitaLand Ascott Trust Issues Units for Fees, Lifts Sponsor Stake
May 7, 2026
CapitaLand Ascott Trust has issued 5,078,975 new stapled securities as payment in kind for management and performance fees for the quarter ended 31 March 2026, with all units directed to Somerset Capital Pte. Ltd., a wholly owned subsidiary of Cap...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.