CapitaLand Ascott Trust (CLAS) is acquiring three properties and embarking on a S$300 million equity raising operation:

On Aug 2, CLAS’s managers announced the proposed acquisition of three lodging properties in UK, Ireland and Indonesia for an agreed property value of $530.8 million, subject to the approval of CLAS’s stapled security holders in an EGM. The acquisition is expected to add $13.5 million to CLAS’s pro forma 2022 total distribution, and to be 1.8% accretive to CLAS’s DPS, pro forma, based on the current EFR plan.