CapitaLand Ascott Makes Big S$530 Million Acquisition

News about CapitaLand Ascott Trust

CapitaLand Ascott Trust is announcing the acquisition of 3 hospitality properties at a cost of S$530.8 million. Located in London, Dublin and Jakarka, the assets' purchase is expected to be yield accretive (distribution per share of +1.8% on a pro forma basis) and will require the approval of shareholders at an EGM held on October 24.

Financing is expected to be done using debt and equity previously raised this August.

CapitaLand Ascott Trust
Price0.900 SGD
NAV1.130 SGD
Yield (4 quarters)7.30%