CapitaLand Ascott Trust fully acquires US student accommodation property

News about CapitaLand Ascott Trust
CapitaLand Ascott Trust (Clas) has acquired the remaining 10 per cent stake in a 678-bed freehold student accommodation property in South Carolina.

On June 4, its managers said they expect the acquisition to generate an earnings before interest, taxes, depreciation and amortisation (Ebitda) yield on total development costs of about 7 per cent.
...read more on The Straits Times
CapitaLand Ascott Trust
Price0.905 SGD
NAV1.140 SGD
Yield (4 quarters)6.75%
Gearing38.9%