Brief: Ascott Residence Trust Says Will Invest About S$125.0 Mln To Buy 4 Properties & Student Accommodation In Japan
09/03/2022 01:29
March 9 (Reuters) - Ascott Residence Trust ASCO.SI :
* WILL INVEST ABOUT S$125.0 MILLION TO BUY FOUR RENTAL
HOUSING
PROPERTIES AND ITS FIRST STUDENT ACCOMMODATION PROPERTY IN JAPAN
* YIELD-ACCRETIVE ACQUISITIONS SET TO INCREASE ART'S PRO
FORMA FY
2021 DISTRIBUTION PER STAPLED SECURITY BY ABOUT 1.7%
* ON TRACK TO MEET ITS MEDIUM-TERM TARGET OF 25-30% FOR ITS
LONGER-STAY PROPERTIES
Source text for Eikon: ID:nSNkjryJ
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