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Thursday, February 20, 2014

Ascott REIT acquisition

Ascott REIT new acquisition in year 2014, a serviced residence in Dalian for RMB571 million ($118.6 million) with an  EBITDA yield of 5.5%. This acquisition is expected to increase FY 2013 distribution per unit by 1.5% from 8.40 cents to 8.53 cents.


 The property acquired has convenient access to the city and Dalian Zhoushuizi International Airport. It is also located to imperative places such as supermarket, international schools and hospital.

 Ascott REIT closed at 1.180 today, I will start to enter at 1.165

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