Posts Tagged ‘Acrophyte’
Stocks to watch: Singtel, Stoneweg Europe Stapled Trust, Acrophyte Hospitality Trust, HG Metal
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Dec 18): Singtel: The board of its unit, Optus, on Thursday released a report from an independent review into its major Sep 18 outage, which uncovered gaps in process, accountability and escalation and information protocols, Singtel said on Thursday.…
Read MoreAcrophyte Hospitality Trust unit to divest Hyatt Place Primacy Parkway hotel for US$7.8 million
[SINGAPORE] ARA USH Chicago, an indirect wholly owned subsidiary of Acrophyte Hospitality Management Trust (AHT), is selling a hotel in the United States for US$7.8 million. Located in Memphis, Tennessee, the Hyatt Place Primacy Parkway hotel has 126 rooms and is 11.3 miles (18.2 km) south-east of the Memphis central business district, the managers of…
Read MoreAcrophyte Hospitality Trust 9-month net property income falls 13.9% to US$29.1 million
The drop is largely due to hotel dispositions and renovations, as well as increases in operating expenses [SINGAPORE] Acrophyte Hospitality Trust’s net property income (NPI) for the first nine months of 2025 fell 13.9 per cent to US$29.1 million from US$33.8 million in same period last year. Revenue clocked in at US$121.2 million, down 6.3 per…
Read MoreAcrophyte Hospitality Trust H1 DPS falls 42.2% to US$0.00432 amid portfolio contraction, softer lodging demand
[SINGAPORE] Acrophyte Hospitality Trust on Wednesday (Aug 6) posted a fall in distribution per stapled security (DPS) to US$0.00432 for its first half-year ended June, down 42.2 per cent from S$0.00747 in the year-ago period. The distribution will be paid out on Sep 26, after the record date of Aug 15, said its manager in…
Read MoreAcrophyte Hospitality Trust mulls suspending or reducing distributions under strategy review
The manager says it faces challenges in funding the capital expenditures that many of its properties require [SINGAPORE] The managers of Acrophyte Hospitality Trust are considering temporarily suspending or reducing distributions, equity fundraising or a portfolio recalibration through brand repositioning, among other options, as part of its ongoing strategy review for the hospitality stapled group.…
Read MoreStocks to watch: OCBC, Lum Chang, Suntec Reit, Acrophyte Hospitality Trust, Stoneweg Europe Stapled Trust, ICP
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jun 24): OCBC: The lender on Monday said it has no intention to convert its Class C non-voting Great Eastern shares into ordinary shares when they come up for conversion in five years as this will result in the…
Read MoreStocks to watch: Suntec Reit, ESR Reit, Sabana Industrial Reit, Acrophyte Hospitality Trust, Fu Yu
[SINGAPORE] THE following companies saw new developments that may affect trading of their securities on Monday (Jun 16): Suntec Reit; ESR Reit; Sabana Industrial Reit; Acrophyte Hospitality Trust: ESR Group, which is the sponsor of Suntec Reit, ESR Logos Reit, Sabana Industrial Reit and Acrophyte Hospitality Trust, is expected to delist from the Hong Kong…
Read MoreAcrophyte Hospitality Trust proposes disposal of Michigan hotel for US$6.7 million
[SINGAPORE] Acrophyte Hospitality Trust has proposed the disposal of a hotel in the US city of Auburn Hills in Michigan for a consideration of around US$6.7 million, said managers of the stapled group on Thursday (Jun 5). Through its indirect wholly owned subsidiary ARA USH Chicago, the stapled group on Wednesday entered into a conditional…
Read MoreAcrophyte Hospitality Trust undergoes strategic review, in talks for potential transaction involving stapled securities
[SINGAPORE] A strategic review is underway for Acrophyte Hospitality Trust, as a potential transaction involving its stapled securities is on the table but not guaranteed. On Friday (May 30), the managers said that they are currently evaluating a “range of strategic options” for the hospitality stapled group. This is in light of its potential capital…
Read MoreAcrophyte Hospitality Trust’s H2 DPS falls 46.7% to US$0.01026
Revenue for the period declines 5.2% year on year to US$84.9 million from US$89.5 million previously ACROPHYTE Hospitality Trust’s distribution per stapled security (DPS) for the half year ended December 2024 was down 46.7 per cent at US$0.01026, from US$0.01929 in H2 FY2023. The distribution will be paid out on Mar 28, after the record…
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