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Ascendas Hospitality Trust

SGX:Q1P
Snowflake Description

Moderate growth potential second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
Q1P
SGX
SGD1B
Market Cap
  1. Home
  2. SG
  3. Real Estate
Company description

Ascendas Hospitality Trust (“A-HTRUST”) was listed in July 2012 as a stapled group comprising Ascendas Hospitality Real Estate Investment Trust (“A-HREIT”) and Ascendas Hospitality Business Trust (“A-HBT”), established with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of income-producing real estate used predominantly for hospitality purposes, as well as real estate related assets in connection with the foregoing. The last earnings update was 80 days ago. More info.


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Q1P Share Price and Events
7 Day Returns
1.1%
SGX:Q1P
-1.4%
SG REITs
0.3%
SG Market
1 Year Returns
11%
SGX:Q1P
1.8%
SG REITs
-6.7%
SG Market
Q1P Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ascendas Hospitality Trust (Q1P) 1.1% 3.4% 12.3% 11% 33.8% 27.3%
SG REITs -1.4% 0.7% 4.8% 1.8% 13.3% 10.5%
SG Market 0.3% 3.1% 3.7% -6.7% 8% -3.3%
1 Year Return vs Industry and Market
  • Q1P outperformed the REITs industry which returned 1.8% over the past year.
  • Q1P outperformed the Market in Singapore which returned -6.7% over the past year.
Price Volatility
Q1P
Industry
5yr Volatility vs Market

Q1P Value

 Is Ascendas Hospitality Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Ascendas Hospitality Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Ascendas Hospitality Trust.

SGX:Q1P Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year SG Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SGX:Q1P
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.54
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.537 (1 + (1- 17%) (60.53%))
0.871
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.3% + (0.871 * 5.96%)
7.49%

Discounted Cash Flow Calculation for SGX:Q1P using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Ascendas Hospitality Trust is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SGX:Q1P DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SGD, Millions) Source Present Value
Discounted (@ 7.49%)
2019 75.83 Est @ 5.5% 70.54
2020 79.27 Est @ 4.54% 68.61
2021 82.34 Est @ 3.87% 66.29
2022 85.14 Est @ 3.4% 63.77
2023 87.76 Est @ 3.07% 61.15
2024 90.25 Est @ 2.84% 58.50
2025 92.67 Est @ 2.68% 55.88
2026 95.05 Est @ 2.57% 53.32
2027 97.41 Est @ 2.49% 50.83
2028 99.78 Est @ 2.43% 48.44
Present value of next 10 years cash flows SGD597.32
SGX:Q1P DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SGD99.78 × (1 + 2.3%) ÷ (7.49% – 2.3%)
SGD1,966.43
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SGD1,966.43 ÷ (1 + 7.49%)10
SGD954.63
SGX:Q1P Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SGD597.32 + SGD954.63
SGD1,551.95
Equity Value per Share
(SGD)
= Total value / Shares Outstanding
= SGD1,551.95 / 1,135.00
SGD1.37
SGX:Q1P Discount to Share Price
Calculation Result
Value per share (SGD) From above. SGD1.37
Current discount Discount to share price of SGD0.91
= -1 x (SGD0.91 - SGD1.37) / SGD1.37
33.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Ascendas Hospitality Trust is available for.
Intrinsic value
33%
Share price is SGD0.91 vs Future cash flow value of SGD1.37
Current Discount Checks
For Ascendas Hospitality Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Ascendas Hospitality Trust's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Ascendas Hospitality Trust's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Ascendas Hospitality Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ascendas Hospitality Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:Q1P PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in SGD SGD0.02
SGX:Q1P Share Price ** SGX (2019-04-18) in SGD SGD0.91
Singapore REITs Industry PE Ratio Median Figure of 39 Publicly-Listed REITs Companies 13.16x
Singapore Market PE Ratio Median Figure of 328 Publicly-Listed Companies 13.18x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ascendas Hospitality Trust.

SGX:Q1P PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:Q1P Share Price ÷ EPS (both in SGD)

= 0.91 ÷ 0.02

51.69x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ascendas Hospitality Trust is overvalued based on earnings compared to the SG REITs industry average.
  • Ascendas Hospitality Trust is overvalued based on earnings compared to the Singapore market.
Price based on expected Growth
Does Ascendas Hospitality Trust's expected growth come at a high price?
Raw Data
SGX:Q1P PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 51.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
18.1%per year
Singapore REITs Industry PEG Ratio Median Figure of 37 Publicly-Listed REITs Companies 2.08x
Singapore Market PEG Ratio Median Figure of 119 Publicly-Listed Companies 1.6x

*Line of best fit is calculated by linear regression .

SGX:Q1P PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 51.69x ÷ 18.1%

2.85x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ascendas Hospitality Trust is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Ascendas Hospitality Trust's assets?
Raw Data
SGX:Q1P PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in SGD SGD0.98
SGX:Q1P Share Price * SGX (2019-04-18) in SGD SGD0.91
Singapore REITs Industry PB Ratio Median Figure of 41 Publicly-Listed REITs Companies 0.96x
Singapore Market PB Ratio Median Figure of 432 Publicly-Listed Companies 0.75x
SGX:Q1P PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:Q1P Share Price ÷ Book Value per Share (both in SGD)

= 0.91 ÷ 0.98

0.93x

* Primary Listing of Ascendas Hospitality Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ascendas Hospitality Trust is good value based on assets compared to the SG REITs industry average.
X
Value checks
We assess Ascendas Hospitality Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Ascendas Hospitality Trust has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Q1P Future Performance

 How is Ascendas Hospitality Trust expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
18.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ascendas Hospitality Trust expected to grow at an attractive rate?
  • Ascendas Hospitality Trust's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Ascendas Hospitality Trust's earnings growth is expected to exceed the Singapore market average.
  • Ascendas Hospitality Trust's revenue growth is expected to exceed the Singapore market average.
Annual Growth Rates Comparison
Raw Data
SGX:Q1P Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:Q1P Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 18.1%
SGX:Q1P Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 4.9%
Singapore REITs Industry Earnings Growth Rate Market Cap Weighted Average -4.1%
Singapore REITs Industry Revenue Growth Rate Market Cap Weighted Average 3%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.7%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SGX:Q1P Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:Q1P Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 220 73 38 1
2020-03-31 216 72 37 1
2019-03-31 209 52 35 1
SGX:Q1P Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2018-12-31 191 72 20
2018-09-30 194 70 14
2018-06-30 200 65 18
2018-03-31 203 73 17
2017-12-31 190 66 30
2017-09-30 196 66 48
2017-06-30 199 70 47
2017-03-31 204 51 45
2016-12-31 220 63 155
2016-09-30 216 55 146
2016-06-30 215 51 142
2016-03-31 215 69 147

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ascendas Hospitality Trust's earnings are expected to grow by 18.1% yearly, however this is not considered high growth (20% yearly).
  • Ascendas Hospitality Trust's revenue is expected to grow by 4.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SGX:Q1P Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Ascendas Hospitality Trust Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:Q1P Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 0.03 0.03 0.03 1.00
2020-03-31 0.03 0.03 0.03 1.00
2019-03-31 0.03 0.03 0.03 1.00
SGX:Q1P Past Financials Data
Date (Data in SGD Millions) EPS *
2018-12-31 0.02
2018-09-30 0.01
2018-06-30 0.02
2018-03-31 0.02
2017-12-31 0.03
2017-09-30 0.04
2017-06-30 0.04
2017-03-31 0.04
2016-12-31 0.14
2016-09-30 0.13
2016-06-30 0.13
2016-03-31 0.13

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Ascendas Hospitality Trust is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Ascendas Hospitality Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Singapore market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Singapore market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ascendas Hospitality Trust has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Q1P Past Performance

  How has Ascendas Hospitality Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ascendas Hospitality Trust's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ascendas Hospitality Trust's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Ascendas Hospitality Trust's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Ascendas Hospitality Trust's 1-year earnings growth is negative, it can't be compared to the SG REITs industry average.
Earnings and Revenue History
Ascendas Hospitality Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ascendas Hospitality Trust Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:Q1P Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 191.17 19.92 61.83
2018-09-30 193.85 14.15 64.09
2018-06-30 200.13 17.50 66.05
2018-03-31 203.26 17.28 66.95
2017-12-31 190.09 30.12 66.97
2017-09-30 196.43 47.55 67.92
2017-06-30 199.32 46.52 68.80
2017-03-31 203.63 45.09 68.93
2016-12-31 220.43 154.86 73.23
2016-09-30 216.06 145.79 71.56
2016-06-30 214.69 141.78 70.50
2016-03-31 215.11 146.59 70.26
2015-12-31 215.82 37.60 71.85
2015-09-30 221.75 31.24 72.87
2015-06-30 225.64 28.16 74.31
2015-03-31 227.11 28.65 75.16
2014-12-31 229.69 30.08 75.10
2014-09-30 225.55 27.84 104.14
2014-06-30 220.54 33.64 90.10
2014-03-31 214.29 16.68 76.32
2013-12-31 195.32 38.15 27.71
2013-04-01 127.17 12.33 17.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Ascendas Hospitality Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ascendas Hospitality Trust used its assets less efficiently than the SG REITs industry average last year based on Return on Assets.
  • Ascendas Hospitality Trust's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Ascendas Hospitality Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Ascendas Hospitality Trust has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Q1P Health

 How is Ascendas Hospitality Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Ascendas Hospitality Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ascendas Hospitality Trust's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Ascendas Hospitality Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Ascendas Hospitality Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ascendas Hospitality Trust Company Filings, last reported 3 months ago.

SGX:Q1P Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,110.56 625.21 55.08
2018-09-30 1,138.53 574.73 160.27
2018-06-30 1,142.22 400.75 45.00
2018-03-31 1,039.41 535.17 67.44
2017-12-31 967.01 546.86 68.31
2017-09-30 1,005.44 551.59 80.00
2017-06-30 999.43 551.30 68.99
2017-03-31 1,033.23 555.17 86.21
2016-12-31 951.54 537.46 63.93
2016-09-30 985.72 538.65 75.64
2016-06-30 947.33 535.09 63.90
2016-03-31 963.25 533.33 94.59
2015-12-31 785.77 538.14 94.12
2015-09-30 804.31 536.75 116.20
2015-06-30 789.21 538.22 102.48
2015-03-31 826.13 547.68 88.11
2014-12-31 767.91 536.46 66.40
2014-09-30 811.70 550.56 79.87
2014-06-30 825.57 561.20 65.79
2014-03-31 795.17 489.49 72.35
2013-12-31 752.18 463.65 50.76
2013-04-01 665.69 397.79 59.21
  • Ascendas Hospitality Trust's level of debt (56.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (61.6% vs 56.3% today).
  • Debt is not well covered by operating cash flow (11.5%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.1x coverage).
X
Financial health checks
We assess Ascendas Hospitality Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ascendas Hospitality Trust has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Q1P Dividends

 What is Ascendas Hospitality Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.53%
Current annual income from Ascendas Hospitality Trust dividends. Estimated to be 6.55% next year.
If you bought SGD2,000 of Ascendas Hospitality Trust shares you are expected to receive SGD131 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Ascendas Hospitality Trust's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.5%).
  • Ascendas Hospitality Trust's dividend is above the markets top 25% of dividend payers in Singapore (5.43%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SGX:Q1P Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Singapore REITs Industry Average Dividend Yield Market Cap Weighted Average of 41 Stocks 5.7%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 278 Stocks 3.9%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.6%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.5%
Singapore Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SGX:Q1P Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 0.06 1.00
2020-03-31 0.06 1.00
2019-03-31 0.06 1.00
SGX:Q1P Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2018-10-31 0.059 7.196
2018-05-10 0.059 7.386
2017-11-06 0.057 6.762
2017-05-11 0.057 6.863
2016-05-12 0.055 7.612
2015-10-28 0.052 7.367
2015-06-12 0.051 7.677
2015-05-11 0.051 7.195
2015-05-08 0.051 7.152
2014-11-06 0.053 7.705
2014-10-15 0.055 7.809
2014-06-30 0.055 7.475
2014-05-15 0.055 7.388
2013-11-12 0.064 8.760
2013-04-29 0.073 8.838
2013-01-28 0.020 1.998
2013-01-15 0.020 2.053
2012-11-06 0.025 2.735

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ascendas Hospitality Trust has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Ascendas Hospitality Trust only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Ascendas Hospitality Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.5x coverage).
X
Income/ dividend checks
We assess Ascendas Hospitality Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ascendas Hospitality Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ascendas Hospitality Trust has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Q1P Management

 What is the CEO of Ascendas Hospitality Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Juay Tan
COMPENSATION SGD0
AGE 55
CEO Bio

Juay Hiang Tan is Chief Executive Officer and Director of Ascendas Hospitality Trust. Prior to this, he was the Senior Vice- President of Real Estate Funds for Ascendas Pte. Ltd. From October 2007 to April 2010, he was the Fund Manager for the Ascendas ASEAN Business Space Fund (the ASEAN Fund). He holds a Bachelor of Engineering (Honours) degree from the National University of Singapore and a Master of Business Administration from Nanyang Technological University.

CEO Compensation
  • Insufficient data for Juay to compare compensation growth.
  • Juay's remuneration is lower than average for companies of similar size in Singapore.
Management Team Tenure

Average tenure of the Ascendas Hospitality Trust management team in years:

1.8
Average Tenure
  • The average tenure for the Ascendas Hospitality Trust management team is less than 2 years, this suggests a new team.
Management Team

Juay Tan

TITLE
CEO & Director
AGE
55

Yeng Yeng Woo

TITLE
Chief Financial Officer
TENURE
0.4 yrs

Tan Yoon Peng

TITLE
Head of Investments
TENURE
2.3 yrs

Chee Kum Tin

TITLE
Manager

Julian Anthony

TITLE
Head of Australia Operations
TENURE
1.8 yrs

Mary De Souza

TITLE
Company Secretary

Wei Hon

TITLE
Joint Company Secretary
Board of Directors Tenure

Average tenure and age of the Ascendas Hospitality Trust board of directors in years:

2.1
Average Tenure
58
Average Age
  • The average tenure for the Ascendas Hospitality Trust board of directors is less than 3 years, this suggests a new board.
Board of Directors

Miguel Ko

TITLE
Chairman of the Board
COMPENSATION
SGD127K
AGE
65
TENURE
2.8 yrs

Juay Tan

TITLE
CEO & Director
AGE
55
TENURE
7.3 yrs

Willy Shee

TITLE
Independent Director
COMPENSATION
SGD33K
AGE
69
TENURE
1.5 yrs

Kim Huat Chia

TITLE
Lead Independent Director
COMPENSATION
SGD97K
AGE
51
TENURE
1.3 yrs

Manohar Khiatani

TITLE
Non-Executive Director
COMPENSATION
SGD69K
AGE
58
TENURE
5.8 yrs

Michael Issenberg

TITLE
Non-Executive Director
COMPENSATION
SGD55K
AGE
58
TENURE
6.9 yrs

Deborah Lee

TITLE
Independent Director
COMPENSATION
SGD36K
AGE
61
TENURE
1.5 yrs

Robert van Hecker

TITLE
Independent Director
TENURE
0.5 yrs

Patrick Lee

TITLE
Independent Director
AGE
45
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SGD) Value (SGD)
31. Jan 19 Sell Ascendas Hospitality Trust Management Pte. Ltd. Company 31. Jan 19 31. Jan 19 -877,187 SGD0.78 SGD-688,066
31. Jan 19 Sell Ascendas Hospitality Fund Management Pte. Ltd Company 31. Jan 19 31. Jan 19 -334,445 SGD0.78 SGD-262,339
02. Nov 18 Sell Ascendas Hospitality Trust Management Pte. Ltd. Company 02. Nov 18 02. Nov 18 -805,618 SGD0.81 SGD-651,745
02. Nov 18 Sell Ascendas Hospitality Fund Management Pte. Ltd Company 02. Nov 18 02. Nov 18 -281,579 SGD0.81 SGD-227,797
06. Aug 18 Sell Ascendas Hospitality Trust Management Pte. Ltd. Company 06. Aug 18 06. Aug 18 -844,215 SGD0.77 SGD-651,228
06. Aug 18 Sell Ascendas Hospitality Fund Management Pte. Ltd Company 06. Aug 18 06. Aug 18 -291,453 SGD0.77 SGD-224,827
14. May 18 Sell Ascendas Hospitality Fund Management Pte. Ltd Company 14. May 18 14. May 18 -899,102 SGD0.84 SGD-750,750
14. May 18 Sell Ascendas Hospitality Trust Management Pte. Ltd. Company 14. May 18 14. May 18 -832,056 SGD0.84 SGD-694,767
X
Management checks
We assess Ascendas Hospitality Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ascendas Hospitality Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

Q1P News

Simply Wall St News

Ascendas Hospitality Trust (SGX:Q1P) Shareholders Have Enjoyed A 31% Share Price Gain

Just take a look at Ascendas Hospitality Trust (SGX:Q1P), which is up 31%, over three years, soundly beating the market return of 9.3% (not including dividends). … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During the three years of share price growth, Ascendas Hospitality Trust actually saw its earnings per share (EPS) drop 19% per year.

Simply Wall St -

Is Ascendas Hospitality Trust's (SGX:Q1P) ROE Of 1.8% Concerning?

By way of learning-by-doing, we'll look at ROE to gain a better understanding of Ascendas Hospitality Trust (SGX:Q1P). … Our data shows Ascendas Hospitality Trust has a return on equity of 1.8% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

You May Have Been Looking At Ascendas Hospitality Trust (SGX:Q1P) All Wrong

Ascendas Hospitality Trust is a S$879m. … real estate investment trust (REIT) based in Singapore, Singapore. … A common financial term REIT investors should know is Funds from Operations, or FFO for short, which is a REIT's main source of income from its portfolio of property, such as rent

Simply Wall St -

Do Insiders Own Lots Of Shares In Ascendas Hospitality Trust (SGX:Q1P)?

So it's nice to see some insider ownership, because it may suggest that management is owner-oriented. … With a market capitalization of S$862m, Ascendas Hospitality Trust is a small cap stock, so it might not be well known by many institutional investors. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

Ascendas Hospitality Trust's (SGX:Q1P) Insiders Have Sold Shares - Should You?

Ascendas Hospitality Trust (“A-HTRUST”) was listed in July 2012 as a stapled group comprising Ascendas Hospitality Real Estate Investment Trust (“A-HREIT”) and Ascendas Hospitality Business Trust (“A-HBT”), established with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of income-producing real estate used predominantly for hospitality purposes, as well as real estate related assets in connection with the foregoing. … Ascendas Hospitality Trust's insiders have divested from.

Simply Wall St -

Is Ascendas Hospitality Trust (SGX:Q1P) A Healthy REIT?

Ascendas Hospitality Trust is a S$871.31m. … real estate investment trust (REIT) based in Singapore, Singapore. … See our latest analysis for Ascendas Hospitality Trust

Simply Wall St -

How Should You Analyze REIT Stock Ascendas Hospitality Trust (SGX:Q1P)?

Ascendas Hospitality Trust is a S$871.31M small-cap real estate investment trust (REIT) based in Singapore, Singapore. … Check out our latest analysis for Ascendas Hospitality Trust Funds from Operations (FFO) is a higher quality measure of Q1P's earnings compared to net income. … Next Steps: As a REIT, Ascendas Hospitality Trust offers some unique characteristics which could help diversify your portfolio.

Simply Wall St -

Is Buying Ascendas Hospitality Trust (SGX:Q1P) For Its Upcoming $0.03 Dividend A Good Choice?

Important news for shareholders and potential investors in Ascendas Hospitality Trust (SGX:Q1P): The dividend payment of SGD0.03 per share will be distributed into shareholder on 19 June 2018, and the stock will begin trading ex-dividend at an earlier date, 16 May 2018. … Check out our latest analysis for Ascendas Hospitality Trust 5 checks you should do on a dividend stock Whenever I am looking at a potential dividend stock investment, I always check these five metrics: Is it paying an annual yield above 75% of dividend payers? … Unfortunately, it is really too early to view Ascendas Hospitality Trust as a dividend investment.

Simply Wall St -

A Look At Ascendas Hospitality Trust (SGX:Q1P) And The Real Estate Sector

Ascendas Hospitality Trust (SGX:Q1P), a S$903.87M small-cap, is a real estate company operating in an industry which is the most prevalent industry in the global economy, and as an asset class, it has continued to play a crucial role in the portfolios of various investors. … Today, I will analyse the industry outlook, and also determine whether Ascendas Hospitality Trust is a laggard or leader relative to its real estate sector peers. … Ascendas Hospitality Trust lags the pack with its negative growth rate of -94.80% over the past year, which indicates the company will be growing at a slower pace than its REIT peers.

Simply Wall St -

Will Ascendas Hospitality Trust (SGX:Q1P) Continue To Underperform Its Industry?

See our latest analysis for Ascendas Hospitality Trust Breaking down ROE — the mother of all ratios Return on Equity (ROE) is a measure of Ascendas Hospitality Trust’s profit relative to its shareholders’ equity. … For now, let’s just look at the cost of equity number for Ascendas Hospitality Trust, which is 8.38%. … Given a discrepancy of -7.54% between return and cost, this indicated that Ascendas Hospitality Trust may be paying more for its capital than what it’s generating in return.

Simply Wall St -

Q1P Company Info

Description

Ascendas Hospitality Trust (“A-HTRUST”) was listed in July 2012 as a stapled group comprising Ascendas Hospitality Real Estate Investment Trust (“A-HREIT”) and Ascendas Hospitality Business Trust (“A-HBT”), established with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of income-producing real estate used predominantly for hospitality purposes, as well as real estate related assets in connection with the foregoing. The asset portfolio comprises 14 quality hotels with approximately 4,700 rooms geographically diversified across key cities in Australia, Japan, South Korea and Singapore; and located in close proximity to central business districts, business precincts, suburban centres, transportation nodes and iconic tourist landmarks. A-HTRUST is managed by Ascendas Hospitality Fund Management Pte. Ltd., the manager of A-HREIT, and Ascendas Hospitality Trust Management Pte. Ltd., the trustee-manager of A-HBT. A-HTRUST is sponsored by Ascendas Land International Pte Ltd, a wholly-owned subsidiary of Ascendas Pte Ltd.

Details
Name: Ascendas Hospitality Trust
Q1P
Exchange: SGX
Founded: 2012
SGD1,032,854,507
1,135,004,953
Website: http://www.a-htrust.com
Address: Ascendas Hospitality Trust
1 Fusionopolis Place,
No.10-10 Galaxis,
Singapore,
138522,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX Q1P Stapled Units Singapore Exchange SG SGD 27. Jul 2012
Number of employees
Current staff
Staff numbers
24
Ascendas Hospitality Trust employees.
Industry
Hotel and Resort REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 12:54
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/01/30
Last earnings filing: 2019/01/29
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.