Ascott REIT outshines peers amid rally across hospitality sector

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Amid a more moderate supply of hotel rooms islandwide, Singapore-listed hospitality REITs and property trusts have recorded mostly double-digit gains since the start of the trading year.

Gains made by these counters have outclassed the broader Straits Times Index, which recorded total returns of just 6.1% in the year-to-date (YTD).

Among the stellar performers include CDL Hospitality Trust, which has gained 14.4% since the start of the year, and Ascendas Hospitality Trust, which is now up 11.7%.

Read: Ascott REIT expects benefits for Vietnam portfolio amidst trade tensions

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