Artist's impression of Ascott REIT's lyf one-north Singapore. (Image: Ascott REIT)

The COVID-19 outbreak is severely affecting the travel and hospitality industries, but Ascott REIT is less vulnerable when compared to its peers, a credit ratings agency has recently opined.

Ascott REIT is a hospitality trust with a portfolio of 87 properties across 15 countries.

The trust is related to Singapore-listed CapitaLand Limited, one of Asia’s largest real estate groups.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.