Fitch Ratings has revised Ascott REIT’s outlook from stable to negative amid an unprecedented downturn in the hotel and lodgings industry.
Ascott Residence Trust (ART) is currently trading on the Singapore Exchange at a steep discount of approximately 30% to book value, according to data compiled on the Singapore REITs table.
Dear subscribers, please login to continue reading this article.
Don’t miss out on information beyond mainstream media reports that may impact your investments.
Login or sign-up for a free 25-day trial here. Why subscribe?