You are here

Ascott Reit sees drop in bookings from Wuhan virus, has limited exposure to China

Its Q4 2019 DPS is up 6%, propped up by S$13.5 million from divestment gains

BT_20200131_LMXASCOTT31_4020495.jpg
Beh Siew Kim, CEO of Ascott Residence Trust Management Ltd, says bookings were in fact up year on year at the start of 2020, before news of the virus broke.

Singapore

ASCOTT Residence Trust (ART) expects a short-term impact on its portfolio, with global travel reduced as a result of the novel coronavirus situation, and it has already seen some cancellations in bookings and a drop in forward bookings since the start of this year.

But...