SINGAPORE (Oct 30): OCBC is keeping its ‘buy”call on Ascott REIT with $1.44 as the bank continues to like the REIT for its more resilient extended-stay business model as compared to its hospitality peers.

Ascott REIT reported its 3Q15 results which came in within OCBC’s expectations.

Revenue grew 20.8% to $113.2 million from a year ago, underpinned by additional contribution from acquisitions made in 2014, coupled with better operating performance from some existing properties this year.

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