I am no stock analyst but yesterday one of my readers emailed and asked about my views on the Ascendas Hospitality Trust impending IPO. First of all, investors need to know that Ascendas Hospitality Trust is a business trust and not a typical real estate investment trust (Reit). In this case, about 80 percent of the assets will be in the business trust and 20 percent in the Reit. To be honest, I am not sure how business trust works and normally if I don’t understand a business model, I would not invest in the company. This is not to say that Ascendas Hospitality Trust is not a good stock. On the contrary, it can be a potentially good stock that delivers consistent yield for long term investors. However, I would not invest in such business trust because I will only invest in stocks with business models that I can …