CapitaLand Mall Trust property, Bugis+. (Photo: REITsWeek)CapitaLand Mall Trust property, Bugis+. (Photo: REITsWeek)

Data from Suntec REIT’s, CapitaLand Commercial Trust’s, CapitaLand Mall Trust’s, and Mapletree Commercial Trust’s latest results have been updated into the Singapore REITs table.

COVID-19-related measures have continued to distort the earnings of retail-focused REITS in Singapore, judging from results that trickled in on 22 October.

In April 2020, Singapore passed the COVID-19 (Temporary Measures) Act to assist small and medium-sized enterprises (SMEs) that have been affected by COVID-19.

As part of the legislation, qualifying tenants can claim up to four months of rent relief, two of which will be borne by landlords.

Related: Singapore lays out further details of rent-affecting COVID-19 bill

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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.