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

Singapore REITs with exposure to the food & beverage (F&B) sector emerged as amongst the biggest losers at the close of trading on 14 May, after the country announced a significant tightening of COVID-19-related social restrictions.

Amid a sudden rise in the number of community cases infected with the B.1.617 variant that was first detected in India, F&B outlets across the country are no longer allowed to accept dine-in customers with effect from 16 May.

In addition to this, social gatherings are now limited to a maximum of two persons, effectively eliminating a large number of outings to malls and other retail assets.


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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.