Corporate digest

Ascendas Reit

ASCENDAS Reit (A-Reit) estimates that rent waivers provided to its tenants in Singapore year to date amount to less than S$20 million. The actual amount to be disbursed will depend on tenants' eligibility assessment by the authorities.

This amount is in addition to the Singapore government's property tax rebates and cash grants which the trust will fully pass through to eligible tenants.