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Reits sold down as investors fret over challenges facing landlords
DBS Research says new legislation to help tenants will introduce further uncertainty in retail sector
Add BT as a preferred sourcePublished Thu, Apr 2, 2020 · 09:50 PM
Singapore
REAL estate investment trusts took a tumble on Thursday, with retail Reits bearing the brunt of the selling after the government announced it will legislate to ensure that landlords pass on in full property tax rebates to their tenants.
Among those badly hit were Frasers Centrepoint Trust (FCT), Mapletree Commercial Trust (MCT), CapitaLand Mall Trust (CMT) and SPH Reit.
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