Singapore-listed US Reits mitigate impact of US tax rule changes
Keppel-KBS US Reit and Manulife US Reit have taken steps to preserve transparency; align with changes in US
Singapore
IN a bid to preserve tax transparency, managers of the two Singapore-listed US real estate investment trusts (Reits) have taken certain steps to mitigate the impact of recently announced changes to US tax rules.
One of the effects of the tax bill, which was passed barely more than two weeks ago, is the deductibility of certain interest expenses for taxable years after Dec 31, 2017.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
FLCT posts 1.1% lower H1 DPU of S$0.0348 on higher vacancies, expenses
ETF popularity poised to stay as investors flock to diversification, stability
Interests of OCBC and Great Eastern’s minority shareholders are fundamentally misaligned
Aims Apac Reit posts 10.2% lower H2 DPU on enlarged unit base
VinFast’s EV ambitions get a reality check as shares plunge 65%
Stocks to watch: FLCT, Paragon Reit, AA Reit, Lendlease Global Reit, Far East Orchard, SIA