With their high distribution yields, REITs have become immensely popular over the last few years.
Like all assets, they have sold off dramatically in the last few weeks with the impact of COVID-19 having a devastating impact on footfall traffic and creating turmoil in financial markets.
In this post, I am going to talk about some of the key concerns especially in this time period.
Hard Hit By Economic Downturn
COVID-19 has wrecked havoc on operations all around the world. Job losses in hospitality, retail and F & B continue to mount globally.
The UK paints a grim picture of what maybe to come with even leading firms like Burger King UK stating that they would skip rent payments to conserve cash.
With revenues drying up, many retailers will not be able to survive short of extraordinary support from fiscal stimulus measures from governments.
So far, the Singapore government has