If you’re an investor in Singapore REITs you will no doubt have been hit by the rapid collapse of REIT stock prices over the last few weeks [Full disclosure: I’m not invested in any of the Singapore REITs]. In just a period of two-plus weeks, many counters were down 40-50% from their early March highs. Many REITs lost 50% or more. Sentiment on REITs was badly hurt by the escalating measures due to Covid-19 that will keep more people at home instead of going to work, shopping in the malls, and keeping out tourists that would stay in hotels. Unsurprisingly, the hospitality REITs have done the worst while the healthcare REITs have outperformed. But even “blue chips” like Capitaland Mall Trust were not spared from the carnage. Thankfully, there’s been a relief rally in the past few days, but Singapore REITs are still down significantly from their recent highs. For investors...