There are probably 7 REITs that up to this point have announced their results or put out notes on their latest quarter of business development.

3 of the REITs have cut their latest quarter of dividend per unit that is distributed to shareholders.

If you look at the dividend per unit cut, they are very drastic. What it shows is that based on the net cash flow that the REIT earned in the last quarter, they decide to pay out 50% to 80% less.

The REITs that have announced but did not cut their dividends to this drastic extend are Keppel REIT, Keppel Pacific OAK, Parkway Life, Sabana, Keppel DC.

The reason this is done is to conserve cash flow.

The Singapore Government and Australian Government have announced that landlords cannot evict their tenants. They have provided landlords with property tax rebates and expect that these rebates are passed