It’s that time of the year again when companies report their financial results.
That practice will be somewhat different this year as SGX has no longer made it a mandatory requirement for companies to report quarterly results.
Because of the change in ruling, numerous companies, including blue-chip ones such as ComfortDelGro Corporation Ltd (SGX: C52), have ceased quarterly reporting.
Now that the frequency of reporting has declined, it’s all the more important for investors to sit up and pay attention to the half-year reports that companies churn out.
REITs are no exception, with many switching to half-year reporting.
But the good news is that many REITs have voluntarily chosen to provide business updates in lieu of quarterly financial statements.
These updates provide great insights into how REITs are coping with the current COVID-19 pandemic.
With the next earnings season starting in mid-July and lasting till mid-August, here are three aspects...