You could be forgiven for thinking that the Singapore market is dominated by Real Estate Investment Trusts. No less than six blue-chip property trusts are set to take the spotlight next week.
Mapletree Logistics Trust (SGX: M44U) will provide an update for the first quarter. In April, the warehouse landlord warned that the unprecedented spread of COVID-19 could negatively affect demand for space, occupancy, rental rates and collections, and ultimately, the distribution per unit.
Another REIT, Mapletree Industrial Trust (SGX: ME8U), could also provide a first-quarter update. Last month, the landlord raised S$410 million through a private placement to fund the purchase of its remaining 60% stake in 14 American data centres.
CapitaLand Mall Trust (SGX: C38U) said in an April trading update that the impact from the pandemic could deepen in the second quarter. The shopping-mall operator has already cut the first-quarter distribution per unit by 70.5% to 0.85 Singapore cents....