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Smart Look At The Week Ahead: Blue-Chip REITs On Show
By The Smart Investor  •  July 20, 2020
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....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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