The era of the COVID-19 pandemic has been a trying period for Singapore.
Circuit breaker measures were implemented from 7 April till June 2 to stem the spread of the deadly virus.
In an unprecedented move, these measures have resulted in the closure of workplaces, malls and outdoor areas by the government.
Many of the measures have been lifted as of today as we transition into Phase II of the safe transition. But community cases are still lingering in the single-digits.
For income-seeking investors, the last quarter was a troubling time as the mass closures and stay-home orders led to significant financial stress on REITs.
As a reminder, REITs derive the bulk of their income from rentals to their tenant base.
With many tenants under financial pressure, this has also resulted in a struggle for REITs to maintain their rental income flow.
With some REITs having already reported their earnings, we survey the landscape to see how they have fared....