Singapore is well known as a shoppers’ paradise. Family outings at malls are a common weekend activity, and the island is dotted with malls of all shapes and sizes for the discerning consumer to choose from. That is also why retail REITs tend to do well. However, the COVID-19 pandemic has drastically altered the retail landscape. Retail REITs suffered adverse effects from these tough measures as shopper traffic dried up and tenants faced financial pressure. REIT managers had to dole out tenant relief measures to support their tenants, and many were forced to slash their distribution per unit (DPU). We take a look at two popular retail REITs, CapitaLand Mall Trust (SGX: C38U), or CMT; and Frasers Centrepoint Trust (SGX: J69U), or FCT, to see which makes the better investment choice. Financial performance We start by comparing the financial performance of each REIT. However, do note that CMT and FCT have different fiscal year-ends....