The REITs sector has been hit by headwinds due to the COVID-19 pandemic.
Certain REITs have remained resilient but others have borne the brunt of the circuit breaker measures and the collapse in tourism.
For investors who rely on a steady stream of dividend income as a source of passive cash flow, knowing which REIT is doing well and which isn’t can allow them to make important capital allocation decisions.
With quite a number of the larger REITs having reported their latest earnings and/or business updates, we survey the landscape to filter out the good, the bad and the ugly.
Do note that this is just a snapshot of how these REITs are performing. As conditions evolve, investors will also need to monitor and update their understanding of each REIT’s prospects.
The good
Not many REITs have escaped unscathed as the pandemic bore down on the sector.
REIT managers have an obligation...