Source: Businesstimes.com
INVESTORS will be presented with a barometer for assessing the impact of the financial crisis on the property sector with five Reits turning in their quarterly report cards this week.
K-Reit Asia - Today, 20 October 2008
CapitaMall Trust - Tomorrow, 21 October 2008
Ascott Residence Trust - Wednesday, 22 October 2008
Mapletree Logistics Trust - Wednesday, 22 October 2008
CapitaCommercial Trust - Thursday, 23 October 2008
Against growing economic uncertainty, analysts say that Reits have an advantage over property developers as they are still expected to derive stable, visible and recurring income.
However, falling rentals, will take some shine off the sector. Meanwhile, debt refinancing remains a key issue with nearly $4 billion worth of Singapore Reit debt expiring next year.
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