THE Covid-19 pandemic has brought on a fierce challenge to many real estate investment trusts (REITs), as the income they derive from their commercial real estate has shrunk.
With the unprecedented downturn caused by the pandemic, rentals and occupancy rates at their properties like shopping malls and hotels have taken a beating.
The recent ruling by the Securities Comission to temporarily allow an increased borrowing limit for REITs from 50% to 60% is helpful to some.
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