OVER the past month, most of the retail- and hospitality-based real estate investment trusts (REITs) had announced their quarterly results for the second quarter (Q2) period and the underlying picture is that these REITs are under pressure, brought about by the movement control order (MCO) as well as sluggish growth during the recovery MCO (RMCO) period.
Most of them were impacted by the rental waivers to their tenants, lower footfall and drop in tourism-related activities, which impacted the hospitality sector.
