SINGAPORE (Apr 24): REITs in Singapore have been forced to factor in uncertainties as the Covid-19 outbreak lingers, resulting in a need to conserve cash through lowering dividend payouts. 

With weaker margins and revenue in the pipelines, CGS-CIMB analyst Eing Kar Mei observes that most REITs have, in their latest quarterly results, retained a portion of their distributable income amounts in a bid to brace themselves for the storm ahead. 

Eing notes that Frasers Centrepoint Trust (FCT), Mapletree Commercial Trust (MCT) and ESR REIT have retained 50%, 30% and 60% of their distributable income figures respectively. 

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