SINGAPORE (May 8): For the next few months, investors may start monitoring price to net asset value for REITs rather than their yields. On April 16, the Ministry of Finance and Inland Revenue Authority of Singapore announced it will extend the timeline for REITs to distribute at least 90% of their taxable income from three months to 12 months after the end of FY2020 to qualify for transparency. Those with March year-ends will have until March 31, 2021, to distribute at least 90% of taxable income derived in FY2020, and those with December year ends have until Dec 31, 2021, to distribute their taxable income.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $4.99/month*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

SUBSCRIBE NOW