The unrealised fair value losses, which are non-cash in nature, will not have any impact on ART’s income available for distribution. The managers of ART says that the trust has a “strong financial position with sufficient liquidy” to meet its operating and financial commitments. As at Sept 30, 2020, ART had some $305 million in cash on hand, and $550 million in undrawn credit facilities. Gearing remained low at 34.6%. In addition, the managers have divested several properties at a premium to their book values. “The sale proceeds would further strengthen ART’s financial capacity and flexibility to distribute part of the proceeds to stapled securityholders, pare down debt and/or finance potential acquisitions,” reads the statement via SGX. “The Covid-19 situation remains fragile. While advances in vaccine development have brought renewed optimism, there is uncertainty around new strains of the coronavirus. As travel resumes, risks of a resurgence remain,” it adds. Units in ART closed 1 cent higher or 0.9% up at $1.13 on Jan 15.