SINGAPORE (June 15): The manager of CapitaLand Mall Trust (CMT) announced that it will be granting rental waivers for June to qualifying small and medium enterprises (SMEs) following the passing of the Covid-19 (Temporary Measures) (Amendment) Bill.
This is in addition to the rental rebates and other rental relief measures already given by the REIT, reflected in its 1Q20 results.
See: CapitaLand Mall Trust slashes 1Q DPU by 70.5% to 0.85 cent in view of 'continuing headwinds'
CMT also expects to provide further rental relief of up to one month of rental or other forms of rental assistance for June, in view of the phased approach towards the safe-reopening of businesses after the circuit breaker measures.
Units in CapitaLand Mall Trust closed 2 cents lower or 1.0% down, at $2.05, on Friday.
