Many Reits weighing option of semi-annual reporting

The Singapore Exchange said on Jan 9 that it will drop the requirement that all companies with a market capitalisation exceeding $75 million must report their earnings every quarter.
The Singapore Exchange said on Jan 9 that it will drop the requirement that all companies with a market capitalisation exceeding $75 million must report their earnings every quarter.ST PHOTO: CHONG JUN LIANG

This comes as SGX drops rule that firms with over $75m market cap must report quarterly

Real estate investment trusts (Reits) that issue dividends every quarter are in talks with investors about how semi-annual reporting could affect dividend payouts, The Straits Times understands.

Many of the 43 Reits listed in Singapore report earnings and issue dividends every quarter. But an increasing number, especially those with many properties overseas, have moved to semi-annual reporting and payouts.

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A version of this article appeared in the print edition of The Straits Times on January 11, 2020, with the headline 'Many Reits weighing option of semi-annual reporting'. Print Edition | Subscribe