Dear readers, Mapletree North Asia Commercial Trust closed 4.92% lower as the Hong Kong protests caused damage to its Hong Kong mall “Festival Walk”. The following video clip was what I have found on Youtube on the damage to Festival Walk.
This episode once again reminds investors of Reits and Trusts that Reits and Trusts are not always the most defensive plays as what I have mentioned many times on SG Stocks Investing. Since Reits and Trusts are nonetheless still businesses and subject to geopolitical factors as well.
As another example, some years ago, Saizen Reit which owns properties in Japan went south after an earthquake struck Japan. And what about Hutchinson Ports Holdings Trust now which was much highly touted when it was listed?
Thus Reits and Business Trusts investors looking at dividend income cash flows should always know that these forms of equities are as subject to market forces, geopolitical factors as their stocks counterparts.
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