Shares in Australia-listed real estate investment trusts fell sharply yesterday amid growing concern about the impact of the coronavirus on their operations. There is growing speculation that shopping centre owners will have to shut down parts of their properties, while ensuring that outlets such as supermarkets and pharmacies remain open.
Sholto Maconochie of Jefferies says food retailers and specialty stores are likely to seek rent relief as foot traffic in shopping centres declines, while the pandemic is likely to prompt more REITs to withdraw their earnings guidance.
From The AFR:
