Most Reits' DPU paid out of operations
Religare study questions sustainability of payouts that are propped up by capital and other means
Singapore
A HEALTHY 91 per cent of distributions from Singapore Reits (S-Reits) on average comes from operations, contrary to the belief that distributions are increasingly artificially supported by capital and other means. This is according to findings from a study done by Religare Institutional Research.
In fact, only four Reits used capital - mostly comprising divestment proceeds - to prop up their dividend payout in FY14 and FY15. They are Cache Logistics Trust, Mapletree Logistics Trust, Keppel Reit and Suntec Reit.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Frasers Property H1 profit slides 81% on property value losses, lower residential contributions
US bill to restrict WuXi AppTec, Chinese biotechs revised to give more time to cut ties
Barclays cuts jobs in energy transition team it only just built
UMS Holdings Q1 net profit drops 44% to S$9.8 million
SIA Engineering H2 profit rises 11.5% to S$37.8 million on robust aviation MRO demand
Great Eastern shares jump 39% as OCBC mounts S$1.4 billion privatisation bid at S$25.60 per share