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
Airbus net profit soars 28% in first quarter
Carrier AirAsia discloses new listing plans under RM6.8 billion units merger
Intel slides after tepid forecast spurs fears about comeback
Microsoft beats estimates as AI drives revenue
Crypto firm sues SEC to fend off oversight of Ethereum
Snap beats first-quarter expectations, shares jump 25%