Most Reits raise DPU despite US tapering

Their debt is locked at favourable rates, ahead of inevitable rise in interest rates

MOST real estate investment trusts (Reits) here improved on their distribution per unit (DPU) in the last reported quarter, despite a less-than-rosy outlook in light of the United States Federal Reserve's tapering of its stimulus programme.

Based on a survey of Reits that have since turned in their October-to-December report cards, this can be attributed to the fact that most of them have locked in most of their debt at favourable interest rates, ahead of the inevitable rise in rates.

Broadly speaking,...

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