Over 75% of S-Reits log DPU declines in H2; expected interest rate cuts may offer reprieve
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HIGHER interest costs continued to weigh on distributions for locally listed real estate investment trusts (S-Reits) in the second half of 2023.
More than three-quarters of the trusts that disclosed distribution per unit (DPU) figures in their latest earnings reports posted year-on-year declines for the financial period ended December 2023.
Just six S-Reits reported DPU improvements, while two had unchanged DPU.
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