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.