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Over 75% of S-Reits log DPU declines in H2; expected interest rate cuts may offer reprieve

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Raphael Lim

Raphael Lim

Published Thu, Mar 7, 2024 · 05:00 AM
    • The Singapore office market may see some upside in the event of an interest rate cut starting in May or June 2024.
    • The Singapore office market may see some upside in the event of an interest rate cut starting in May or June 2024. PHOTO: ST FILE

    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.

    S-ReitsFinancial results

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